STV

Venture Capital · Founded 2018 · Riyadh, Saudi Arabia

#15 Investor Ranking 2026 Top 1% in MENA

Largest technology VC fund in MENA established with $500m from the Saudi Telecom Company

Website ↗LinkedIn ↗X / Twitter ↗

36 Portfolio companies+64% in 5 years

4 Unicorns

59 Investments

May 2026 Last investment

01 · Knowledge graph

News Jordan's ISSF backs STV's $100M AI fund with $5M Jul 12, 2026

02 · Biggest holdings

STV’s biggest current holdings.

The most valuable companies STV still holds, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Dealroom has no parsed shareholder register for STV, so the size of each stake isn’t shown.

#CompanyValuation

1 tabbyUnicorn · Fintech · Saudi Arabia $4.5B
2 Jasper AIUnicorn · Media · USA $1.5B
3 SallaUnicorn · Marketing · Saudi Arabia $1.0B
4 FoodicsFood · Saudi Arabia $680M
5 TruKKerTransportation · Saudi Arabia $400M
6 CaloFood · Saudi Arabia $250M

Unicorns and thoroughbreds STV has backed and still holds, at Dealroom’s latest valuation. See the underlying shareholder registers on Dealroom →

03 · Portfolio analysis

Where STV’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 36 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount

Saudi Arabia26
UAE8
USA3
Egypt1
Jordan1
UK1

By sectorCount

Fintech10
Marketing7
Transportation7
Food5
Enterprise Software3
Media3
Education2
Real Estate2
Energy1
Fashion1
Health1
Home Living1

By stage enteredCount

Series A15
Seed12
Series B+9

By growth stageCount

Breakout Stage20
Late Growth13
Early Growth6
Mature1

04 · Portfolio market map

Inside STV’s portfolio.

The 40 highest-funded portfolio companies, of 36 tracked.

Careem

Transportation · Unicorn

Nana

Food

$532M

Foodics

Food

$680M

Floward

Fashion

$624M

Sary

Marketing

$375M

SILQ

Enterprise Software

$440M

Calo

Food

$250M

Gathern

Travel

$266M

Qlub

Fintech

$120M

Vezeeta

Health

$160M

Firefly

Marketing

$56M

Stake

Fintech

$124M

Noon Academy

Education

$150M

Opontia

Marketing

$84M

Homzmart

Home Living

$92M

MANAFA Capital

Fintech

$112M

invygo

Transportation

$12M

spiderSilk

Security

$36M

Morni

Transportation

$24M

Intelmatix

Enterprise Software

$80M

RedBox

Transportation

$12M

Abyan Capital

Fintech

$72M

Signit

Legal

$60M

Aajil

Fintech

$33M

Zenda

Fintech

$38M

Stream

Fintech

$21M

Telfaz11

Media

$36M

Sabbar

Jobs Recruitment

$16M

Wajeez

Jordan

$12M

Proof Technologies LLC

Marketing

$8.4M

Sawt

Enterprise Software

$4.0M

Tweeq

Fintech

$2.1M

Mrsool

Food

D360 Bank

Fintech

Primesight

Media

05 · Portfolio founders

Where STV’s portfolio founders come from.

82 founders across the 40 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount