Saudi Arabia: Saudi Venture Capital Company (SVC) today unveiled its much-anticipated “Impact Report,” highlighting the company’s significant role in the growth and development of Saudi Arabia’s private capital ecosystem. The report underscores SVC’s pivotal contributions in advancing Venture Capital (VC), Private Equity (PE), Venture Debt, and Private Debt in the Kingdom since its establishment in 2018.
According to the report, SVC has committed a total of $1.0 billion in investments since its inception. With the inclusion of its partners, the total investment inflows to date have reached an estimated $4.8 billion. This funding has been directed toward 54 funds, which have collectively invested in over 800 startups and small and medium-sized enterprises (SMEs). Key sectors benefiting from SVC’s investments include e-commerce, fintech, healthcare, education technologies, transportation, and logistics.
The report also highlights SVC’s critical role in establishing Saudi Arabia as the leader in VC funding in the MENA region for the second consecutive year. This achievement strengthens the Kingdom’s economic leadership and reflects ongoing progress under Saudi Vision 2030, which aims to diversify the economy and fortify various sectors, thereby fostering a resilient financial ecosystem.
“SVC’s strategy has been crucial in driving investment activity within Saudi startups and SMEs, expanding the investor base, and encouraging both regional and global funds to consider Saudi Arabia as a prime investment destination,” the report states. Additionally, the company’s efforts have helped establish new VC and PE funds, further contributing to the growth of the private capital market in the Kingdom.
SVC has also launched several developmental programs to enhance the capabilities of Saudi Arabia’s private capital ecosystem. Developed in collaboration with local and international partners, these initiatives focus on strengthening the skill sets of fund managers and investors. Moreover, SVC has supported the creation of market insights reports, aiding data-driven decision-making for investors.
Dr. Nabeel Koshak, CEO and Board Member of SVC, commented on the findings of the report, reaffirming the company’s ongoing commitment to enhancing Saudi Arabia’s investment landscape. “We are dedicated to further stimulating the private capital ecosystem in Saudi Arabia by launching investment programs and initiatives based on an in-depth analysis of the ecosystem’s needs, while adopting regional and global best practices. This approach will continue to diversify the national economy and contribute to the objectives of Saudi Vision 2030,” he said.
Established as a subsidiary of the SME Bank and part of the National Development Fund, SVC’s mission is to support the growth of startups and SMEs in Saudi Arabia. The company focuses on providing financing at various stages, from pre-seed to pre-IPO, through investments in venture capital, private equity, venture debt, private credit funds, and direct investments in emerging companies.
As Saudi Arabia continues to strengthen its economic foundation, SVC’s report underscores the company’s transformative role in shaping a sustainable and dynamic private capital ecosystem that will drive the Kingdom’s ambitions for decades to come.
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