– Saudi Venture Capital Company (SVC) has achieved remarkable growth since its inception in 2018, investing in 40 funds and over 700 startups and SMEs.

– SVC’s total investments amount to approximately USD 693.33 million, with an estimated total investment impact committed to around 13.6 billion Saudi riyals.

– Nabil bin Abdulqader Kushk, CEO of SVC, emphasizes the company’s commitment to supporting the private investment ecosystem and achieving the goals of Vision 2030 through diverse investment programs and products tailored to market needs.

Saudi Venture Capital Company (SVC) has reported record growth levels since its establishment in 2018, investing in 40 investment funds and over 700 startup companies and small to medium-sized enterprises (SMEs), according to a report published by SVC. 

The company’s total investments since inception amount to 2.6 billion Saudi riyals (approximately USD 693.33 million), with an estimated total investment impact committed to approximately 13.6 billion Saudi riyals, highlighting its significant contributions to the development of the private investment ecosystem in the Kingdom of Saudi Arabia.

SVC’s investment strategy has positioned Saudi Arabia as a leader in the region in terms of venture capital investment value in 2023, aligning with the economic and financial development goals outlined in Vision 2030.

Nabil bin Abdulqader Kushk, CEO of SVC, emphasized the company’s commitment to supporting the private investment ecosystem through the launch of diverse investment programs and products tailored to market needs.

These initiatives aim to enhance the role of private investors in supporting startups and SMEs, ultimately contributing to the goals of Vision 2030.

The report also highlighted a significant increase in venture capital investment in Saudi startups, which surged by 21 times to reach 5.2 billion Saudi riyals in 2023 compared to 2018, underscoring SVC’s rapid growth since its establishment.

With these achievements, SVC reaffirms its crucial role in supporting the national economy and advancing the sustainable development objectives of the Kingdom of Saudi Arabia.