King Saud University invests in STV’s Total Growth Platform
- The investment arm of King Saud University “Riyadh Valley Company (RVC)” has invested an undisclosed amount in STV’s VC fund Total Growth Platform.
- The $150 million fund, launched in February, aims to fuel the growth of regional tech ventures through both equity and debt financing.
Riyadh Valley Company (RVC), the investment arm of King Saud University, announced its investment in the new Total Growth Platform launched by STV, the largest independent technology investment firm in the Middle East and North Africa (MENA).
This investment reflects Riyadh Valley Company’s strategy to invest in a balanced and diverse portfolio that aims to achieve the University’s objectives and contribute to the Kingdom’s 2030 Vision. This step only reaffirms RVC’s future vision to support the development of local technology and innovation as the Kingdom climbs the ranks of the most attractive emerging markets globally.
The Total Growth Platform aims to fuel the growth of regional tech ventures, by offering founders access to a suite of funding solutions, equity and debt, that serve their needs throughout their growth journeys.
The growth in MENA venture capital funding crossed $3 billion in 2022, The investment of Riyadh Valley Company in the Total Growth Platform aligned to support the entrepreneurship environment in Saudi Arabia and enable the commercialization of innovation in universities and technology hubs across the region.
Riyadh Valley Company is the investment arm of King Saud University focused on fields of knowledge economy and strategic projects. RVC is a strategic investor leveraging local capabilities and investing locally and globally in growth-stage businesses to create financial and strategic returns that will fulfil King Saud University's long-term goals and supports the future of economic development in Saudi Arabia.