STV on Creating the Next Digital Giants of the Middle East

By Erika Masako Welch,14 March 2023
STV on Creating the Next Digital Giants of the Middle East
STV on Creating the Next Digital Giants of the Middle East

STV is a venture capital firm established in 2018 in Riyadh that is currently the largest privately-held technology VC investment firm launched in the Middle East to date. With over $800 million in capital, STV backs and scales the region’s most exciting and disruptive technology companies, primarily focused on growth-stage technology. 19 out of STV’s 29 portfolio companies, and more than 2/3rds of STVs deals are inked with startups that have significant operations in Saudi Arabia.

STV believes there is a strong and increasing dichotomy between digital supply and digital demand in the MENA region; the areas where supply has yet to meet demand are referred to as “white spaces”. We identify these white spaces and invest in companies that we believe will become the l

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