Sovereign wealth fund
Qatar Investment Authority portfolio
qia.qaQatar Investment Authority is a sovereign wealth fund based in Doha, Qatar, founded in 2005. It has invested in 71 venture-backed companies across 84 funding rounds on VCMC, and led 23 of those rounds. 27 of them were in the last 12 months.
71
Venture-backed companies
in its portfolio on VCMC
84
Funding rounds
led 23
27
Last 12 months
rounds, Oct 2025 to Sep 2026
39
With a disclosed valuation
of 71 companies
$1.46T
Combined value of its private companies
the whole companies, not what Qatar Investment Authority owns
68 private companies Qatar Investment Authority has backed have a VCMC valuation; together they are worth $1.46T. That is the value of the whole companies, not what Qatar Investment Authority owns. Anthropic is 75% of the total. 3 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Qatar Investment Authority's most valuable portfolio companies
The 10 most valuable private companies Qatar Investment Authority has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Anthropic Tech Companies, San Francisco $1.09T range $838.9B – $1.51T Joined at Series F, 2025
- 2 Flipkart Online Marketplace, Bengaluru $46.9B range $6.5B – $60.4B Joined at Growth, 2014
- 3 Mari Group Decorators & Interior Designers, Beverly Hills $37.4B range $22.3B – $56.9B Joined at Growth, 2025
- 4 Checkout.com Payment Processing & Point of Sale, London $32.6B range $4.9B – $59.2B Joined at Series D, 2022
- 5 Crusoe Hosting & Cloud Infrastructure Providers, Denver $31.7B range $26.9B – $46.2B Joined at Series F, 2026
- 6 Applied Intuition Tech Companies, Sunnyvale $20.9B range $13.7B – $24.0B Joined at Series F, 2025
- 7 Trendyol Clothing Stores, Istanbul $13.8B range $3.1B – $28.1B Joined at Growth, 2021
- 8 Neuralink Medical Supply Manufacturers, Fremont $13.1B range $8.1B – $15.1B Joined at Series E, 2025
- 9 ICEYE Aerospace and Defence, Espoo $12.8B range $10.0B – $17.6B Joined at Series F, 2026
- 10 WHOOP Medical Supply Manufacturers, Boston $12.1B range $8.8B – $15.9B Joined at Series G, 2026
Portfolio
Full Qatar Investment Authority portfolio (71 companies)
71 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Anthropic Tech Companies · since Series F, 2025 | Series H May 2026 $65.00B | $1.09T | $838.9B – $1.51T | $1.31T (+20%) | $144.0B | 0% | 6,076 | growing | A | |
| 2 | Crusoe Hosting & Cloud Infrastructure Providers · since Series F, 2026 | Series F Sep 2026 $3.90B | $31.7B | $26.9B – $46.2B | $40.2B (+27%) | $4.4B | 0% | 1,720 | growing | A | |
| 3 | Flipkart Online Marketplace · since Growth, 2014 | Growth Equity Jul 2021 $3.60B | $46.9B | $6.5B – $60.4B | $46.3B (-1%) | $5.6B | 0% | 96,913 | up | D | |
| 4 | PsiQuantum Semiconductors · since Series E, 2025 | Grant Jul 2026 $125M | $9.6B | $6.0B – $11.0B | $9.6B (0%) | $1.1B | 0% | 671 | up | B | |
| 5 | SambaNova Tech Companies · since Series E, 2026 | Series F Jul 2026 $1.00B | $11.2B | $9.6B – $13.5B | $11.0B (-2%) | $1.6B | 76% | 406 | down | A | |
| 6 | Mari Group Decorators & Interior Designers · since Growth, 2025 | Growth Equity Oct 2025 $2.00B | $37.4B | $22.3B – $56.9B | $37.4B (0%) | $3.4B | 0% | 180 | growing | B | |
| 7 | Zuoyebang Learning, Tutoring & Courses · since Series E, 2020 | Series E Jun 2020 $750M | $6.4B | $489M – $9.7B | $6.4B (0%) | $1.1B | 5% | 1,461 | flat | D | |
| 8 | Checkout.com Payment Processing & Point of Sale · since Series D, 2022 | Series D Jan 2022 $1.00B | $32.6B | $4.9B – $59.2B | $30.9B (-5%) | $6.9B | 0% | 2,477 | up | D | |
