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