Saudi Venture Capital invests in SEEDRA

This collaboration aims to focus on investing in early-stage startups, in addition to investing in a “Startup Studio” programme

  
The King Fahd highway in Riyadh, Saudi Arabia. Image use for illustrative purpose

The King Fahd highway in Riyadh, Saudi Arabia. Image use for illustrative purpose

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Riyadh – Saudi Venture Capital Company (SVC) announced its investment in SEEDRA Ventures Fund, according to an official statement.

This collaboration aims to focus on investing in early-stage startups, in addition to investing in a “Startup Studio” programme, which contributes to deal flow creation of high-growth startups.

SEEDRA Ventures is licensed by the Capital Market Authority (CMA).

The Saudi government venture capital (SVC) was established in 2018 by Monshaat as part of the Private Sector Stimulus Program (PSS). It helps stimulate venture investments by investing in funds as well as co-investing with angel groups to mainly minimise equity financing gaps for startups as well as small and medium-sized enterprises (SMEs) by investing SAR 2.8 Billion ($750 million).

Source: Mubasher

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