Hamad Al-Hajri’s GrowthX Capital to Lead $5 Million Pre-Series A Investment in ALPHA10X as AI Company Relocates from France to Qatar.

The agreement, signed at Qatar Chamber, marks a strategic step in connecting Qatari investment with advanced AI technology and global private markets, while marking ALPHA10X’s relocation from France to Qatar.

GrowthX Capital, the Doha-headquartered investment firm founded by Hamad Mubarak Al-Hajri, has signed an investment agreement at Qatar Chamber to lead a $5 million Pre-Series A funding round in ALPHA10X, a predictive Decision Intelligence company transforming investment selection, pricing, and underwriting in private markets. The signing, hosted by Qatar Chamber, underscores the importance of collaboration between investors, technology companies, and the private sector in strengthening Qatar’s investment and innovation ecosystem.

The investment marks a significant step in GrowthX Capital’s strategy to back ambitious technology companies with global potential and reinforces Qatar’s growing role as a base for innovation, entrepreneurship, and international investment. As part of this development, ALPHA10X is establishing its presence in Qatar, working with GrowthX Capital to strengthen relationships with sovereign and institutional investors and connect with global fund managers, investment platforms, and portfolio companies.

Founded by Hamad Al-Hajri, GrowthX Capital operates across the GCC and MENA, combining direct investments in promising founders with strategic investments in leading early- and growth-stage venture capital funds. Through this approach, the firm aims to support the development of globally competitive companies and contribute to a more diversified, innovation-driven economy.

Bringing Predictive AI to Private-Market Investment Decisions

ALPHA10X is developing a predictive Decision Intelligence platform designed to improve investment selection, pricing, and underwriting for private equity firms, asset managers, sovereign wealth funds, and corporate acquirers.

Private-market assets under management are projected to reach $65 trillion by 2032, alongside an estimated $74 trillion in generational wealth transfer through 2045, with capital expected to flow predominantly toward private markets. While artificial intelligence has significantly expanded access to information and analytical capabilities, investment outcomes continue to depend heavily on fragmented evidence, assumptions, and individual judgment.

ALPHA10X aims to address this challenge through its proprietary reasoning system, ALPHAcodex, which connects investment evidence, predictive models, and institutional decision rules. The platform makes the rationale behind investment decisions explicit and testable, helping investors identify assumptions, assess uncertainty, and build a more consistent decision-making process while retaining control over final investment decisions.

By capturing investment reasoning and evaluating decisions against subsequent outcomes, ALPHA10X aims to turn individual expertise into institutional knowledge and enable more systematic, repeatable investment decisions.

The company has raised $20 million in seed funding. Through its partnership with Kearney, a global strategy consulting firm and shareholder, ALPHA10X has delivered more than 100 engagements across 11 countries, reporting 88% client satisfaction across more than 80 engagements.

The new funding will primarily support product development and the advancement of the platform’s predictive capabilities. Over time, ALPHA10X intends to expand its model by integrating predictive Decision Intelligence with investment banking and principal investment activities, connecting investment insight with transaction execution and capital deployment.

Building Global Technology Companies from Qatar

Commenting on the investment, Hamad Mubarak Al-Hajri, Founder of GrowthX Capital, said:

“At GrowthX Capital, our ambition is to help build the next generation of global technology companies from Qatar. We believe that combining advanced AI, exceptional entrepreneurial talent, and strategic investment can unlock new opportunities for businesses and transform how capital is deployed.

Our investment in ALPHA10X reflects this vision. By connecting Qatari capital with globally relevant technology and international expertise, we aim to help build a company with the potential to compete internationally while contributing to Qatar’s innovation ecosystem and the objectives of Qatar National Vision 2030. Establishing ALPHA10X’s presence in Qatar is an important step towards that ambition.”

Robert Marcus, Founder and Group CEO of ALPHA10X, said:

“Better decisions. Greater alpha. That is the promise of predictive Decision Intelligence for private markets. Some of the most consequential investment decisions are still made using incomplete information and judgment that is difficult to capture, test, or replicate. ALPHAcodex is designed to make that reasoning explicit, predictive, and measurable, helping institutions improve decision quality over successive investment cycles.

Qatar offers an important strategic base for our next phase of growth, bringing us closer to major institutional capital pools and international investment networks. Through our partnership with GrowthX Capital, we look forward to strengthening our presence in Qatar and advancing our mission to transform investment decision-making.”

Commenting on the signing, Mr. Ali Bousherbak Al Mansouri, Acting General Manager of Qatar Chamber, said the Chamber’s hosting of the ceremony reflects its commitment to fostering partnerships between Qatari companies and international businesses, encouraging knowledge exchange and creating opportunities for investment and collaboration. These efforts support the private sector’s contribution to Qatar’s economic development.

He added that the agreement marks an important step in strengthening investment and technology cooperation between GrowthX Capital and ALPHA10X, bringing together investment expertise and advanced technologies. He highlighted the growing role of artificial intelligence and data analytics in transforming the business landscape, supporting startups and enabling innovative ventures to grow.

The partnership reflects a shared ambition to connect investment, technology, and international expertise while supporting the development of companies capable of competing in global markets. It also highlights the opportunity to strengthen Qatar’s position as a destination for technology-driven investment and entrepreneurship.

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