{"id":37746,"date":"2024-12-16T18:07:33","date_gmt":"2024-12-16T15:07:33","guid":{"rendered":"https:\/\/entarabi.com\/?p=37746"},"modified":"2024-12-16T18:11:30","modified_gmt":"2024-12-16T15:11:30","slug":"svc-injects-investments-into-mevp-fund-to-empower-startups","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/12\/svc-injects-investments-into-mevp-fund-to-empower-startups\/","title":{"rendered":"SVC Injects Investments into MEVP Fund to Empower Startups"},"content":{"rendered":"<p dir=\"ltr\">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).<\/p>\n<p dir=\"ltr\">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.<\/p>\n<p dir=\"ltr\">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).<\/p>\n<p dir=\"ltr\">The ultimate goal is to establish thriving tech companies on both the local and regional levels.<\/p>\n<p dir=\"ltr\">Dr. Nabeel Koshak, CEO and Board Member of SVC, stated that the investment is part of the company\u2019s strategy to support funds targeting early-stage Saudi startups, ensuring their progression to advanced growth stages.<\/p>\n<p dir=\"ltr\">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.<\/p>\n<p dir=\"ltr\">These investments have also attracted $1.1 billion in co-investments, significantly boosting foreign direct investment (FDI) inflows into the Kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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).<\/p>\n","protected":false},"author":11,"featured_media":37747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1772],"tags":[6299,3253],"class_list":["post-37746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-mevp-en","tag-svc"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/37746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=37746"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/37746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/37747"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=37746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=37746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=37746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}