Riyadh - Sharikat Mubasher: Saudi-based Core Vision Investment Company acquired a major stake in VeFund, a leading AI-powered platform in the startup investment sector, the company announced in a statement.

This acquisition signals a milestone in Core Vision’s expansion into the startup community, reinforcing its portfolio with AI-driven technologies.

Through this collaboration, Core Vision will leverage VeFund's innovative AI technology to provide startups with the tools they need to thrive in a competitive landscape.

Faisal Al-Abdulsalam, Founder and CEO of Core Vision, will be the CEO of VeFund.

VeFund, founded by Mohamed Gaber and Ahmed Magdy, connects startups with investors seamlessly by providing crucial tools like an AI Survivability Index, valuation calculators, and extensive portfolio management solutions.

Commenting on the acquisition, Al-Abdulsalam said: “Our vision is to transform VeFund into a secondary market for startups, offering a platform for investors to trade safe notes, which is essential in contributing to the vibrancy of the startup community here in Saudi Arabia.”

Core Vision aims to foster entrepreneurs by providing invaluable mentorship and strategic connections to help drive meaningful change in the industry.