STC Ventures

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. The fund focuses on investing in early-stage to growth-stage technology companies across various sectors, including IT, telecommunications, digital media, and internet services. With a commitment to supporting innovative companies, STC Ventures aims to facilitate business growth through strategic investments and partnerships. Notably, it made a landmark investment in Careem, which yielded significant returns upon its acquisition by Uber. STC Ventures continues to seek opportunities in the MENA region and beyond, leveraging its connections and expertise to foster the growth of its portfolio companies.

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, helping them scale and succeed.