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The Venture Codex

Qatar Development Bank

Grand Hamad Street, Doha, Ad Dawhah, 22789, Qatar

Overview

Qatar Development Bank they improve the economic development cycle by providing entrepreneurs and SMEs with a wide range of financial and advisory products under one roof.

Total investments
8
Lead investments
2
Investments · 12mo
6
Active investors
1

Sector focus

  • Banking
  • Consulting
  • Consumer Lending
  • Finance
  • Financial Services
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Investment portfolio

  • Multiverse Computing

    Participated · Series C · Jul 2026

    Founded in 2019 in San Sebastián, Multiverse Computing builds AI solutions inspired by quantum computing techniques—notably tensor-network approaches—to compress large language models and produce energy-efficient AI. The company says its technology can reduce model size and energy use by up to 95%, deliver 4x–12x faster inference, and cut costs by 50%–80%, enabling deployment on constrained devices like smartphones, laptops and satellites. Multiverse has launched a new generation of optimized models, including an open-source model and a family of compressed models designed for resource-limited environments. It has formed strategic partnerships with firms such as Cohere, Axelera AI, Plain Concepts, Inetum, EY and PwC to accelerate adoption in finance, energy, logistics, space, health and defense. Financially, Multiverse closed a €189M Series B in June 2025 (led by Bullhound Capital and including SETT and other investors) and is currently finalizing a larger round that could total €500M, backed in part by a €107M SETT commitment.

  • Wellbees

    Led · Series A · Jun 2026

    Wellbees offers an enterprise-focused, AI-powered employee wellbeing platform operating in more than 100 countries and supporting 38 languages. The platform covers physical, mental, emotional, social, financial, occupational, environmental, intellectual, and spiritual wellbeing through services such as expert consultations, habit tracking, wellness programs, employee engagement initiatives, analytics, and next-generation Employee Assistance Programs (EAPs). Wellbees emphasizes personalized and measurable wellbeing experiences for organizations. Following its $3.6 million Series A, the company is planning expansion across the Gulf, including opening a Qatar office and growing a regional team. Wellbees will also invest in software and product development and enhance its AI capabilities with the new funding. The company has attracted both institutional and angel participation, including existing investor Sabancı Ventures.

  • Aumet

    Participated · Series A · May 2026

    Aumet builds an AI-first procurement operating system and inventory management software tailored to pharmacies, hospitals, and healthcare systems. Its platform focuses on automating procurement workflows and improving operational decision-making across the healthcare supply chain. The company targets markets where healthcare procurement relies on fragmented legacy systems that create inefficiencies. With the new funding, Aumet plans to expand its AI capabilities and scale enterprise deployments. It also intends to use the capital to enter additional GCC markets. The articles do not provide revenue, user, or founding-year metrics.

  • Contents

    Led · Series B · Feb 2026

    Founded in 2021 and headquartered in Milan, Contents offers a model-agnostic orchestration layer that chooses among leading AI models from providers such as Meta, OpenAI, Anthropic, Google, and Mistral to execute full business workflows. The platform goes beyond content generation to handle localization, compliance, approvals, and delivery, positioning itself as an execution layer between AI intelligence and business outcomes. A native multilingual architecture allows operation in over 25 languages, including 15 Arabic dialects, helping enterprises expand across linguistically diverse markets. Current enterprise customers include Dolce & Gabbana, William Hill, Sainsbury’s, Beko, and Radisson, and the company reports 100% enterprise client retention. Contents produces more than 500,000 AI-powered outputs per month across six countries and has been listed on the Deloitte Fast 500 EMEA. With newly secured capital, the company plans to expand across the GCC and establish Doha as its Middle East operational hub while continuing to invest in advanced orchestration, localization, and governance solutions. To date, Contents has raised $25 million in funding.

  • SkipCash

    Participated · Series A · Jan 2026

    Founded in 2019, SkipCash offers a suite of digital payment services—merchant acquiring, online payment gateways, QR payments, payment links, Tap to Phone (SoftPOS), and integrated payment technologies. The company is licensed by the Qatar Financial Centre and regulated by the Qatar Central Bank. SkipCash serves more than 10,000 merchants across multiple industries and processed payment transactions exceeding QAR 1 billion in 2025. Earlier in 2025 it closed a $4 million Series A with backing from Qatar Development Bank, Qatar Islamic Insurance Company, KBN Holding Group, Finjan Venture Investments, and Doha Tech Angels. With the new strategic investment from Qatar International Islamic Bank, SkipCash plans to expand its payment infrastructure, speed product innovation, strengthen its merchant ecosystem, introduce additional fintech solutions, and pursue regional expansion across GCC markets through partnerships.

Team

  • Abdulaziz Bin Nasser Al-Khalifa

    Chief Executive Officer

    LinkedIn