Riyad Taqnia Fund
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Seed, Early Stage, Series A, Series B, Growth
Geographical Focus
United States, United Kingdom, Canada, Germany, Japan, Australia, Singapore, China, India, Brazil, France, United Arab Emirates, Mexico, Indonesia, South Korea, Global, Saudi Arabia, Egypt, Tunisia, Libya, Morocco, Algeria, Turkey, South Africa, Russia, Malaysia, Mauritania, Gulf Cooperation Council
Industries Focus
- Technology
- Healthcare
- Energy
- Education
- FinTech
- E-commerce
- Logistics
- Artificial Intelligence
- Consumer Technology
- Sustainability
- Payments
- Industrial Technology
- Advanced Materials
- Cloud Solutions
- Home Maintenance
- Social Media Analytics
- Mobile Payments
- Energy & Sustainability
- Information & Communications Technology
- Retail systems
- Information & Communications Technology (ICT)
Investment Size:
1,000,000 to 50,000,000 USD
Investor Details
Riyad Taqnia Fund (RTF) is a venture capital fund established by Riyad Capital and TAQNIA, investing in technology startups worldwide. The fund focuses on seed through Series B opportunities, aiming to achieve high returns for investors. It is backed by leading institutional investors in Saudi Arabia and invests in sectors such as Information & Communications Technology (ICT), Energy & Sustainability, and Advanced Materials.
The fund's investment strategy involves sourcing and investing in a portfolio of Saudi, GCC-based, and international technology companies. Its primary objective is to generate profitable returns for investors while facilitating the development and transfer of cutting-edge technology and related knowledge to the Kingdom of Saudi Arabia. The fund's size is SAR 450 million, with a term of 10 years and an investment period of 5 years.
RTF's portfolio includes companies like Dokkan Afkar, an e-commerce platform; Trukker, a logistics company; Sure, a technology firm; B8ak, a home maintenance service; Unifonic, a cloud communications company; Haseel, an online grocer; Mile, a logistics platform; and Arabot, an AI chatbot service. These investments reflect the fund's commitment to supporting innovative technology solutions across various sectors.
Requirements
- Investments primarily in early-stage technology companies
- Focus on sectors including ICT, Energy & Sustainability, and Advanced Materials
- Individual investments ranging from $2 million to $5 million
- Geographical focus on Saudi Arabia, GCC countries, and select international markets
- Interest in sectors such as e-commerce, cloud solutions, fintech, logistics, and technology
- Preference for companies with innovative solutions addressing local and regional challenges
- Alignment with the fund's mission to transfer cutting-edge technology to Saudi Arabia
- Commitment to generating profitable returns for investors
- Willingness to support the development and growth of portfolio companies
- Openness to collaboration with leading institutional investors in Saudi Arabia
Contact
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