by: TN Media News Riyadh: Saudi Venture Capital (SVC) has announced a $15 million investment in Saqr Fund II, a venture capital fund managed by Vision Ventures. The fund, with a target size of $90 million, is focused on supporting early-stage startups across Saudi Arabia and the broader MENA region.
Saqr Fund II will invest in companies ranging from pre-seed to pre-series B, following a sector-agnostic approach to encourage innovation and entrepreneurship.
Dr. Nabeel Koshak, CEO and Board Member of SVC, stated the investment aligns with SVC’s mission to catalyze venture capital and reduce barriers for fund managers investing in high-growth Saudi startups.
The move is part of Vision 2030, Saudi Arabia’s strategic plan to drive economic diversification, boost innovation, and build a sustainable startup ecosystem.
Kais Al-Essa, Founding Partner and CEO of Vision Ventures, welcomed SVC’s continued support, highlighting their role as an anchor investor. He emphasized the fund’s capability to deliver strong returns and support startup teams through hands-on mentorship and experience.
The investment is expected to accelerate startup development, enhance regional innovation, and foster economic growth across multiple sectors.
