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Qatar Fund Building Venture Capital Unit for U.S. Startups

  • QIA has already invested in Foursquare and Bezos-backed Grail
  • Saudi Arabia has grabbed the spotlight for technology deals
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Qatar’s sovereign wealth fund, famous for investments in London’s Shard and Tiffany & Co., is quietly expanding its venture capital unit to invest in U.S. startups, according to people familiar with the matter.

The Qatar Investment Authority, created to handle the windfall from the country’s gas and oil exports, has invested in companies including Foursquare Labs Inc., biotech firm Rubius Therapeutics Inc., Homology Medicines Inc., Thoughtspot Inc. and Grail Inc., said the people, asking not to be identified because the deals are private. They didn’t disclose the value or timing of these investments.