STV (Saudi Technology Ventures) is the largest venture capital firm in the Middle East, based in Riyadh and anchored by stc (Saudi Telecom Company). It backs and scales disruptive technology startups across the MENA region, with a recent focus on AI-native companies.
Deal activity decreased year-over-year (1 deal in the last 12 months vs 4 prior). Average disclosed round size is $60.5M (across 47 rounds with reported amounts).
Portfolio
31
Fund Size
$100M
Top Stage
Series A
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
53 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Stake | Series B | $31M | Feb 2026 |
 Calo Inc. | Series B | $39M | Jul 2025 |
 Tabby | Series E | — | Feb 2025 |
 BuildNow | Seed | $10M | Feb 2025 |
 Tabby | Series E | — | Feb 2025 |
| Calo Inc. | Series B | $39M | Jan 2025 |
 Intelmatix | Series A | $20M | Jul 2024 |
| Tabby | Series D | $250M | Jan 2024 |
| Tabby | Series D | $200M | Oct 2023 |
| Tabby | Series B | $58M | Jan 2023 |
| FFloward | Series C | $156M | Jan 2023 |
| Tabby | Series D | $200M | Jan 2023 |
 Manafa | Series A | $28M | Dec 2022 |
 Zenda | Seed | $9.4M | Apr 2022 |
 Qlub | Seed | $17M | Jan 2022 |
 Nana | Unknown | $50M | Jan 2022 |
 Sary | Series C | $75M | Dec 2021 |
 Opontia | Series A | $42M | Dec 2021 |
| Tabby | Series B | $50M | Jun 2021 |
 Foodics | Series B | $20M | Feb 2021 |
| FFloward | Series B | $27.5M | Jan 2021 |
 Wajeez | Series A | $3M | Jan 2021 |
 spiderSilk | Series A | $2.3M | Jan 2021 |
 Noon Academy | Series A | $8.6M | Jan 2020 |
| Nana | Series B | $18M | Jan 2020 |
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Top Co-Investors
Endeavor20 shared
Wa'ed Ventures8 shared
Arbor Ventures7 shared
Shorooq Partners6 shared
Mubadala Investment Company6 shared
PayPal Ventures6 shared
Global Founders Capital5 shared
VentureSouq5 shared
Wellington Management5 shared
Mubadala Ventures5 shared
Sanabil Investments5 shared
500 Global5 shared
Khwarizmi Ventures4 shared
Blue Pool Capital4 shared
Delivery Hero3 shared
Kingdom Holding Company3 shared
BECO Capital3 shared
Investcorp3 shared
ADQ3 shared
Last updated: 20 October 2026