Riyadh –  MENA-focused independent investment firm STV has launched its Total Growth platform to drive the growth of tech firms in the region through both equity and debt, according to a press release.

Backed by Saudi National Technology Development Program (NTDP), the new entity aims to endorse tech ventures with more than $150 million in initial commitments.

Meanwhile, STV Total Growth will provide founders with access to a range of funding solutions that meet their needs throughout their growth journey.

The investment firm announced the debt and equity funding platform during the LEAP 2023 event, which is being held at Riyadh Front Exhibition and Conference Centre during 6-9 February 2023.

Established in 2018 by Abdulrahman Tarabzouni, STV backed a total of 30 fast-growing companies.

According to a recent report, the firm expected that the MENA region is set to develop 45 unicorns by 2030, with a $100 billion value opportunity. It also predicted the emergence of the coming tech alpha from the MENA region to the globe.

All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).