Riyadh – Mubasher: Saudi Venture Capital (SVC) pumped investment in Global Ventures III, an early-stage venture capital fund managed by Global Ventures, with a fund size exceeding $150 million.
The fund aims to target investing in technology and tech-enabled sectors across Saudi Arabia, MENA, and Sub-Sahara Africa, according to a press release
It will focus mainly on supply chain tech, agritech, enterprise software as a service (SaaS), and emerging technologies, including AI and deep tech.
The CEO of SVC, Nabeel Koshak, said this investment aligns with “our strategy to catalyze venture investments by fund managers investing in Saudi-based startups, especially during their early stages."
In December 2024, SVC invested in Jadwa GCC Private Equity Fund 1 which aims to raise SAR 1.50 billion with a hard-cap of SAR 2 billion.
In line with its growth plans, the Saudi VC committed an investment in MEVP’s $150 million fund to support technology startups with high growth potential that will foster Saudi Arabia's economy.
SVC also announced an investment in Raed III L.P. to back the growth of promising startups across Saudi Arabia and the MENA region.
