Established in 2018, Saudi Venture Capital Company (SVC) is a government investment company based in Riyadh, Saudi Arabia. As a subsidiary of the SME Bank, one of the development banks affiliated with the National Development Fund, SVC is focused on stimulating and sustaining financing for startups and small and medium-sized enterprises (SMEs) from pre-seed to pre-IPO stages. With a total investment of $1.6 billion, SVC aims to develop the venture capital and private equity ecosystem in Saudi Arabia to catalyze financing for startups and SMEs. Specialized in financial services, the company is committed to balancing economic impact and financial success, prioritizing national mandate, and focusing on local investments.
SVC's vision is to create a thriving venture capital and private equity ecosystem in Saudi Arabia that supports the growth and development of startups and SMEs. By adhering to its principles, the company seeks to foster a strong and sustainable environment for businesses to flourish. These principles include balancing economic impact and financial success, prioritizing national mandate and focusing on local investments, and developing the overall venture capital and private equity ecosystem from pre-seed to pre-IPO stages.
To achieve its vision, SVC has developed two main programs: Investment in Funds and Co-Investment in Startups. The Investment in Funds program involves investing in venture capital, private equity, venture debt, private debt, startup studio, and accelerator funds. This program aims to provide businesses with the necessary resources and support they need to grow and succeed in the competitive market.
The second program, Co-Investment in Startups, focuses on co-investing with angel investors and venture capital fund managers in startups. This program enables SVC to collaborate with experienced and knowledgeable investors, helping startups in their early stages to secure the funding and support they need to grow and thrive.
By implementing these programs, SVC is playing a pivotal role in supporting the growth of the entrepreneurial ecosystem in Saudi Arabia. Through its investments and partnerships, the company is creating opportunities for startups and SMEs to access the resources they need to succeed in today's competitive market. Moreover, SVC's commitment to fostering a strong venture capital and private equity ecosystem in the country is contributing to the overall economic development of Saudi Arabia.
In conclusion, Saudi Venture Capital Company is a key player in shaping the future of the entrepreneurial landscape in Saudi Arabia. With its strong focus on supporting startups and SMEs, the company is making a significant impact on the country's economic growth and development. By investing in funds and co-investing in startups, SVC is paving the way for a thriving and sustainable venture capital and private equity ecosystem in Saudi Arabia.