| 9 | Trendyol Clothing Stores · since Growth, 2021 | Growth Equity Aug 2021 $1.50B | $13.8B | $3.1B – $28.1B | $12.7B (-8%) | $3.0B | 36% | 11,959 | up | D | |
| 10 | Snyk Tech Companies · led at Series G, 2022 | Series G Dec 2022 $197M | $4.7B | $1.6B – $12.0B | $3.8B (-19%) | $1.1B | 50% | 1,714 | up | D | |
| 11 | Axiom Space Aerospace and Defence · led at Growth, 2026 | Growth Equity Jun 2026 $525M | $4.7B | $3.3B – $6.9B | $4.5B (-5%) | $460M | 58% | 795 | flat | B | |
| 12 | ICEYE Aerospace and Defence · since Series F, 2026 | Series F Jun 2026 $520M | $12.8B | $10.0B – $17.6B | $15.3B (+19%) | $1.8B | 0% | 1,128 | growing | A | |
| 13 | Celonis Tech Companies · led at Series D, 2022 | Debt Aug 2022 $600M | $10.7B | $2.3B – $20.7B | $10.0B (-7%) | $2.2B | 20% | 4,483 | up | D | |
| 14 | Neuralink Medical Supply Manufacturers · since Series E, 2025 | Series E Jun 2025 $650M | $13.1B | $8.1B – $15.1B | $13.1B (0%) | $1.4B | 0% | 672 | up | B | |
| 15 | Applied Intuition Tech Companies · since Series F, 2025 | Series F Jun 2025 $600M | $20.9B | $13.7B – $24.0B | $20.9B (0%) | $2.3B | 0% | 1,625 | growing | A | |
| 16 | Positron Device Manufacturing · since Series B, 2026 | Series C Sep 2026 $875M | $5.2B | $4.3B – $7.5B | $6.5B (+26%) | $715M | 0% | 100 | growing | A | |
| 17 | VerSe Tech Companies · led at Series H+, 2021 | Debt Feb 2024 $6.0M | $1.4B | $449M – $9.5B | $1.2B (-14%) | $848M | 97% | 675 | down | D | |
| 18 | Kailera Therapeutics Pharmaceutical Products · since Series B, 2025 | Series B Oct 2025 $600M | $5.5B | $2.6B – $7.8B | $5.5B (0%) | $608M | 0% | 26 | unknown | B | |
| 19 | WHOOP Medical Supply Manufacturers · since Series G, 2026 | Series G Mar 2026 $575M | $12.1B | $8.8B – $15.9B | $13.8B (+14%) | $1.5B | 0% | 1,649 | growing | A | |
| 20 | North Road Video and Audio Production · led at Growth, 2023 | Growth Equity Jan 2023 $150M | $741M | $120M – $1.2B | $713M (-4%) | $99.0M | 0% | 38 | flat | D | |
| 21 | Ayar Labs Electronical Components Manufacturing · since Series E, 2026 | Series E Mar 2026 $500M | $4.5B | $3.3B – $5.8B | $5.0B (+11%) | $552M | 0% | 259 | up | A | |
| 22 | Ascend Elements Batteries · led at Series D, 2023 | Series D Sep 2023 $460M | $992M | $532M – $3.3B | $608M (-39%) | $486M | 97% | 130 | shrinking | C | |
| 23 | Runway Tech Companies · since Series E, 2026 | Series E Feb 2026 $315M | $5.8B | $4.6B – $6.9B | $5.5B (-5%) | $758M | 51% | 73 | flat | A | |
| 24 | Replit Tech Companies · since Growth, 2026 | Growth Equity Mar 2026 $400M | $10.5B | $7.8B – $13.3B | $11.6B (+10%) | $1.0B | 0% | 709 | growing | A | |
| 25 | Thumbtack Tech Companies · led at Growth, 2021 | Debt Jul 2024 $75M | $2.6B | $391M – $4.1B | $2.6B (0%) | $353M | 0% | 1,807 | up | D | |
| 26 | Insider One Tech Companies · led at Series D, 2022 | Series E Nov 2024 $500M | $5.5B | $2.6B – $7.8B | $5.5B (0%) | $604M | 0% | 1,888 | up | B | |
| 27 | Starling Banks & ATMs · since Series D, 2021 | Growth Equity Apr 2022 $166M | $2.0B | $164M – $3.1B | $2.0B (0%) | $222M | 0% | 2,900 | flat | D | |
| 28 | CARSOME Automobile Dealers & Manufacturers · led at Series E, 2022 | Series F Mar 2026 $30M | $385M | $216M – $641M | $417M (+8%) | $54.1M | 6% | 1,899 | flat | B | |
| 29 | ITM Radiopharma Pharmaceutical Products · since Growth, 2024 | Debt May 2025 $263M | $2.6B | $747M – $4.0B | $1.9B (-26%) | $256M | 0% | 661 | up | C | |
| 30 | Tessera Therapeutics Biotechnology · since Series B, 2021 | Grant Oct 2025 $41M | $420M | $206M – $1.8B | $361M (-14%) | $437M | 97% | 210 | shrinking | D | |
| 31 | Apptronik Industrial Machinery & Supplies · since Series A, 2026 | Other Jun 2026 $4.2M | $7.8B | $4.3B – $10.9B | $9.5B (+21%) | $1.3B | 0% | 534 | growing | B | |
| 32 | Nearfield Instruments Laboratory Equipment & Supplies · since Series D, 2026 | Series D Jun 2026 $380M | $1.8B | $1.4B – $2.4B | $2.1B (+21%) | $255M | 0% | 442 | growing | A | |
| 33 | Skyryse Aircraft Parts & Services · since Series C, 2026 | Series C Feb 2026 $300M | $1.4B | $1.0B – $1.7B | $1.5B (+7%) | $162M | 0% | 197 | flat | A | |
| 34 | Vast Aerospace and Defence · since Series A, 2026 | Series A Mar 2026 $500M | $4.1B | $1.9B – $7.8B | $5.1B (+25%) | $717M | 0% | 1,174 | up | C | |
| 35 | Infarm Fruit & Vegetable - Markets & Stores · led at Series D, 2021 | Series D Dec 2021 $200M | $299M | $61.9M – $986M | $289M (-3%) | $102M | 59% | 147 | flat | D | |
| 36 | Age of Learning Tech Companies · since Growth, 2021 | Growth Equity Jul 2021 $300M | $616M | $252M – $3.2B | $506M (-18%) | $297M | 94% | 375 | down | D | |
| 37 | CARSOME Automobile Dealers & Manufacturers · led at Series E, 2022 | Debt Jul 2025 $15M | $1.5B | $136M – $2.2B | $1.3B (-7%) | $280M | 8% | 1,834 | flat | D | |
| 38 | d-Matrix Tech Companies · since Series C, 2025 | Series C Nov 2025 $275M | $2.7B | $1.7B – $3.2B | $2.8B (+2%) | $307M | 0% | 325 | growing | B | |
| 39 | Rebel Foods Tech Companies · led at Series F, 2021 | Debt Sep 2025 $17M | $1.7B | $1.2B – $2.2B | $1.4B (-16%) | $271M | 59% | 3,595 | up | B | |
| 40 | Innovafeed Animal Feed · led at Series D, 2022 | Growth Equity Jun 2026 $59M | $620M | $400M – $976M | $601M (-3%) | $65.8M | 47% | 274 | flat | B | |
| 41 | Tech Companies · since Series D, 2018 | Series D May 2018 $125M | $174M | $46.7M – $699M | $174M (0%) | $104M | 65% | 16 | down | D | |
| 42 | Appliance Repair & Maintenance · since Series B, 2019 | Series C May 2021 $50M | $498M | $32.5M – $860M | $465M (-7%) | $80.3M | 0% | 374 | flat | D | |
| 43 | Loans & Financing · since Series A, 2025 | Series A Oct 2025 $18M | $169M | $66.6M – $239M | $169M (0%) | $23.6M | 0% | 36 | growing | C | |
| 44 | Tech Companies · since Growth, 2025 | Acquisition Feb 2026 | $292.5B acquired 2026 | $143.9B – $743.5B | – | – | 0% | 4,659 | growing | C | |
| 45 | Insurance - Agents, Carriers & Brokers · since Growth, 2020 | Acquisition Sep 2025 $1.70B | $8.2B acquired 2025 | $918M – $12.5B | – | – | 0% | 254 | up | D | |
| 46 | Medical Supply Manufacturers · led at Series D, 2025 | Grant Aug 2026 $31M | $3.8B | $2.1B – $5.4B | $3.8B (0%) | $415M | 0% | 685 | growing | B | |
| 47 | Trucking and Logistics · led at Series D, 2026 | Series D Aug 2026 $200M | $921M | $767M – $1.3B | $1.1B (+25%) | $126M | 0% | 206 | flat | A | |
| 48 | Medical Supply Manufacturers · since Series D, 2025 | Series D Nov 2025 $200M | $3.2B | $1.7B – $4.5B | $3.2B (+1%) | $352M | 0% | 131 | flat | B | |
| 49 | Biotechnology · since Series C, 2023 | Acquisition Jun 2026 $1.25B | $1.8B acquired 2026 | $1.1B – $2.8B | – | – | 16% | 59 | up | B | |
| 50 | Biotechnology · since Series C, 2025 | Series C Mar 2025 $74M | $658M | $300M – $1.2B | $540M (-18%) | $93.7M | 62% | 102 | down | C |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Qatar Investment Authority invests: stages, industries and countries
Most of its rounds are Series C and later (80%). Its companies span 31 industries, most in Tech Companies, Biotechnology and Medical Supply Manufacturers, across 13 countries.
