Series C

Series B

Seed

Others

Debt Financing

Series A

Series D

Rest of World

Europe

Asia (ex. GCC & Levant)

Dubai

Angus Paterson

Riyadh ALRuwais

Aiman Al-Atiqi

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Investment in Startup

Find all about STC Ventures: funding focus, key investments, and market strategy. Discover insights on Lucidity Insights.

STC Ventures

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

Series F

Careem

Logistics & Storage

Transportation

Delivery

Ride Sharing

Providing a range of daily services, Careem is a Dubai-based ride-hailing and super app company that aims to simplify people's daily lives in over 100 cities across 13 countries.

California

Nile

Scality

Support & Management Services

Istanbul

Modanisa

Retail & Wholesale

E-Commerce

Fashion

Modanisa is an online fashion retailer for women's Islamic clothing, dresses and accessories. The site offers clothing and accessories to women of all ages and offers shipping and delivery all over the world.

yallacompare

Fintech

yallacompare is a financial comparison platform for banks and financial institutions.

Riyadh

Nearpay

Nearpay is a FinTech company providing payment acceptance solutions to banks, payment providers and startups.

Gengo

Software Dev/Test

Aquto

Marketing/Sales

DT One

Payment

GlamBox ME

Beauty

Lifestyle

GlamBox Middle East was established in January 2012 to help women discover the latest and greatest in makeup, skincare, hair care, and fragrances. For a nominal fee, subscribers receive a gorgeous box with 4-5 beauty minis each month – delivered right to their doorsteps. It’s a great way to keep up to date on seasonal trends and experience newproducts you normally wouldn’t have the chance to try. For more information please visit glambox.me (United Arab Emirates) and glambox.sa (Saudi Arabia) and follow GlamBox.Me on Facebook (www.facebook.com/GlamBoxME), YouTube (www.youtube.com/glamboxme and Instagram (@GlamBoxME, @GlamBoxSA & @GlamBoxForHim).

Middle East-founded car-hailing app Careem has raised $60 million in Series C funding, led by The Abraaj Group.This round is The Abraaj Group’s first investment in Careem, and it now stands alongside other investors Arzan Venture Capital, Al Tayyar, STC Ventures, BECO Capital, Impulse (a subsidiary of Kuwait Investment Authority), Lumia Capital and Wamda Capital. Al Tayyar remains the largest institutional investor.

Car-hailing app Careem raises $60M Series C

Careem, the Dubai-based ride sharing service a la Uber, announced yesterday that it has raised $10 million investment in a round, led by Al Tayyar Travel Group with STC Ventures, as well as other regional investors.

Careem raises $10M led by Saudi Al Tayyar Group

Following closely on the heels of Uber's launch in Dubai, Careem, the UAE-based ground transportation technology company, just announced that STC Ventures, backed by Saudi Telecom, led a US$ 1.7 million investment round to the car-booking service company in order to expand its operations across the Middle East.

STC Ventures Invests US $1.7 Million in Careem

STC Ventures

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STC Ventures

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 3 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments