Riyadh - Sharikat Mubasher: Saudi Ventures Capital (SVC) announced its investment in SEEDRA Ventures Fund II, an early-stage Saudi VC fund that focuses on early-stage, high-growth startups.
The investment reinforces SVC’s position as a market maker in Saudi Arabia’s venture capital ecosystem, enabling fund managers supporting early-stage Saudi startups, the company announced in a statement today.
SEEDRA Ventures Fund II, managed by SEEDRA Ventures, aims to foster innovation, support entrepreneurs, and generate impactful economic value across various sectors, targeting technology and tech-enabled startups, including AI, FinTech, and Proptech.
Nora Alsarhan, CEO at SVC, said: “Our investment in SEEDRA Ventures Fund II supports a manager focused squarely on backing Saudi technology founders at that critical stage, expanding the specialized capital available to them and reinforcing the private-sector engine of Vision 2030.”
In turn, Haitham Alforaih, Managing Partner of SEEDRA Ventures, commented: “SVC's investment, alongside the strong demand that resulted in Fund II being oversubscribed, reinforces our conviction in the market and our ability to identify exceptional entrepreneurs early in their journey. Through Fund II, we will partner with founders as they scale their businesses by providing capital, expertise, and strategic access to our network, while maintaining a disciplined approach to delivering attractive long-term returns for our investors.”
The investment aligns with SVC’s broader strategy to stimulate and sustain financing for startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.
