Riyadh – Sharikat Mubasher: SVC released its “Impact Report,” showcasing its role in driving record growth in Saudi Arabia’s private capital ecosystem since its founding in 2018.

The report revealed that VC funding in the Kingdom reached SAR 2.8 billion across 178 deals. 

SVC registered $1 billion in committed investments, contributing to a total of $4.8 billion in investments with partners.

SVC invested in 54 funds that have supported over 800 startups and SMEs across sectors like e-commerce, fintech, healthcare, and logistics, positioning Saudi Arabia as the top-ranked MENA country for VC funding for the second consecutive year in 2024.

SVC’s efforts have boosted investor participation, encouraged the establishment of new VC and PE funds, and attracted regional and global investments to Saudi startups. Additionally, SVC has launched educational programs and market insight initiatives to strengthen the private capital ecosystem.

Commenting on the report, Nabeel Koshak, CEO and Board Member at SVC, said: “We are committed to further stimulating the private capital ecosystem in Saudi Arabia by launching required investment programs and developmental initiatives based on an analysis of the ecosystem’s needs and following regional and global working models, which leads to diversifying the national economy and achieving the goals of the Saudi Vision 2030”.Established in 2018 as a subsidiary of SME Bank, SVC aims to sustain startup and SME financing from pre-seed to pre-IPO stages through investments in private capital funds and direct investments.

Established in 2018 as a subsidiary of SME Bank, SVC aims to sustain startup and SME financing from pre-seed to pre-IPO stages through investments in private capital funds and direct investments.