Rasmal Ventures, the first independent venture capital firm established in the Qatar Financial Centre, has officially welcomed Hamad Mubarak Al Hajri as a private investor. Al Hajri, the visionary Founder and CEO of Snoonu, joins an elite group of backers that includes institutional heavyweights like the Qatar Investment Authority. This strategic addition underscores the firm’s commitment to bridging the gap between successful regional entrepreneurs and the next generation of tech-driven startups.
Strengthening the Local Venture Ecosystem
The inclusion of a prominent founder-investor like Al Hajri signals a maturing startup landscape in Qatar. By integrating the expertise of an entrepreneur who successfully scaled Snoonu into a market leader, Rasmal Ventures is positioning itself as more than just a source of capital. The firm aims to leverage the practical insights and regional networks of its investors to provide hands-on support for its portfolio companies. This collaborative model is designed to empower tech ecosystems at local, regional, and global levels.
Targeted Investment Strategy and Growth Ambitions
Rasmal Ventures is currently deploying capital through its flagship Rasmal Innovation Fund I, which targets a total raise of $100 million. The fund is sector-agnostic but maintains a strategic focus on high-growth verticals including fintech, B2B SaaS, supply chain logistics, and artificial intelligence. With plans to make approximately 25 equity investments, the firm focuses on Pre-Series A through Series B stages, supporting startups that demonstrate significant potential for regional and international expansion.
Strategic Alignment with Qatar’s Vision
The growth of Rasmal Ventures aligns closely with Qatar’s Third National Development Strategy, which prioritizes economic diversification through technology and innovation. By securing commitments from institutional partners, family offices, and successful tech founders, the firm is building a robust foundation for a knowledge-based economy. The partnership with Al Hajri specifically highlights the “founder-to-investor” pipeline that is essential for the long-term sustainability of the MENA tech scene.
About Rasmal Ventures
Founded in 2023, Rasmal Ventures is Qatar’s first independent venture capital company. Based in the Qatar Financial Centre, it is managed by a team of seasoned experts with over 100 combined years of experience in global and regional investment. The firm specializes in identifying high-performance technology startups in the MENA region and providing them with the strategic guidance and capital necessary to become market leaders.
About Hamad Mubarak Al Hajri
Hamad Mubarak Al Hajri is a prominent Qatari entrepreneur, investor, and the Founder and CEO of Snoonu, Qatar’s leading super-app for e-commerce and delivery. With over 20 years of experience in business innovation and technology, Al Hajri has been a key figure in Qatar’s digital transformation. He is recognized for his contributions to the regional tech scene and his commitment to mentoring and investing in the burgeoning startup ecosystem.
Source: LinkedIn
