Saudi Venture Capital Company

Established in 2018, the Saudi Venture Capital Company (SVC) is a government-backed venture capital firm dedicated to fostering economic growth by investing in a wide array of sectors. Operating under the Private Sector Stimulus Program, SVC aims to bridge the equity funding gap for startups and small and medium-sized enterprises (SMEs) in Saudi Arabia and the broader Middle East and North Africa (MENA) region. The firm has committed approximately $1 billion in investments, with total assets—including contributions from partners—reaching approximately $4.8 billion. SVC has supported 54 funds, which together have invested in over 800 startups and SMEs across key sectors such as e-commerce, fintech, healthcare, edtech, transport, and logistics.

SVC's investment strategy is characterized by a sector-agnostic and gap-oriented approach, focusing on minority stakes in startups to align with venture capital best practices. The firm emphasizes balancing economic impact with financial success, prioritizing national mandates, and focusing on local investments. SVC's programs include investments in venture capital funds to catalyze venture capital investments and lower the barriers to entry for fund managers, as well as co-investments with angel investor groups to stimulate seed-stage investments in startups.

In 2023, SVC launched an $80 million fintech-focused venture capital fund in partnership with the Capital Market Authority and the Financial Sector Development Program to encourage regional and global funds to invest in Saudi fintechs. This initiative underscores SVC's commitment to developing the venture capital and private equity ecosystem in Saudi Arabia, aiming to catalyze financing for startups and SMEs. The firm's strategic focus on sectors such as fintech aligns with Saudi Arabia's Vision 2030 goals to diversify the economy and promote innovation.

SVC's role in expanding Saudi Arabia's private capital ecosystem has been pivotal, contributing to record growth in venture capital, private equity, venture debt, and private credit markets since its inception. The firm's investments have not only supported the growth of numerous startups and SMEs but have also played a significant role in positioning Saudi Arabia as a leading destination for venture capital investments in the MENA region. In 2024, Saudi Arabia secured $750 million in venture capital funding, maintaining its position as the top destination for VC investments in the region for the second consecutive year.

SVC's commitment to fostering a robust venture capital ecosystem is evident in its strategic investments and partnerships, aiming to create a sustainable and diversified economic landscape in Saudi Arabia and the broader MENA region. The firm's focus on sectors such as fintech, healthcare, and education reflects its dedication to supporting industries that are pivotal to the region's economic development and technological advancement. Through its investments, SVC continues to play a crucial role in driving innovation, creating jobs, and enhancing the overall economic competitiveness of Saudi Arabia and the MENA region.