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Seed and growth-stage capital for tech founders and entrepreneurs

The QSTP Tech Venture Fund (TVF) is a strategic venture capital fund designed to support local innovative startups and attract international startups looking to scale in the region.

The fund provides opportunities for local, regional and international tech founders and entrepreneurs to source seed-stage funding and follow-on capital.

Why Tech Venture Fund?

Amongst the many concerns of tech entrepreneurs, identifying sources of early stage capital is perhaps the most daunting. Young businesses need seed funding to hire talent, reach early customers, and start booking revenue. As the business grows, seed stage sourcing is eclipsed by the challenges of raising a Series A or B round. The QSTP Tech Ventures Fund provides an opportunity for tech founders and entrepreneurs to source seed-stage capital when they are first embarking on their journey. As the business matures and the value proposition becomes clear, QSTP can leverage the Tech Ventures Fund to participate in a Series A or B round. In essence, the Tech Ventures Fund seeks to lower one of the barriers to starting a tech company with a keen focus of building an innovation ecosystem in Qatar.

Investment Mandate

  • Up to $500,000 investment in a seed round

  • Up to $1 Million investment in a Series A round

  • Up to $3 Million investment in a Series B round

Eligibility

  • Local tech-based startups with early product validation looking to scale, typically coming from local accelerators, incubators or spinouts from research institutes. There is an expectation that the startup have already achieved some milestones, including product validation through a pilot with customers or through product revenue, while have gathered interest from early sources of capital such as angel investors, government grants or through extensive bootstrapping of the business.

  • International tech-based startups with existing touchpoints to Qatar, having an identified lead institutional investor (TVF will not lead such rounds, but can follow).

Tools of the Trade

Seed Participation

  • TVF can participate or lead seed rounds in local tech-based businesses using convertible note or SAFE (Simple Agreement for Future Equity), which are instruments that will convert into preferred stock at the closing of Series A.
  • Issuing a SAFE or a convertible note is fast, simple, and relatively inexpensive.

  • Tech Venture Fund average ticket size: 100K-500K USD.

Series A/B Participation

  • Series A is widely viewed as the first institutional outside money that is invested in a business.
  • At this stage, the company is working to scale or determine distribution, investigate verticals, and refine the business model.
  • QSTP will not lead on Series A/B but can be a source of follow-on capital after a lead institutional investor is firmly on board and has conducted a valuation.
  • Tech Venture Fund average ticket size: 0.5M – 3M USD.

Supporting Qatar-based Startups

As the innovation ecosystem in Qatar continues to develop, the TVF was established to support tech-based startups by investing in promising local startups with dedicated founders targeting a growing regional or global market. The companies we invest in have already surpassed product validation and have a strong competitive advantage, typically backed up by an intellectual property position.

Supporting Regional and International Startups

QSTP can support non-local tech-based startups in instances where the Qatar economy and ecosystem can add value to a transaction. Sometimes this means that the startup is already collaborating or piloting solutions with a larger entity in Qatar, or other times it may mean access to human capital or intellectual property developed by one of Qatar’s research institute. These deals will be led by established VC firms where the TVF can follow, should it pass internal due diligence, including strategic fit.