Latest news with #AlexanderWiedmer
Zawya
05-03-2025
- Business
- Zawya
Qatar: QDB, Rasmal Ventures sign agreement to promote innovation, entrepreneurship in Qatar
QDB VP Enterprise Development Khalid Abdulla al-Mana and Alexander Wiedmer, co-managing partners at Rasmal Ventures, on the sidelines of Web Summit Qatar 2025. Qatar Development Bank (QDB) has signed a co-operation agreement with Rasmal Ventures on the sidelines of Web Summit Qatar 2025 to bolster Qatar's entrepreneurial ecosystem by supporting innovation, attracting global talent, and fostering local and regional growth opportunities for startups. Through the collaboration, both parties seek to strengthen Qatar's position as a global entrepreneurship hub, which will contribute to attracting top talent and empowering startups to access new regional and global markets. The partnership focuses on supporting entrepreneurs and fostering innovation in Qatar by leveraging QDB's Talent Community Programme with Rasmal Ventures joining as an official partner of the programme, which was designed to nurture a dynamic and diverse entrepreneurial ecosystem. The partnership will enhance Qatar's ability to attract global talent and innovators, offering a supportive environment for the growth of high-growth companies. The two organisations will also collaborate to exchange information on promising investment opportunities and foster cooperation in joint investment initiatives to enable startups to access the necessary resources and networks for their global expansion, particularly in the Middle East and North Africa region. The two parties will also work to strengthen cooperation within the framework of the Startup Qatar investment initiative by exploring joint investment opportunities and boosting the contribution of Rasmal Ventures to the programme, as well as expanding the scope of beneficiaries. QDB VP Enterprise Development Khalid Abdulla al-Mana said the partnership reflects the bank's ongoing commitment to developing an advanced investment landscape in line with the highest global standards to empower startups and contribute to their sustainable growth. 'Through our collaboration with Rasmal Ventures, we aim to enhance investment flows and help entrepreneurs build extensive networks, enabling them to connect with regional and global investors.' Dr Shaikha al-Jabir and Alexander Wiedmer, co-managing partners at Rasmal Ventures, emphasised that the work QDB and Startup Qatar are doing is immensely important for the economy and the innovation ecosystem. They added: 'It is an enabler for VC funds as we are. We are delighted to partner with QDB to support the startups in the programme as they seek to grow.' QDB's latest partnership reflects its vision to foster an environment that supports the growth of entrepreneurial ventures, contributing to the development of the business ecosystem and boosting the competitiveness of startups both regionally and internationally. It also equips startups with the necessary tools to succeed, reinforcing Qatar's position as a regional hub for innovation and investment in the region. This aligns with Qatar National Vision 2030, which aims to achieve economic diversification by empowering entrepreneurs and startups to thrive and grow. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Wamda
05-02-2025
- Business
- Wamda
QIA's $1 billion fund of funds kicks off with Investment in Rasmal Ventures
Qatar-based VC firm Rasmal Ventures LLC has secured funding from Qatar Investment Authority (QIA) as part of its Fund of Funds programme. The investment will fund Rasmal Venture's inaugural homegrown VC fund, Rasmal Innovation Fund I LLC, which targets high-performance startups and scales up across sectors, including fintech, B2B SaaS, healthtech and AI. Rasmal Innovation Fund I is the first fund to join the $1 billion VC programme from QIA, with a target close of $100 million. In June 2024, Rasmal launched its inaugural fund, raising $30 million from institutional investors and family offices, with the aim of reaching $100 million in investment commitments. Press release: Rasmal Ventures LLC, Qatar's first independent venture capital (VC) company, which was established in 2023, has today announced funding from QIA as part of its Fund of Funds programme. The funding is received into Rasmal Venture's inaugural, home-grown venture capital fund, Rasmal Innovation Fund I LLC, which targets high-performance startups and scales up across a variety of innovative technology sectors, including fintech, B2B SaaS, HealthTech and AI. Rasmal Innovation Fund I LLC is the first fund announcement as part of QIA's $1 billion Fund of Funds program announced as open to applicants in February 2024. To date, the Rasmal Innovation Fund I LLC has closed funding from QIA's Fund of Funds, corporates, family offices and individual high-net-worth investors with an aim to reach $100 million in investment commitments. The fund is only open to professional investors as defined in QFCRA regulation. Alexander Wiedmer, Co-Managing Partner of Rasmal Ventures, said, 'As the first private VC fund based in Doha, we have forged strong partnerships with leading Qatari institutions to work closely with exceptional founders, stimulate innovation, and meet the region's unique needs. While still in the early stages of capital deployment, we take pride in our first investments in proprietary tech startups. The trust QIA and our other investors placed in us is a testament to our team's capabilities and dedication. We will continue to grow our presence across the region and execute our highly selective investment strategy to establish ourselves as a key player in the MENA VC landscape." The Rasmal Innovation Fund I LLC is managed by a highly experienced team of VC experts that have collectively managed more than 100 VC deals, along with impressive exits.
