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Saudi Venture Capital has $293.2mln investments in 20 funds

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Saudi Venture Capital has $293.2m investments in 20 funds

RIYADH: The Saudi Venture Investment Company (SVC) has investments worth SR1.1 billion ($293.2 million) in 20 funds, the company told Al Eqtisadiah. Some 116 Saudi startups have been backed since the company was established in 2018 until the end of the third quarter of 2021, it said. SVC signed letters of commitments with six VC funds in April, during the financial sector ....

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