Saudi Venture Capital (SVC) has invested in SEEDRA Ventures Fund II, a venture capital fund targeting early-stage, high-growth technology startups in Saudi Arabia. The investment amount was not disclosed. SEEDRA Ventures confirmed that Fund II was oversubscribed.
The fund, managed by the Capital Market Authority-licensed SEEDRA Ventures — founded in 2019 — is sector-agnostic but geared toward technology and tech-enabled companies. Target sectors include artificial intelligence, fintech, proptech, SaaS, and logistics, with capital deployed primarily at the early stages of growth.
SVC’s commitment aligns with its strategy of bridging institutional capital to Saudi founders from the pre-seed stage through pre-IPO. For global limited partners and corporations tracking the Gulf’s tech maturation, the backing of a specialist early-stage manager by the country’s primary fund-of-funds signals a deliberate effort to deepen the capital stack below the growth equity that has dominated recent regional headlines.
Nora Alsarhan, CEO at SVC, said: “Early-stage venture capital investment is where Saudi Arabia's founders meet their first institutional partners, and the depth of that segment shapes what follows. Our investment in SEEDRA Ventures Fund II supports a manager focused squarely on backing Saudi technology founders at that critical stage, expanding the specialised capital available to them and reinforcing the private-sector engine of Vision 2030.”
Haitham Alforaih, Managing Partner of SEEDRA Ventures, added that Saudi Arabia is producing some of the most ambitious founders and compelling venture opportunities in the region. SVC's investment, alongside the strong demand that resulted in Fund II being oversubscribed, reinforces our conviction in the market and our ability to identify exceptional entrepreneurs early in their journey.
Through Fund II, we will partner with founders as they scale their businesses by providing capital, expertise, and strategic access to our network, while maintaining a disciplined approach to delivering attractive long-term returns for our investors.
