Saudi Arabia VC backs Sadrah Second Fund

The Saudi Venture Capital Company (SVC) announced its investment in Sadrah Second Venture Capital Fund, which focuses on supporting early-stage tech startups, particularly in the fields of artificial intelligence, fintech, and real estate technology. This investment aims to increase the capital allocated to Saudi tech startups, support their founders, and achieve long-term returns, in line with Saudi Arabia's Vision 2030 to strengthen the private sector and attract foreign investments. SVC is a subsidiary company of the Small and Medium Enterprises Bank, and has been working since 2018 to fund startups and small to medium-sized enterprises through direct investments and funds.

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