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Qewam Fund, now branded as Q Fund, serves as the strategic investment arm of Qewam Holding, focusing on venture capital and private equity investments in the Gulf Cooperation Council (GCC) region. Launched in November 2025, Q Fund aims to bridge the gap between early-stage innovation and late-stage institutional scale. The fund operates with a founder-first philosophy, emphasizing long-term collaboration with its portfolio companies.
Currently, Q Fund manages an asset base of approximately $13.3 million, inherited from its predecessor, Iwan Ventures. The fund's headquarters is located in Riyadh, Saudi Arabia, with a primary focus on the GCC region, particularly Saudi Arabia and Qatar. Q Fund's notable milestone includes its first confirmed investment in QPioneers, a startup founded in 2024 that offers an AI-powered Startup Operating System.
Q Fund invests primarily in two areas: Venture Capital (VC) and Private Equity (PE). In the VC space, the fund targets early-stage companies specializing in AI-driven operating systems, fintech infrastructure, and digital commerce. The fund's investment strategy emphasizes the importance of operational support through its QewamOS platform, which provides portfolio companies with essential tools and infrastructure.
In addition to its venture capital focus, Q Fund engages in private equity investments aimed at strategic arbitrage and mid-market consolidation. This approach seeks to transform established regional players into digital-first companies. The fund's investment criteria include a strong emphasis on founder-led teams and innovative business models that align with its vision of bridging early-stage innovation with institutional scale.
Q Fund's portfolio currently includes one publicly confirmed investment:
While Q Fund has only one confirmed investment to date, it utilizes successful international companies like Stripe and Coupang as benchmarks for its investment strategy in the GCC. These case studies inform the fund's approach to building economic infrastructure and market dominance.
Lewa Abukhait — CEO, Q Fund. Lewa has a background in venture capital and ecosystem building, overseeing high-impact startup strategies and operational support programs. His expertise lies in guiding startups through the complexities of scaling in the GCC market.
To pitch to Qewam Fund, startups should visit their website at qewamfund.com. It is recommended to include a comprehensive deck that outlines the business model, market analysis, and financial projections. While specific application forms are not mentioned, a well-structured proposal is essential.
Response times may vary, but founders should expect to hear back within a few weeks after submission. Warm introductions are preferred, as they can enhance the likelihood of a favorable review.
In December 2025, Qewam Fund made its first publicly confirmed investment in QPioneers, a Qatar-based startup that offers an AI-powered Startup Operating System. This investment marks a significant milestone for the fund, which launched in November 2025.
Qewam Fund's transition from Iwan Ventures to its current branding as Q Fund has been covered by various media outlets, highlighting its focus on early-stage innovation in the GCC region. The fund's operational support model through QewamOS has also been a focal point in discussions about its investment strategy.
What are Qewam Fund's investment criteria?
Qewam Fund primarily invests in early-stage companies within the AI, fintech, and digital commerce sectors. The fund seeks founder-led teams with innovative business models that demonstrate potential for growth and scalability.
How can startups apply or pitch to Qewam Fund?
Startups interested in pitching to Qewam Fund can submit their proposals through the fund's website at qewamfund.com. It is advisable to include a detailed business plan, financial projections, and information about the founding team.
What makes Qewam Fund different from other investors?
Qewam Fund emphasizes a founder-first philosophy, providing not only capital but also operational support through its QewamOS platform. This infrastructure helps startups scale effectively in the GCC market.
What is the geographic scope of Qewam Fund's investments?
The fund focuses on the Gulf Cooperation Council (GCC) region, with a primary emphasis on Saudi Arabia and Qatar. This geographic focus allows Qewam Fund to leverage local market dynamics and opportunities.
What is the fund size and check size range for Qewam Fund?
Qewam Fund has an asset base of approximately $13.3 million. While specific check sizes are not disclosed, the fund targets early-stage investments, which typically range from pre-seed to Series C funding rounds.
What kind of post-investment involvement does Qewam Fund have?
Qewam Fund actively supports its portfolio companies through access to AI tools, technical infrastructure, operational playbooks, and connections to corporate and public sector partners. This involvement aims to enhance the growth potential of its investments.
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