Finance
Qatar Wealth Fund Backs London-Based Venture Capital Firm Utopia
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The Qatar Investment Authority has invested in London-based Utopia Capital Management, which focuses on startup investments in emerging and frontier markets.
QIA is making a “multimillion-dollar” investment into Utopia Capital, which will open its Middle East headquarters in Doha, according to a statement reviewed by Bloomberg News. QIA’s investment marks one of the first capital deployments from its Fund of Funds program that aims to develop startups and venture capital in Qatar.