نورهان فؤاد
- SIC has made a strategic investment in Khwarizmi Ventures Fund II, supporting industrial innovation and strengthening the venture capital ecosystem in Saudi Arabia and the wider GCC.
- Khwarizmi Ventures will continue backing more than 20 early-stage startups, with investments ranging from $1 million to $5 million across Seed and Series A rounds.
- The partnership gives SIC early access to emerging technologies, while supporting Khwarizmi Ventures’ mission to empower founders building scalable, technology-driven solutions that contribute to Saudi Arabia’s digital transformation.
Saudi Industrial Investment Company SIC has announced a strategic investment in Khwarizmi Ventures Fund II, marking a new partnership aimed at accelerating industrial innovation and strengthening the venture capital ecosystem in Saudi Arabia and the wider GCC region.
The partnership reflects a shared commitment to supporting early-stage technology companies and enabling scalable, technology-driven solutions that can contribute to Saudi Arabia’s digital transformation and long-term industrial competitiveness.
Through its second fund, Khwarizmi Ventures will continue to support more than 20 early-stage startups, with investments ranging from $1 million to $5 million across Seed and Series A rounds. The fund will focus on promising sectors with strong potential for growth and scalability.
For SIC, the partnership supports its strategy to expand across diverse asset classes, while providing early access to technologies that could help shape the future of industrial competitiveness. For Khwarizmi Ventures, the investment reinforces its mission to empower founders building technology companies and tech-enabled solutions that can scale and contribute to the Kingdom’s digital transformation.
The partnership between SIC and Khwarizmi Ventures also highlights the growing role of venture capital in supporting startups, driving innovation, and building a more resilient and globally competitive ecosystem.
Khwarizmi Ventures Capital Fund II is managed by Khwarizmi Capital, a company licensed by the Saudi Capital Market Authority under license number 23255-02.
