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MarkApp Joins IAB MENA – ExchangeWire.com
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Qatar establishments again international clean-building push in certainly one of Mena’s biggest deep-tech offers
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UAE Leads MENA Fintech’s Subsequent Expansion Section as Sector Displays Structural Power | The Fintech Instances
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, has closed “one of the largest transactions of its kind in the Mena region,” anchoring a South Korean building energy company%27s global headquarters and acquisition strategy in Doha.</p><p>EnergyX, a South Korea-founded building energy technology company, secured the backing from Rasmal Ventures and QDB, among other Qatari institutions, to support its global acquisition strategy and deep-technology expansion.</p><p>The deal reflects sustained investor confidence in Qatar and the broader Gulf region as a long-term hub for technology development, industrial capability, and sustainability-driven growth, even as geopolitical tensions persist across parts of the Middle East.</p><p>The backing amount was not disclosed. Rasmal Ventures, the lead investor, described the transaction as one of the largest of its kind in the Mena (Middle East and North Africa) region and a major milestone for the company’s next phase of growth.</p><p>The deal coincides with a strategic partnership between Invest Qatar and EnergyX to establish the company’s global command centre and international headquarters in Qatar, a move expected to create more than 100 high-skilled jobs across research and development (R&D), engineering, and business functions. Qatar is set to serve as the hub for EnergyX%27s deep-technology roadmap, encompassing AI-powered energy intelligence and smart manufacturing.</p><p>Proceeds will fund a growth-by-acquisition strategy spanning the GCC and Europe, accelerate project deployments, and expand EnergyX%27s engineering and manufacturing capacity. The company will also use the funds to scale its computational intelligence and geospatial AI platform, which models, optimises, and validates building energy performance from the design stage through long-term operations.</p><p>“We were deeply impressed by the quality of EnergyX’s management team, their engineering depth, and their ability to scale their offering. This is exactly the globally ambitious company we look to back — one addressing an inherently massive market with a differentiated, defensible technology platform,” said Alexander Wiedmer, director and partner at Rasmal Ventures.</p><p>Wiedmer added: “We are delighted to support EnergyX’s international growth strategy and believe Qatar provides an exceptional platform from which the company can scale regionally and globally. This milestone also underscores the vital role of Invest Qatar and QDB, whose commitment to enabling the local venture capital ecosystem has been instrumental in supporting such transformative deals.”</p><p>EnergyX operates the industry’s first integrated platform for building energy outcomes, unifying proprietary technologies across intelligence, AI, materials, building envelopes, fabrication, and lifecycle control into an integrated execution system. The result is lower operating energy use and greater on-site power generation without compromising architectural design or building performance.</p><p>“This backing allows us to advance an acquisition-led growth strategy where energy outcomes are modeled, physically realized, and sustained at industrial grade,” said Sean Park, founder and CEO of EnergyX.</p><p> </p>%20%20%20%20<p>Related%20Story</p>
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