The Saudi Venture Capital Company (SVC) was founded in 2018 and is a subsidiary of the Small and Medium Enterprises Bank within the National Development Fund. It invests in venture capital, private equity and debt funds, and also invests directly.
About Saudi Venture Capital Company (SVC)
SVC aims to stimulate financing for startups and small and medium enterprises from pre-seed to pre-IPO, through fund investments and direct investment. It says it has invested in 65 private funds, which in turn invested in more than 1,000 startups and businesses. Its total committed capital reached SAR 4.5 billion according to its report published in 2026, and it took part directly in rounds such as Tabby's Series D extension.
Essentially a government fund of funds. The main funds it has invested in include Saqr II from Vision Ventures. The number of funds and the capital figures change with each annual report.
What it invests in
- Stages
- Pre-seed, Seed, Series A, Series B, Growth
- Sectors
- All sectors
- Fund size (Committed capital of SAR 4.5 billion)
- $1.2B (2026-03) Source
- Among the fund’s investors
- SME Bank, National Development 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
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
Lean Technologies
Open banking and payments infrastructure that connects financial apps to banks through a single API
- Stage
- Series B
- Raised
- $104M
- 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
Erad
Shariah-compliant financing for small and medium businesses based on their sales data, with repayment that follows their revenue
- Stage
- Series A
- Raised
- $40.4M
- Founded
- 2022
- City
- Riyadh
Lucidya
A Saudi AI-powered customer experience management platform that analyzes Arabic content across its dialects
- Stage
- Series B
- Raised
- $37.1M
- Founded
- 2016
- City
- Riyadh
HyperPay
An online payment gateway for stores that accepts mada, Visa, Mastercard and Apple Pay, with expense cards for companies
- Stage
- Series B
- Raised
- $36.8M
- Founded
- 2014
- City
- Riyadh
Team
- Nora AlsarhanCEO & Board Member