SVC invests $27M in Sadu Capital, which is a B2B focused capital

The Saudi Venture Capital Co. has announced an investment in Sadu Capital’s early-stage fund that aims to invest in fast-growing technology companies in the Kingdom and the Middle East.

Licensed by the Capital Market Authority, the fund’s size is $27 million, Sadu Capital Chief Executive Officer, Quasi Al-Saif, told Arab News.

The early-stage Sadu Fund invests in companies in the pre-incorporation, incorporation and investment round “A” stages, according to a statement issued on Sunday.

It invests in entrepreneurs that provide services or products to the corporate sector (B2B).

Saudi Arabia experienced a 270% increase in the value of its bold investments in 2021. The number of deals increased by 54 percent over the previous year.

This comes within Saudi Venture Capital’s program aimed at stimulating and supporting investment in emerging companies, according to its Chief Executive Officer, Nabeel Koshak.

Koshak reiterated his company’s keenness to stimulate the venture capital environment in the kingdom and to cover the current financing gaps for emerging companies.

 

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