Speedinvest expands into Middle East and Africa with growth-stage investment fund

European venture firm structures new vehicle with sovereign and multilateral backing to support companies scaling beyond early stages

European venture capital firm Speedinvest has introduced a new fund focused on early growth-stage companies in the Middle East and Africa, extending its investment activity beyond its established European base.

Founded in Vienna, Speedinvest manages more than €1.2 billion in assets and invests across multiple stages, from pre-seed to growth. The firm combines capital with operational support, connecting portfolio companies to corporate partners, industry specialists and follow-on investors as they expand into new markets.

The new fund is backed by a group of institutional investors that includes Qatar Investment Authority, Mubadala Investment Company and European Investment Bank. The structure formalises Speedinvest’s ongoing activity in the Middle East and Africa, while introducing dedicated capital and local teams to support companies operating in the region.

The initiative is designed to fund businesses that have moved beyond the earliest stages and are preparing to scale, with a focus on connecting them to international networks and markets. The firm also positions the fund as a link between European and MEA ecosystems, enabling companies from both regions to access capital, partnerships and expansion opportunities.

“We are thrilled to welcome QIA, Mubadala, and EIB as investors supporting our Middle East and Africa strategy,” said Oliver Holle, CEO and managing partner of Speedinvest.

“This demonstrates their belief in the region’s potential and Speedinvest’s ability to identify and support exceptional founders. We’re committed for the long haul, deploying patient, sector-focused capital to back visionary entrepreneurs across the Middle East and Africa, while bringing the added benefit of access to our broader global network and European portfolio to help founders build enduring global companies. At a time of increasing global fragmentation, building strong, diversified bridges between Europe and other strategic regions is becoming ever more important, for our founders, companies, and the broader innovation ecosystems on both sides.”