Rounds by stage
- Series A 4
- Series B 12
- Series C and later 67
- Other venture 1
Investments by industry
- Tech Companies 19
- Biotechnology 10
- Medical Supply Manufacturers 7
- Pharmaceutical Products 4
- Aerospace and Defence 3
- Automobile Dealers & Manufacturers 2
- Electronical Components Manufacturing 2
- Aircraft Parts & Services 1
Investments by country
- United States 49
- India 4
- United Kingdom 4
- Germany 3
- Australia 2
- Malaysia 2
Recent rounds
Qatar Investment Authority's latest investments
Qatar Investment Authority's most recent funding rounds, newest first. 27 rounds in the last 12 months.
- Crusoe Series F $3.90B 17 Sep 2026
- Positron Series C $875M 10 Sep 2026
- Series D, led $200M 25 Aug 2026
- SambaNova Series F $1.00B 8 Jul 2026
- Nearfield Instruments Series D $380M 22 Jun 2026
- Series C $80M 18 Jun 2026
- ICEYE Series F $520M 9 Jun 2026
- Innovafeed Growth $59M 5 Jun 2026
- Axiom Space Growth, led $525M 4 Jun 2026
- WHOOP Series G $575M 31 Mar 2026
Co-investors
Qatar Investment Authority's top co-investors
The investors that most often join the same rounds as Qatar Investment Authority. Temasek leads, with 10 rounds together.
- Temasek 10 rounds together
- Coatue 8 rounds together
- Tiger Global 7 rounds together
- Andreessen Horowitz 7 rounds together
- 7 rounds together
- Sequoia Capital 6 rounds together
- Valor 5 rounds together
- GIC 5 rounds together
- General Atlantic 5 rounds together
- 5 rounds together
About
About Qatar Investment Authority
Qatar Investment Authority is a Qatari sovereign wealth fund that operates as a global investment organization. The fund manages a portfolio of assets across sectors such as real estate, infrastructure, technology, media, telecoms, healthcare, financial institutions, retail, consumer goods, industrials, and materials. It also invests in human capital development, the region, and venture capital and startup ecosystems through the Fund of Funds program. Qatar Investment Authority is involved in both domestic and international markets, with offices in Doha, New York, and Singapore. The fund is committed to sustainability and responsible investment practices.
Description from Veridion's company data.
- Founded
- 2005
- Based in
- Doha, Qatar
- Team
- 711 people, +12% in a year
- Type
- Sovereign wealth fund
Focus markets
- Real Estate
- Infrastructure
- Technology
- Media
- Telecoms
- Healthcare
- Financial Services
- Retail
- Consumer Goods
- Industrials
What Qatar Investment Authority offers
- Global Investment Management
- Real Estate Investment Management
- Infrastructure Investment Management
- Technology Sector Investment Management
- Media and Telecoms Investment Management
- Healthcare Investment Management
- Financial Institution Investment Management
- Retail and Consumer Goods Investment Management
Questions
Qatar Investment Authority: frequently asked questions
How many companies has Qatar Investment Authority invested in?
71 venture-backed companies on VCMC, across 84 funding rounds.
What are Qatar Investment Authority's most valuable private companies?
Anthropic ($1.09T), Flipkart ($46.9B), Mari Group ($37.4B), by VCMC's valuation.
What was Qatar Investment Authority's latest investment?
Crusoe, a Series F round in Sep 2026 of $3.90B.
Which stages does Qatar Investment Authority invest in?
Qatar Investment Authority invests most often at Series C and later (67 rounds), followed by Series B (12) and Series A (4). It has also joined 1 other venture round.
What is Qatar Investment Authority's portfolio worth?
Its private companies with a VCMC valuation are worth $1.46T together. That is the sum of the companies' values, not what Qatar Investment Authority owns.
Who does Qatar Investment Authority invest alongside?
Temasek (10 rounds), Coatue (8 rounds), Tiger Global (7 rounds).