Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
STC Ventures is a corporate venture capital fund established in 2012 and anchored by Saudi Telecom Company (stc Group), one of the largest telecom operators in the Middle East. Based in Dubai, UAE, the fund focuses on investing in early-stage to growth-stage technology companies. The initial fund size is $50 million, and it is managed in partnership with Iris Capital, a French venture capital firm. This fund represents the first institutional venture capital initiative from a Saudi telecom entity.
Over the years, STC Ventures has evolved its investment strategy, particularly following the launch of the Saudi Technology Ventures (STV) fund, which has grown to over $1.4 billion in assets under management. STC Ventures has made significant strides in the venture capital space, particularly with its landmark investment in Careem, which yielded substantial returns upon its acquisition by Uber. The firm continues to seek new investment opportunities in the MENA region and beyond, leveraging its expertise and connections to foster growth among its portfolio companies.
STC Ventures primarily invests in technology sectors, including IT, telecommunications, digital media, and internet-based products. The fund targets early-stage to growth-stage companies, with a check size range starting from $1 million. The geographic focus is predominantly on the MENA region, including Saudi Arabia, the GCC, Levant, North Africa, and Turkey, while also considering globally-minded international companies seeking access to the MENA market.
The firm aims to support innovative companies through various services, enhancing their growth and market reach. STC Ventures typically engages in 2-6 deals per year, reflecting its commitment to fostering innovation and facilitating business growth through strategic investments and partnerships.
STC Ventures has a diverse portfolio of six companies, showcasing its investment strategy in technology-driven sectors. Notable portfolio companies include:
These companies reflect STC Ventures' commitment to investing in innovative technology solutions that address market needs and drive growth.
Abdulrahman Tarabzouni - Formerly led STC's investment in Careem and later became CEO of STV, a $500 million fund. He has extensive experience in technology investments and strategic growth.
Angus Paterson - Partner at Iris Capital who managed STC Ventures and served as an early board member for Careem. His expertise lies in venture capital and technology investments.
To pitch to STC Ventures, startups should prepare a detailed pitch deck that includes their business model, market opportunity, competitive analysis, and growth strategy. While specific application forms are not mentioned, a warm introduction through industry connections may improve the chances of securing a meeting. Founders can expect a response time that varies based on the volume of inquiries, but timely follow-ups are encouraged.
In 2019, STC Ventures achieved a notable exit with its investment in Careem, which was acquired by Uber for $3.1 billion. This investment returned over 100 times the initial $1 million seed investment, totaling approximately $200 million in returns.
STC Ventures continues to seek new investment opportunities in the MENA region, focusing on technology-driven companies that align with its investment thesis. The firm remains active in the venture capital space, leveraging its connections and expertise to support portfolio companies.
What are STC Ventures' investment criteria?
STC Ventures focuses on technology-driven companies in sectors such as IT, telecommunications, digital media, and internet services. The fund invests in early-stage to growth-stage companies, primarily in the MENA region, but also considers global opportunities.
How can startups apply or pitch to STC Ventures?
Startups interested in pitching to STC Ventures should prepare a comprehensive pitch deck that outlines their business model, market opportunity, and growth strategy. While specific application forms are not mentioned, a warm introduction through industry connections may enhance the chances of securing a meeting.
What makes STC Ventures different from other venture capital firms?
STC Ventures differentiates itself through its strong backing by Saudi Telecom Company, providing unique insights and access to the telecom and technology sectors in the MENA region. The fund's successful track record, particularly with its investment in Careem, further establishes its credibility in the venture capital landscape.
What is the typical check size for investments?
STC Ventures typically invests starting from $1 million, with the potential for larger investments depending on the opportunity and growth potential of the company.
What is STC Ventures' post-investment involvement like?
STC Ventures adds value to its portfolio companies by providing strategic support, access to a vast network within the telecom and technology sectors, and insights into the MENA market. This involvement helps portfolio companies scale and succeed in their respective markets.
How many deals does STC Ventures typically engage in each year?
The firm engages in approximately 2-6 deals per year, reflecting its selective approach to investment opportunities in the technology sector.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.