About STV
STV is a venture capital firm founded in 2017. It is primarily based out of Riyadh, Saudi Arabia. As of Feb 2025, STV is an active investor, having invested in 32 companies, with 3 new investments in the last 12 months. It primarily invests in Series A round in Saudi Arabia based startups. Its investments are spread across a wide range of sectors from Consumer to Retail and Enterprise Applications. Most recently it led the $9.7M Seed round of Buildnow along with .
Overall, STV portfolio has seen 2 unicorns and 2 acquisitions including key companies like Careem, Tabby and Tweeq. A lot of funds co-invest with STV, with names like VentureSouq sharing a substantial percentage of its portfolio.
STV has team of 15 people including 5 partners.
Key Metrics
Team Members
, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed &
Portfolio Acquisitions
Portfolio Unicorns
Tabby &
Portfolio Soonicorns
Deals in last 12 months
STV's Year-on-Year Investment Trends
STV has invested in 32 companies over the last 7 years, with an average of 4 new investments annually in the last 5 years. In 2024, it made 5 investments, while as of Feb 2025, it has made 3 investments in this year. Its most recent first time investment was in Buildnow and most recent follow-on round was in Tabby.
Year | No. of Investments | ||
---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 1 | 2 | 3 |
2024 | 2 | 3 | 5 |
2023 | 0 | 6 | 6 |
2022 | 5 | 5 | 10 |
2021 | 11 | 2 | 13 |
2020 | 4 | 2 | 6 |
2019 | 2 | 0 | 2 |
2018 | 4 | 0 | 4 |

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STV's Investments by Stage
STV has made 13 investments in Series A stage with an average round size of $17.3M, 8 investments in Seed stage with an average round size of $8.19M and 4 investments in Series B stage with an average round size of $24M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Series A | 13 |
Seed | 8 |
Series B | 4 |
Conventional Debt | 2 |
Series C | 1 |
Others | 1 |
STV's Investments by Sector
STV has a diverse portfolio, with companies operating in the Consumer, Retail, FinTech, Enterprise Applications and Food and Agriculture Tech. Notably, it has invested in 29 Tech companies, 18 Consumer (B2C) companies, 17 Enterprise (B2B) companies and at least 12 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Consumer | 12 |
Retail | 8 |
FinTech | 6 |
Enterprise Applications | 5 |
Food and Agriculture Tech | 5 |
Others | 33 |
STV's Investments by Geography
STV has made most investments in Saudi Arabia (17), followed by United Arab Emirates where it has made 9 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
Saudi Arabia | 17 |
United Arab Emirates | 9 |
Egypt | 2 |
Bahrain | 1 |
Jordan | 1 |
STV's recent investments
Here are the most recent investments by STV:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Feb 12, 2025 | United Arab Emirates | Series E | $160M | Blue Pool Capital [+2] | |
Feb 11, 2025 | Saudi Arabia | Seed | $9.7M | ||
Feb 11, 2025 | Saudi Arabia | Conventional Debt | Undisclosed | ||
Dec 30, 2024 | Bahrain | Series B | $25M | Nuwa Capital [+1] | |
Oct 23, 2024 | United Arab Emirates | Series A | $8M | AlRajhi Partners [+4] |
Unicorns in STV's Portfolio
Here is a list of unicorns in STV's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
---|---|---|---|---|---|---|---|
80 | Provider of purchase financing solutions for businesses | 2019 | Dubai | Series E | yindzbp | ||
57 | AI and SaaS-based platform for content creation | 2017 | Austin | Series A | tzwnyas |
Team profile of STV
STV has a team of 15 membersÌý¾±²Ô³¦±ô³Ü»å¾±²Ô²µ 5 Partners and 2 PrincipalsÌýlocated in Saudi Arabia and United Arab Emirates. STV's team does not sit on the board of any company as of now.Here is a list of top team members in STV:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Saudi Arabia | - | ||
Partner | United Arab Emirates | - | ||
Partner | Saudi Arabia | - | ||
Partner | Riyadh | - | ||
Partner | United Arab Emirates | - | ||
Principal | Saudi Arabia | - | ||
Principal | Dubai | - | ||
Advisor | Riyadh | - | ||
Associate | Riyadh | - | - | |
Associate | Riyadh | - | ||
Associate | Riyadh | - | - |
Co-investors of STV
Over the past 7 years, 194 investors have co-invested in STV's portfolio companies.
- Invested before STV:ÌýRaed Ventures, 500 Global and 81 others have invested in rounds before STV. There are 8 companies where Raed Ventures has invested before STV and 6 companies where 500 Global has invested before STV.
- Top Co-investors of STV:Ìý53 investors entered a company along with STV. These include investors like VentureSouq (5 companies).
- Invested after STV:ÌýA total of 58 investors have invested in STV's portfolio after their investments. Top Investors include Endeavor (3 companies), Sanabil (3 companies) and Partners For Growth (2 companies).

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