Saudi Venture Capital invests $15mln in Vision Ventures' Saqr Fund II
10/15/24, 2:01 PM
Location
riyadhMoney
$15 million
Industry
angel investment
fintech
finance
financial services
Type
partnership
Saudi Venture Capital (SVC) has announced an investment of $15 million in Saqr Fund II, a venture capital fund managed by Vision Ventures. The fund aims to invest in early-stage startups from pre-seed to pre-series B with a sector-agnostic approach in Saudi Arabia and the MENA region.
Company Info
Location
riyadh, riyadh region, saudi arabia
Additional Info
SVC is an investment firm established in 2018 and is a subsidiary of the SME Bank, one of the development banks of the National Development Fund (NDF). SVC aims to stimulate and develop financing solutions for startups and SMEs from pre-Seed to pre-IPO by investing $3 billion through investment in Private Capital funds (Venture Capital, Private Equity, Venture Debt, Private Debt) and co-investment in startups and SMEs.
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