نورهان فؤاد
- Riyadh Valley, the investment arm of King Saud University, invests in Abies Ventures Fund II in Japan.
- The fund focuses on deep tech startups in robotics, communications, processing technologies, and advanced materials.
- The investment supports knowledge economy growth and aligns with Saudi Vision 2030 goals.
Riyadh Valley, the investment arm of King Saud University, announced its investment in Abies Ventures Fund II, a Japan-based venture capital fund founded in Tokyo in 2017. The fund specializes in investing in startups built on advanced and deep technologies, particularly in the fields of robotics, processing technologies, communications, and advanced materials.
Commenting on the announcement, Dr. Khalid bin Saad Al-Saleh, CEO of Riyadh Valley, said:
“Riyadh Valley’s investment in Abies Ventures Fund II falls within the company’s scope of investments and contributes to strengthening the knowledge economy. The fund achieved outstanding performance in its previous cycle and operates in the Japanese market, which is considered one of the top three global venture capital markets. Japan has led global venture capital deals and its market is currently witnessing a dynamic phase driven by government support and private investors.”
This investment reflects Riyadh Valley’s strategy to build a balanced investment portfolio that supports the objectives of King Saud University and contributes to the realization of Saudi Vision 2030, particularly in advancing the knowledge economy and innovation in technology sectors.
