Rasmal Ventures has announced that Hamad Al Hajri, Founder and CEO of Snoonu, has joined as an investor in Rasmal Innovation Fund I. The fund already receives backing from the Qatar Investment Authority. This move signals strong confidence in Qatar’s growing venture ecosystem.
The partnership reflects a clear belief. The next wave of breakthrough technology companies will rise where bold founders meet long term capital and global networks. The GCC now shows this convergence more than ever.
Strengthening Qatar’s Venture Capital Landscape
Rasmal Innovation Fund I plays a strategic role in Qatar’s innovation ambitions. The fund focuses on:
- High growth technology startups
- Companies with Middle East presence
- Cross border scaling opportunities
- Long term institutional partnerships
With Hamad Al Hajri on board, Rasmal deepens its connection to founder led execution. His journey building Snoonu into a leading technology platform brings real operating insight into the fund.
The Qatar Investment Authority continues to anchor the fund. This backing provides stability and scale. Together, institutional capital and entrepreneurial leadership create a strong foundation.
Founder Backing Founder
Hamad Al Hajri built Snoonu through focus and persistence. He understands the challenges founders face. His decision to invest sends a clear message. Builders must support builders.
He believes venture capital bridges national vision and founder ambition. This mindset aligns with Rasmal’s strategy. The firm aims to nurture companies that scale beyond borders while staying rooted in the region.
This partnership adds more than capital. It brings:
- Operational experience
- Founder empathy
- Strategic perspective
- Regional credibility
Such alignment strengthens Qatar’s venture framework and encourages more founders to think globally.
Rasmal’s Vision for Cross Border Growth
Rasmal Ventures focuses on durable platforms. The firm wants Gulf based companies to compete internationally. It seeks startups that combine strong local presence with global ambition.
The fund targets sectors that drive innovation and long term value. These include:
- Technology enabled services
- Digital platforms
- Scalable software solutions
- Innovation driven business models
By connecting startups with institutional support and global networks, Rasmal aims to accelerate sustainable growth.
Alexander Wiedmer, Partner and Director at Rasmal Ventures, highlighted Hamad’s track record and discipline. He described the investment as a strong endorsement of Rasmal’s strategy and Qatar’s innovation trajectory.
Building a Sustainable Innovation Ecosystem
Qatar continues to strengthen its position as a regional innovation hub. Partnerships like this support that ambition. They align capital with experience and long term commitment.
The GCC innovation ecosystem grows rapidly. More founders launch scalable ventures. More investors seek structured opportunities. Rasmal Innovation Fund I sits at this intersection.
With Hamad Al Hajri as an investor, the fund reinforces its mission. It supports ambitious entrepreneurs. Builds cross border platforms. It contributes to a sustainable venture capital ecosystem in Qatar.
This development signals momentum. Qatar’s venture landscape moves forward with clarity, confidence, and founder driven energy.