Series A

Series C

Series B

Series D

Seed

Pre-Seed

Pre-IPO

Series F

Series E

Others

Unknown Series Round

Pre-Series A

Riyadh

Abdulrahman Tarabzouni

Ahmad AlNaimi

Dr. Mazin Alzaidi

Ihsan Jawad

Madiha Loveless

Luca Barbi

If you're looking to accelerate your company's growth, pitch to us and let's make it happen.

Investment in Startup

STV: A leader in funding 1. View investment focus, portfolio details, and trends at Lucidity Insights.

Fintech

E-Commerce

Logistics & Storage

Retail & Wholesale

Education

Digital & ICT

Foodtech

Healthcare

IT & Communication

Art-Media-Entertainment

Support & Management Services

STV established itself in 2018 and is the largest privately-held technology VC investment firm launched in the Middle East to date.

Tabby

BNPL

Lending

Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money.

Dubai

Careem

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.

D360 Bank

Banking

Financial Services

Payments

Finance

Digital Banking

Mobile Apps

D360 Bank is a shariah-compliant Saudi digital bank that aims to provide the best financial experience in the Kingdom.

Debt Financing

TruKKer

Logistics

Freight Service

Supply Chain Management

TruKKer is a Digital Freight Network that integrates Demand & Supply for multimodal freight services

Nana Direct

Grocery

Marketplace

Information Technology

Deliveries

Food and Beverages

Shopping

Nana is an online grocery platform that delivers groceries, home essentials, and a wide range of products, from fresh produce and bakery items to cosmetics, electronics, and flowers, straight to customers’ doorsteps.

Foodics

Software Dev/Test

Predictive Analytics

Productivity Tools

Restaurants

Software

Accounting

Customer Experience

Foodics is the leading restaurant operations and payment tech in the MENA region, powering the operations of +30,000 restaurants with an all-in-one software ecosystem to manage and scale.

Floward

Flowers

Delivery Service

Internet

Floward is the leading online flowers and gifting company in the Middle East and the UK, delivering ethically sourced, stunning arrangements across nine countries since its founding in 2017.

Unifonic

Messaging

PaaS

SaaS

Cloud

Artificial Intelligence (AI)

Unifonic is a customer engagement platform that integrates multiple communication channels to help organizations deliver exceptional customer experiences.

Makkah

Salla

Salla is a software startup that provides SMEs and aspiring entrepreneurs with SaaS e-commerce solution.

Dammam

Sary

MENAP B2B marketplace connecting small businesses with wholesalers and lenders to procure supply efficiently.

Calo

Food and Beverage

Wellness

Calo is Founded in 2019 by Ahmed AlRawi and Moayed Almoayed, Calo serves personalized meal subscriptions.

Gathern

Hospitality

Travel

Technology

Rental

Gathern is a P2P vacation rental platform licensed by Saudi Arabian  Ministry of Tourism. Gathern offers a wide range of advantages for both Guests and Hosts.

Qlub

Payment

Qlub develops a fast and secure payment solution for consumers in restaurants.

Vezeeta

Medical

Healthtech

Provides patients with a digital healthcare booking platform and management software.

Noon Academy

EdTech

E-Learning

Noon Academy is a leading Middle East edtech platform that delivers interactive, gamified peer learning and app-based tutoring to over 12 million students, making education fun and engaging both online and in physical classrooms.

San Francisco

Firefly

Media

Advertising Services

Digital

Firefly is a mobility based advertising and data platform that allows rideshare drivers to make money through digital advertising.

Istanbul

Opontia

Retail

Marketing

Small and Medium Businesses

Business Development

Opontia is a digital-first consumer goods group in EEMEA that acquires and grows outstanding e-commerce brands while offering small business owners a fast and fair way to sell their companies.

Cairo

Homzmart

Home Decor

Furniture

Interior Design

Homzmart is an eCommerce platform that sells home furniture, home décor, lighting and home supplies through a visualized community.

MANAFA Capital

Funding

Crowdfunding

Investment marketplace for innovative businesses regulated by the Saudi Capital Market Authority

invygo

invygo app-based car subscription company that gives customers an access to dealership verified cars.

