Saudi Venture Capital Company Svc

Saudi venture capital investment company the company is a saudi closed joint stock company registered in riyadh kingdom of saudi arabia.

Saudi venture capital company svc. This is to minimize current equity funding gaps for startups by investing sar2 8 billion 750 million. The report which is sponsored by saudi venture capital company svc provides an in depth analysis of startups and venture capital vc investment in one of the region s fastest growing ecosystems. This is to minimize current equity gaps for startups. Al subeaei towers 5316 king fahd ibn abdul aziz road.

Svc aims to develop the venture capital ecosystem in saudi arabia to support startups by co investing along with angel investors and in vc funds. Saudi venture capital company svc is a government vc established in 2018 part of the private sector stimulus pss. The company has obtained a license number 09139 36 dated 29 jumada thani 1430h corresponding to 22 june 2009 from the capital market authority cma. Saudi venture capital company svc the recently created government owned vc firm that invests in saudi vc funds and startups has signed letters of commitment with six vc funds to invest over 133 million sar 500 million in them monshaat the general authority for small and medium enterprises the government entity that established svc announced in a statement today adding that the total size of these funds is 1 33 billion sar 5 billion.

Saudi venture capital company svc is a government venture capital established in 2018 part of the private sector stimulus plan pssp. 966 3 833 2876. Saudi arabia saw a record number of startup investments and total funding in 2019. Kingdom of saudi arabia.

2019 saw 71 startup investments take place in saudi arabia amounting to 67m in total funding according to magnitt s 2019 saudi arabia venture capital snapshot. Saudi venture capital company svc is a government vc established in 2018 by monshaat as part of the private sector stimulus program pss to stimulate venture investments in funds as well as co investing with angel groups for the primary goal of minimizing equity financing gaps for startups by investing sar 2 8 billion 750 million. Svcic is uniquely positioned to lead the development of the nascent venture capitalindustry in saudi arabia by providing unmatched levels of support for fundamentally strong small to medium enterprises smes that lack the necessary resources for growth and expansion. 2051064716 licensed by cma 1216537.

Al hizam al akhdar unit no. Copyright 2011 2018 saudi venture capital investment company commercial registration no. Saudi venture capital company svc is a government venture capital established in 2018 as a part of the private sector stimulus pss. Al khubar 34433 6079.