Zawya
31-01-2025
- Business
- Zawya
Rasmal Ventures, Emirates NBD make key investment in TeamSec
Qatar's Rasmal Ventures, one of Doha's leading venture capital firms, and UAE-based Deniz Ventures have jointly invested in TeamSec, the world's first AI-powered securitization platform,transforming the structured finance industry through its innovative Securitization-as-a-Service platform. Deniz Ventures is the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund - the Corporate Venture Capital arm of Emirates NBD Group. With a total investment raise of $7.6 million, TeamSec aims to accelerate its growth operations, focusing on rapid expansion in the Middle East and North Africa region. Additionally, TeamSec also aims to diversify its product and service portfolio and enhance current service offerings. Focused on accelerating the digital transformation of the financial sector, TeamSec is driving the creation of a more efficient and transparent financial ecosystem by digitizing securitization processes. Through its AI and data analytics-based solutions, TeamSec seeks to create critical value for investors and financial institutions. Rasmal Ventures' Co-Managing Partner, Alexander Wiedmer said: "TeamSec's bold vision to revolutionize the securitization industry across the Middle East and beyond resonates strongly with us. Their mission-driven, execution-focused team exemplifies the kind of ambition and innovation we are excited to support." "Our investment, alongside Deniz Ventures, reflects our commitment to advance fintech solutions that redefine traditional financial processes. By backing teams like TeamSec, with deep expertise in their field, we aim to accelerate digital transformation and fortify the regional financial ecosystem," he added. On the investment, Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD said: "We recognize the immense potential securitization holds in supporting regional growth. Our recent strategic investment in TeamSec, a fintech innovator specializing in Securitization-as-a-Service, underscores our commitment to shaping this market and enabling its growth." "We are the first investor in TeamSec, supporting the founder and team in their growth journey at an early stage," he stated. Neohub CEO Gürhan Çam said TeamSec's technological infrastructure will lay the groundwork for stronger collaborations among financial institutions in the future and contribute significantly to the financial ecosystem. "Digital transformation in the fintech sector is no longer a luxury but a necessity. As DenizBank and Neohub, we aim to address the technological gaps in the field of securitization by collaborating with startups through our investment in TeamSec. We recognize that TeamSec's innovations in securitization have the potential to set new industry standards." Emphasizing the role Emirates NBD unit played in the deal, Neeraj Makin, Group Head of Strategy, Analytics, and Venture Capital at Emirates NBD, said: "Emirates NBD's Innovation Fund drives strategic investments in cutting-edge fintech startups like TeamSec, enabling us to deliver tailored solutions that align with our vision of being the most innovative bank for our customers." "As the industry evolves, the fund ensures we stay ahead of disruptive trends while enhancing the digital experience for our clients," he added. Esad Erkam Köroğlu, Founder and CEO of TeamSec, highlighted that this strategic investment from Deniz Ventures combined with the VC mindset and experience of the Rasmal Ventures' team, is a key enabler in achieving the company's vision. "The investment we received from ENBD and Rasmal Ventures demonstrates the trust placed in TeamSec's vision and technological prowess by these renowned institutions," stated Köroğlu. "At the same time, this investment round supports our mission to revolutionize the securitization market, positioning TeamSec as a leader in the fintech sector as well as in the securitization market, particularly in the Mena region. With this investment, we endeavor to strengthen our position as a global game-changer in the field of securitization," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
30-01-2025
- Business
- Trade Arabia
Rasmal Ventures, Emirates NBD make key investment in TeamSec
Qatar's Rasmal Ventures, one of Doha's leading venture capital firms, and UAE-based Deniz Ventures have jointly invested in TeamSec, the world's first AI-powered securitization platform,transforming the structured finance industry through its innovative Securitization-as-a-Service platform. Deniz Ventures is the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund - the Corporate Venture Capital arm of Emirates NBD Group. With a total investment raise of $7.6 million, TeamSec aims to accelerate its growth operations, focusing on rapid expansion in the Middle East and North Africa region. Additionally, TeamSec also aims to diversify its product and service portfolio and enhance current service offerings. Focused on accelerating the digital transformation of the financial sector, TeamSec is driving the creation of a more efficient and transparent financial ecosystem by digitizing securitization processes. Through its AI and data analytics-based solutions, TeamSec seeks to create critical value for investors and financial institutions. Rasmal Ventures' Co-Managing Partner, Alexander Wiedmer said: "TeamSec's bold vision to revolutionize the securitization industry across the Middle East and beyond resonates strongly with us. Their mission-driven, execution-focused team exemplifies the kind of ambition and innovation we are excited to support." "Our investment, alongside Deniz Ventures, reflects our commitment to advance fintech solutions that redefine traditional financial processes. By backing teams like TeamSec, with deep expertise in their field, we aim to accelerate digital transformation and fortify the regional financial ecosystem," he added. On the investment, Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD said: "We recognize the immense potential securitization holds in supporting regional growth. Our recent strategic investment in TeamSec, a fintech innovator specializing in Securitization-as-a-Service, underscores our commitment to shaping this market and enabling its growth." "We are the first investor in TeamSec, supporting the founder and team in their growth journey at an early stage," he stated. Neohub CEO Gürhan Çam said TeamSec's technological infrastructure will lay the groundwork for stronger collaborations among financial institutions in the future and contribute significantly to the financial ecosystem. "Digital transformation in the fintech sector is no longer a luxury but a necessity. As DenizBank and Neohub, we aim to address the technological gaps in the field of securitization by collaborating with startups through our investment in TeamSec. We recognize that TeamSec's innovations in securitization have the potential to set new industry standards." Emphasizing the role Emirates NBD unit played in the deal, Neeraj Makin, Group Head of Strategy, Analytics, and Venture Capital at Emirates NBD, said: "Emirates NBD's Innovation Fund drives strategic investments in cutting-edge fintech startups like TeamSec, enabling us to deliver tailored solutions that align with our vision of being the most innovative bank for our customers." "As the industry evolves, the fund ensures we stay ahead of disruptive trends while enhancing the digital experience for our clients," he added. Esad Erkam Köroğlu, Founder and CEO of TeamSec, highlighted that this strategic investment from Deniz Ventures combined with the VC mindset and experience of the Rasmal Ventures' team, is a key enabler in achieving the company's vision. "The investment we received from ENBD and Rasmal Ventures demonstrates the trust placed in TeamSec's vision and technological prowess by these renowned institutions," stated Köroğlu.
