Saudi Venture Capital Company Unveils SAR1 Billion in U.S. Joint Investments
Washington, D.C. The Saudi Venture Capital Company (SVC) announced joint investments worth SAR 1 billion across 17 venture capital, private equity, and private debt funds managed by 11 American fund managers. The move enhances economic partnership opportunities between the Kingdom and the United States and contributes to supporting the growth of technology and innovative companies in their late stages.
The agreements were signed in Washington, D.C., in the presence of SVC Chief Executive and board member Dr. Nabeel Koshak, along with Endeavor Catalyst Fund chief executive Linda Rottenberg and Valor Venture Fund chief executive Scott Sobel.
The step aligns with the Kingdom’s efforts to expand investment cooperation in strategic and promising sectors, foremost among them being advanced technologies, artificial intelligence, supply chains, and the digital economy. It is consistent with the objectives of Saudi Vision 2030 to build a diversified and sustainable economy that creates unique opportunities for the private sector.