TLDR
Riyadh Valley Company, the investment arm of King Saud University, has invested in Raed Ventures’ third fund (RAED III LP). Raed Ventures is a venture capital firm investing in startups in Saudi Arabia, the UAE, and Egypt.
– Riyadh Valley Company invests in Raed Ventures’ third fund
– Raed Ventures focuses on fintech, transportation services, and retail startups
Summary
Riyadh Valley Company, the investment arm of King Saud University, has made an investment in Raed Ventures’ third fund, RAED III LP. Raed Ventures is a venture capital firm that specializes in investing in startups across Saudi Arabia, the UAE, and Egypt. The firm focuses on sectors such as fintech, transportation services, and retail, with a particular emphasis on software-as-a-service business models.
This investment by Riyadh Valley Company highlights the growing interest and support for startups in the region, particularly in emerging industries such as fintech. Raed Ventures’ track record in identifying and supporting successful startups makes them an attractive investment opportunity for companies like Riyadh Valley Company.
Overall, this partnership between Riyadh Valley Company and Raed Ventures bodes well for the future of the startup ecosystem in the Middle East, providing much-needed funding and resources for entrepreneurs in the region.