Aajil

Credit

Supply Chain

Aajil is MENA's first "Build Now Pay Later" solution. We empower SME's to grow their businesses by securing the materials they need — without the upfront hassle

Intelmatix

Deeptech

Intelmatix is a deep-tech AI company with a wide range of capabilities that address sector challenges by providing tailored solutions and unique products.

Quant

Data Mining

Analytics

Business Intelligence

Database

Machine Learning

Data Visualization

Data Integration

Quant is a Saudi-based data science company that empowers organizations with intelligent, science-driven analytics solutions, known for its agility, local impact, and globally competitive standards.

Abyan Capital

Wealth Management

Abyan Capital is a financial service company that provides an automated solution and portfolio management for long-term investments.

Morni

Apps

Morni delivers a fully integrated automotive experience through four key verticals: Assist, Care, Auction, and Claims.

spiderSilk

Security

Cybersecurity

spiderSilk is a VC-backed cyberAI firm, specializing in external exposure management and threat detection. 
We are re-imagining threat detection from a multi-solution, resource intensive proposition today, to an automated, intelligent, cost-effective & easy to deploy one. And as a result we have uncovered threats that would have impacted over 120 million human beings in aggregate.

zenda

zenda is a fintech app that enables to pay school fees with pay-now and pay-later options, unlocking rewards for paying on time.

Telfaz11

Entertainment

Talent Management

Media Production

Digital Media

Film Production

Telfaz11 is a creative media production company with offices in Saudi Arabia and the UAE specializing in locally-relevant entertainment content from the Middle East.

PE Round

Sabbar

Recruiting

Staffing Agency

Employment

Sabbar is a local recruitment platform for jobs in tourism, restaurants, cafes, retail, entertainment, and service industries.

Amman

Wajeez

Wajeez is a paid app that provides users with audio and text summaries of nonfiction books in Arabic.

Proof

Proof Experiences enables your marketing team to personalize your website for each visitor without writing a single line of code.The company enables your marketing team to personalize text, images, and CTAs no matter what platform your site is built on.

Sawt

Sawt is an AI voice system that delivers a natural communication experience, integrating seamlessly with your systems, running 24/7 across any industry, and handling calls without needing new hires or extra training.

Tweeq

Expense Tracker

Mobile Payments

Tweeq is a Saudi fintech that provides a modern alternative to traditional money management and spending.

Jeddah

Levers

Levers helps B2B companies in reducing overdue payments, accelerate cash collection, and boost cashflow

MRSOOL

Food Delivery

Mrsool is one of the largest delivery platforms in the region.

Furniture and home goods e-commerce platform Homzmart has closed one of the past year's biggest funding rounds for a Middle Eastern and North Africa start-up, raising $23 million, its chief executive said.

The company, launched in 2020, will use the new funding to expand services, especially logistics, and fill gaps that appear in supply chains, co-founder and CEO Mahmoud Ibrahim said in an interview with Reuters.

The latest pre series B round funding round, which included participation from Riyadh-based technology venture capital fund STV, Impact46, Outliers Venture Capital, Rise Capital and Nuwa Capital, brings its total funding to about $40 million.

It raised $15 million in an earlier round that closed in the second quarter of last year, after an initial round in which it raised about $2.5 million.

Homzmart started by connecting brands and manufacturers with customers in the Arab world's most populous country. But it found gaps in supply chains that prompted it to create a logistics arm, and now has about 100 trucks.

It also in March acquired Berlin-based home interior design firm MockUp Studio, which uses artificial intelligence to make designs.

Earlier this year the company's activities expanded to Saudi Arabia, and Ibrahim said it had achieved solid growth there. "The percentage of activity in the Kingdom is now between 25% and 30% of the total volume of Homzmart business," he said in the interview on Sunday.

The company says it serves 25 million houses in Egypt and Saudi Arabia, with more than 150,000 products on the platform.

Homzmart has not yet achieved profitability but Ibrahim said it is still focused on expansion and building market share "through lazer-focused profitability milestones".

Investment in MENA start-up Homzmart rises to $40 million after latest round

Furniture and home goods e-commerce platform Homzmart has closed one of the past year's biggest funding rounds for a Middle Eastern and North Africa start-up, raising $23 million pre-Series B round from STV, Impact46, Outliers Ventures, Rise Capital and NUWA Capital.

Homzmart raises $23 million pre-Series B round

STV

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 10 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

STV