Venture Capital Investments In Saudi Arabia To Reach $500 Million Annually By 2025

Venture capital investor STV is considering raising a second fund of at least $500 million.


Norshafa Wati

17 Oct, 2019

Venture Capital Investments In Saudi Arabia To Reach $500 Million Annually By 2025 | BEAMSTART News

- From our Sponsors -

Saudi Technology Ventures (STV), the largest venture capital fund in the Middle East unveiled its “STV Insight Report: How can Saudi Arabia grow their Venture Capital industry by 2025?” which outlines the current VC investment landscape in Saudi Arabia and the factors that could contribute to the country’s VC growth potential.

STV expects venture capital investments in Saudi Arabia alone are set to grow ten-fold over the next six years.

Abdulrahman Tarabzouni, chief executive of STV
“Appetite is growing … it can reach $2 billion of cumulative VC investment [between 2019 and 2025],” said Abdulrahman Tarabzouni, chief executive of STV.

STV started operations in 2017 with funding from Saudi Telecom Co., and run by ex-Google executive Abdulrahman Tarabzouni.

Abdulrahman Tarabzouni, chief executive of STV

Venture funding investments are said to be at a "positive inflection point" and are set to grow to $500 million annually by 2025.

“Saudi Arabia has a unique entrepreneurial spirit and Saudi youth have a stronger motivation towards tech entrepreneurship compared to their international peers. We believe that success stories such as Careem are fuelling optimism in the start-up space. With an increase in direct engagement, strong mentorship and acceleration programs being made available, we believe young Saudis can really kick-on and lead the start-up sector across the MENA region for the next decade,” said Abdulrahman.

- From our Sponsors -

Latest Jobs

Product Designer

PicnicHealth

California,

Full Time

USD 170000 — USD 205000 yearly

Software engineer, Tokyo

Aviator

Tokyo,

Full Time

USD 60000 — USD 110000 yearly

Backend Software Engineer (Rust)

Windmill

Île-de-France,

Full Time

USD 40000 — USD 90000 yearly

Product Engineer

Tab

England,

Full Time

USD 60000 — USD 80000 yearly

Full Stack Engineer (Americas)

Infisical

California,

Full Time

USD 60000 — USD 180000 yearly

Founding Design Engineer

Curo

California,

Full Time

USD 100000 — USD 150000 yearly

Founding Engineer

attimet

California,

Full Time

USD 100000 — USD 150000 yearly

Founding Engineer

Anglera

California,

Full Time

USD 130000 — USD 160000 yearly

Machine Learning Engineer

Hestus, Inc.

California,

Full Time

USD 110000 — USD 175000 yearly

Summer Software Engineering Intern

Rulebase

England,

Internship

USD 40000 — USD 65000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).