STV
Riyadh-based venture capital firm, one of the largest technology investors in the Middle East
Overview
STV (Saudi Technology Ventures) is a venture capital firm founded in 2018 by Abdulrahman Tarabzouni and headquartered in Riyadh, Saudi Arabia. It was originally anchored by Saudi Telecom Company (stc) and now operates as an independently managed investment firm.
The firm has raised successive funds reported to total close to $1 billion in committed capital, and has backed regional technology companies including Careem (acquired by Uber), Tabby, Salla, Trella, Foodics and Lean Technologies.
STV has also launched a dedicated AI-focused fund, reported to be backed by Google, aimed at supporting AI-native startups across the MENA region, alongside its earlier growth-stage investment platform.
Areas of expertise
- Venture capital
- Growth-stage investment
- AI-focused fund
- Technology sector investment
Regional presence
Sources
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Dubai-headquartered venture capital firm investing in early- and growth-stage technology companies across the UAE and Saudi Arabia, with a track record including the Careem and Property Finder exits.
- Founded 2012
- 2 countries
Saudi Arabia’s sovereign wealth fund, the leading financier of the kingdom’s economic transformation, with major commitments in technology and artificial intelligence.
- 1 country
- 1000+ staff
Alternative investment firm headquartered in Abu Dhabi, regulated by the ADGM, investing venture capital and private credit into technology companies across the Middle East, North Africa and Pakistan.
- Founded 2017
- 4 countries