SVC Injects Investments into MEVP Fund to Empower Startups

The Saudi Venture Capital Company (SVC) has announced its investment in the Middle East Venture Fund IV, a $150 million fund managed by Middle East Venture Partners (MEVP).
This fund focuses on empowering high-potential tech startups with the capacity to create a sustainable and positive impact across multiple sectors in the Saudi economy.
It aims to support startups at various stages of growth, from early-stage development to advanced phases such as Series A, Series B, and eventually leading to an Initial Public Offering (IPO) or exit strategies (EXIT).
The ultimate goal is to establish thriving tech companies on both the local and regional levels.
Dr. Nabeel Koshak, CEO and Board Member of SVC, stated that the investment is part of the company’s strategy to support funds targeting early-stage Saudi startups, ensuring their progression to advanced growth stages.
Since entering the Saudi market in 2012, MEVP has invested over $50 million in leading Saudi tech startups, contributing to the creation of more than 12,000 jobs.
These investments have also attracted $1.1 billion in co-investments, significantly boosting foreign direct investment (FDI) inflows into the Kingdom.