Rasmal Ventures, a leading Qatar-based venture capital fund backed by the Qatar Investment Authority (QIA), has announced a strategic investment in NEXX, an AI-driven logistics technology company. The partnership was unveiled during the 10th Belt & Road Summit in Hong Kong, highlighting a growing corridor for innovation between Asia and the Middle East.
Bridging Global Innovation with Qatari Capital
This investment marks a significant milestone for Rasmal Ventures, representing its first commitment to a Hong Kong-based tech startup. The move is central to the fund’s mission of attracting transformative global technologies to Qatar and establishing the nation as a pivotal hub for high-growth ventures. By backing NEXX, which is dual-headquartered in Hong Kong and Qatar, Rasmal Ventures is actively building a platform for collaboration between Asia and the Middle East, anchoring cutting-edge innovation within Qatar while connecting it to global markets.
Soumaya Ben Beya Dridje, Partner at Rasmal Ventures, stated, “We believe the cross-regional connection between China’s leading tech entrepreneurs and the GCC can unlock tremendous growth and value on both sides, and we are positioned to enable the building of this bridge. NEXX stood out as an impressive example that embodies this vision.”
Strengthening Local and Global Ties
The investment reinforces NEXX’s commitment to the region. As part of its growth strategy, the company has appointed Ibrahim Al-Derbasti, Executive Vice President of Offshore & Marine at Milaha, as Co-founder of NEXX Middle East. This move combines global technological expertise with deep local industry insight, ensuring a strong foundation for its regional operations.
Hui Ka Oscar, CEO of NEXX Group, added, “These developments demonstrate our commitment to building a world-class organization that can effectively bridge Chinese technological innovation with Middle Eastern market opportunities.”
About Rasmal Ventures
Rasmal Ventures is Qatar’s first independent venture capital fund with a regional presence across MENA. Backed by the Qatar Investment Authority, the firm invests in high-potential technology startups, primarily at the Series A and B stages. While sector-agnostic, Rasmal Ventures has expertise in healthtech, fintech, B2B SaaS, supply chain logistics, and Artificial Intelligence (AI).
About NEXX
NEXX is an AI-driven logistics company bridging China and the MENA region. Through its Agentic AI platform and logistics technology, NEXX enhances supply chain performance, optimizes warehouse operations across the MENA market, and enables intelligent, cross-border logistics coordination.
Source: Zawya
