SVC Invests in Global Ventures Fund to Support Entrepreneurship in MENA

The Saudi Venture Capital Company (SVC) has announced its investment in the third fund of “Global Ventures,” which exceeds $150 million.
This deal comes as part of efforts to enhance entrepreneurship and support startups in the region.
Dr. Nabeel Koshak, CEO of SVC, confirmed that this investment is part of a comprehensive strategy to strengthen the entrepreneurial ecosystem in the Kingdom. He emphasized the importance of supporting early-stage startups in order to achieve sustainable growth.
Dr. Koshak added that the new fund, with its specific focus, targets promising technological sectors, including supply chain modernization, innovative agricultural technologies, and cloud computing solutions for businesses.
The fund also covers the field of artificial intelligence applications and advanced technologies.
He explained that the fund’s investment scope aims to cover three key regions: the Kingdom of Saudi Arabia, the Middle East and North Africa (MENA), and Sub-Saharan Africa.
Earlier, “Global Ventures” funded over 60 startups across 10 different markets.
This deal is part of the efforts by SVC, established in 2018, to provide funding bridges that support startups from the idea stage to listing on the financial market, contributing to enhancing the Kingdom’s position as a leading regional hub for innovation and entrepreneurship.