STV
Saudi robo-advisory firm Abyan Capital secures $18 million in Series A
Abyan Capital, the first robo-advisory company to launch in Saudi Arabia, today announced the closing of a SAR 68 million (USD 18 million) Series A round led by STV with participation from Wa’ed...
Tabby raises $58 million in its Series C round
Tabby has raised $58 million from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst in a Series C round which values the company at $660 m...
Saudi fintech company Manafa secures SAR 106 million in Series A round
Leading Saudi fintech company Manafa has announced the closing of its Series A round of SAR 106 million (US$28 million) led by STV and Wa’ed Ventures, the venture capital arm of Saudi Aramco.
School fees app, zenda, raises $9.4m seed round
zenda, MENA’s first fintech app for families has announced it has secured a $9.4m oversubscribed seed round. zenda currently addresses pain points around the payment of school fees – in particul...
FOODICS raises $170 million for expansion
FOODICS has successfully raised $170 million in a Series C funding round led by Prosus, one of the largest global technology investors in the world, and Sanabil Investments, a PIF-owned investment com...
Saudi Arabia based F&B startup, FOODICS raises $20 m
FOODICS, the F&B tech startup based in Saudi Arabia, has announced it has successfully raised US$20 million (SAR 75mil) in a Series B funding round led by Sanabil Investments, a firm wholly owned ...
VC investments in Saudi Arabia to reach $500m annually by 2025
Saudi Technology Ventures (STV), the largest venture capital fund in the Middle East unveiled today its “STV Insight Report: How can Saudi Arabia grow their Venture Capital industry by 2025?”. The Rep...
Noon Academy raises $8.6mln in series A round
Noon Academy, an online learning platform that operates throughout the Middle East, announced today that it has raised $8.6 million in series A funding. The round was co-led by Raed Ventures and STV w...