STC Ventures

company

About

STC Ventures is an independently managed venture capital fund whose anchor investor is the Saudi Telecom Company

  • 1 - 10

Details

Industries
Finance,Financial Services,Venture Capital
Founded date
Jan 1, 2012
Number Of Employee
1 - 10
Operating Status
Active
Investor Type
MVC

STC Ventures is an independently managed venture capital fund whose anchor investor is the Saudi Telecom Company. Our goal is to empower entrepreneurs to create market leading technology businesses. We are focused on equity investments that will help to build leading companies in the information technology, telecommunications, and digital media/entertainment sectors. One of the key objectives of our fund is to support the development of innovative technology companies in the GCC, wider MENA region and Turkey, in addition to funding globally minded international companies seeking capital and access to the MENA region.

Investments

Number of Investments
Number of Lead Investments
3
1
STC Ventures has made 3 investments. Their most recent investment was on Nov 10, 2015, when Careem raised $60M.
Date Company Name
Round Money Raised Industry Lead Investor
Nov 10, 2015 Careem
Series C $60M Customer Service
Dec 2, 2014 Careem
Series B $10M Customer Service
Sep 9, 2013 Careem
Seed $1.70M Customer Service Yes