STV is a venture capital firm based in Riyadh, founded in 2018 with backing from stc and operating independently of it. It invests in tech companies in the Middle East and North Africa from founding to growth. Its portfolio includes Tabby, Foodics and Salla.
About STV
STV launched with $500 million in capital from the Saudi Telecom Company (stc), to be run independently of it, and is led by its founder and CEO Abdulrahman Tarabzouni. In 2023 it launched the STV Total Growth platform with initial commitments of more than $150 million, anchored by the National Technology Development Program, including a Sharia-compliant venture debt instrument called “Tanami”. In 2025 it launched a $100 million AI fund backed by Google that invests in early-stage startups.
Launched by stc in 2017 with $500 million in capital, to operate independently. We found no source confirming that stc's institutional investment arm was merged into STV. stc's institutional arm is currently Tali Ventures (launched 2024), which is a separate entity. Google has not disclosed the size of its contribution to the AI fund ($100 million, 2025).
What it invests in
- Stages
- Seed, Series A, Series B, Growth
- Sectors
- All sectors
- Fund size (Committed capital (approximate))
- $1B (2023) Source
- Among the fund’s investors
- stc, National Technology Development Program (Total Growth), Google (AI Fund)
From its portfolio
Tabby
A buy now, pay later app: shoppers split purchases into interest-free installments, and merchants get paid in full up front.
- Stage
- Growth
- Raised
- $814M
- Founded
- 2019
- City
- Riyadh
Nana
A grocery and everyday-orders delivery app in Saudi Arabia that started with supermarket shopping, then moved to warehouses inside neighborhoods
- Stage
- Series C
- Raised
- $207M
- Founded
- 2016
- City
- Riyadh
Foodics
A cloud-based restaurant management system: POS, inventory, kitchen, orders, payments and financing on one platform.
- Stage
- Series C
- Raised
- $198M
- Founded
- 2014
- City
- Riyadh
Floward
A platform for delivering flowers and gifts across the Gulf, with in-house arranging and a refrigerated delivery fleet
- Stage
- Series C
- Raised
- $186.3M
- Founded
- 2017
- City
- Riyadh
TruKKer
A digital platform for trucking freight that connects companies with truck owners in the Gulf and the region
- Stage
- Series C
- Raised
- $170.4M
- Founded
- 2016
- City
- Riyadh
Unifonic
A Saudi platform for companies to reach their customers through messages, WhatsApp, calls, verification codes and AI agents
- Stage
- Series B
- Raised
- $146M
- Founded
- 2006
- City
- Riyadh
Salla
A Saudi platform for building online stores in Arabic with no coding, for individual merchants and companies.
- Stage
- Pre-IPO
- Raised
- $138.5M
- Founded
- 2016
- City
- Makkah
Sary
A B2B online marketplace connecting grocery stores and restaurants with wholesalers, with a pay-later option
- Stage
- Series C
- Raised
- $112.1M
- Founded
- 2018
- City
- Riyadh
Calo
Healthy meal subscriptions with calories and protein calculated for each customer's goal, cooked and delivered daily
- Stage
- Series B
- Raised
- $90.5M
- Founded
- 2019
- City
- Riyadh
Noon Academy
A social learning platform for school students that combines live classes, group study, and preparation for the Qudurat and Tahsili exams
- Stage
- Series B
- Raised
- $62.4M
- Founded
- 2013
- City
- Riyadh
Mrsool
A Saudi delivery app where you order anything from any store, and couriers bid with delivery price quotes
- Stage
- Pre-IPO
- Raised
- Undisclosed
- Founded
- 2015
- City
- Riyadh
Team
- Abdulrahman TarabzouniFounder & CEO
- Ahmad AlNaimiGeneral Partner
- Mazin AlzaidiGeneral Partner
- Ihsan JawadGeneral Partner
- Luca BarbiGeneral Partner & COO