A bold investment

Riyadh Valley Company Invests in IMPACT46 Fund III

Riyadh Valley Company, the investment wing of King Saud University, has announced its investment in IMPACT46 Fund III.

The Objectives of IMPACT46 Fund III

The IMPACT46 Fund specializes in backing tech startups that pioneer innovative solutions capable of revolutionizing conventional business models. Its investment focus encompasses various sectors such as financial technology, e-commerce, and software-as-a-service, targeting companies across different developmental stages, from growth to pre-initial public offering (IPO). The fund’s primary scope is the Saudi Arabian market and the wider Middle East region.

The CEO’s Comment from Riyadh Valley Company

Dr. Khalid Al-Saleh, CEO of Riyadh Valley Company, emphasized, “Our investment in IMPACT46 Fund III aligns with Riyadh Valley’s proficiency in investments, fostering the local knowledge economy through collaborations among academic and research institutions, the corporate sector, and investment entities within Saudi Arabia. Notably, the venture capital landscape in the Kingdom has experienced substantial growth in the first half of 2023, with Saudi Arabia leading venture capital investments in the Middle East and North Africa, amounting to $446 million, representing 28% of the total investments. Moreover, the venture capital sector in the Kingdom has exhibited a remarkable compound annual growth rate (CAGR) of 108% from 2019 to 2022, surpassing the $1 billion mark.”

Riyadh Valley Company Invests in IMPACT46 Fund III

The investment of Riyadh Valley Company in the IMPACT46 Financial Fund

Abdulaziz Al-Omran, Co-founder and CEO of IMPACT46, expressed appreciation for Riyadh Valley Company’s backing of their fund in IMPACT Fund III, stating, “We are delighted with Riyadh Valley’s support for our fund that concentrates on investing in technology firms offering innovative solutions to address societal and economic challenges across diverse sectors. We remain committed to identifying outstanding opportunities that generate significant returns for our investors. Our previous funds have facilitated investments exceeding SAR 650 million in over 35 technology startups.”

Riyadh Valley Company’s investment in IMPACT46 Fund III intends to support local and global startups while constructing a well-rounded investment portfolio that aligns with the objectives of King Saud University and contributes to realizing the aspirations of Saudi Vision 2030 in advancing the knowledge-based economy.

About Riyadh Valley Company

Riyadh Valley Company was established in 2010 in accordance with Royal Decree No. 116 dated 13/4/1431 AH, aiming to become the primary investment entity affiliated with King Saud University in the fields of the knowledge economy and the execution of the university’s strategic projects.

Vision:

  • The company’s vision is to be a regional leader in knowledge-based investment and technology transfer.

Mission:

  • Riyadh Valley Company is considered a strategic investor focusing on leveraging local capabilities. It emphasizes investment on both local and international levels in startups and growth-stage companies, aiming to create financial and strategic returns that enhance economic growth in the Kingdom.

Objectives:

  • Riyadh Valley Company seeks effective contribution to the development of the knowledge economy by enhancing collaboration among educational and research institutions and the business community. This is achieved through investments in joint projects that bolster practical experiences for university students and faculty members.

Based on the foregoing, Riyadh Valley Company emerges as a fundamental cornerstone in the economic and investment landscape. It passionately endeavors to promote innovation, support startups, and develop the knowledge economy. Through its visionary outlook and clear mission, Riyadh Valley Company aims to achieve ambitious strategic objectives that contribute to the growth and prosperity of the Kingdom.

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