Riyadh - Mubasher: Saudi Venture Capital (SVC) has invested in Khwarizmi Venture Capital Fund 2, managed by Khwarizmi Capital, an entity licensed by the Capital Market Authority (CMA).
The fund targets Seed-to-Series A investments in high-growth tech and tech-enabled startups, according to a press release.
It focuses on opportunities in fintech, e-commerce, and AI applications across various industries.
Deputy CEO and CIO at SVC, Nora Alsarhan, said: “Through these investments, we back Saudi fund managers who invest in early-stage startups and broaden funding options for founders building the next generation of high-growth Saudi companies.”
The Managing Partner of Khwarizmi Ventures, Abdulaziz Al Turki, noted: “With the support of SVC, we will continue to invest in exceptional founders, helping them build scalable companies that drive innovation, create economic value, and strengthen Saudi Arabia’s position as a leading hub for entrepreneurship and venture capital in the region.”
Established in 2018, SVC is a subsidiary of the SME Bank under the National Development Fund. The company aims to stimulate financing for startups and small and medium-sized enterprises (SMEs) across various growth stages, from pre-Seed to pre-IPO, through investments in venture capital funds as well as direct investments in startups and SMEs.
