Rasmal Ventures, Qatar’s first independent venture capital firm, has announced that Hamad Mubarak Al-Hajri, the founder and CEO of Qatari tech unicorn Snoonu, has joined the firm as an investor. This strategic partnership marks a significant milestone for the Qatari startup landscape, as one of the nation’s most prominent entrepreneurs reinvests his expertise and capital back into the local venture ecosystem.
Strengthening The Qatari Innovation Economy
The addition of Al-Hajri to Rasmal Ventures’ investor base is designed to bridge founder ambition with institutional venture capital. Al-Hajri, who has built Snoonu into a dominant regional delivery and technology platform, noted that venture capital serves as a critical bridge between national vision and talent driven by legacy. His involvement is expected to boost the local innovation economy and provide a “founder-first” perspective to the firm’s investment strategies.
Institutional Backing And Strategic Focus
Rasmal Ventures operates with the support of world-class institutional partners, including the Qatar Investment Authority (QIA) through its Fund of Funds program. This program acts as a catalyst for Qatar’s transition toward a knowledge-based economy by accelerating the availability of smart capital for high-growth startups.
The firm’s primary investment vehicle, Rasmal Innovation Fund I LLC, targets high-growth sectors that are pivotal to the region’s digital transformation:
- FinTech and B2B SaaS
- HealthTech
- Artificial Intelligence (AI)
A Growing Trend Of Founder-Investors In MENA
Al-Hajri’s move highlights an emerging trend within the MENA region where successful founders seek to empower the next generation of ambitious entrepreneurs by partnering with established VC firms. By joining Rasmal Ventures, Al-Hajri joins a leadership team that includes Alexander Wiedmer, Soumaya Ben Beya Dridje, and Dr. Shaikha Al-Jabir, all of whom are focused on building a sustainable and profitable tech ecosystem locally and globally.
About Rasmal Ventures
Rasmal Ventures is the first private venture capital firm based in Qatar, dedicated to nurturing the regional startup ecosystem. Through its Rasmal Innovation Fund I, the firm provides capital, strategic guidance, and global network access to technology companies in the seed and growth stages. The firm focuses on driving innovation and sustainability in emerging markets by aligning with visionary founders and institutional partners like the Qatar Investment Authority.
Source: Rasmal Ventures
