Saudi Arabian Firm STV Launches $150 Million Total Growth Platform
The platform aims to accelerate the growth of technology companies in the region through equity and debt funding.
STV, a Saudi Arabia-based investment firm, is launching a Total Growth platform to support the growth of tech companies in the MENA region. With investments up to $150 million in both equity and debt financing, STV aims to stimulate regional tech ventures by offering founders a host of funding options that suit their needs.
Founded in 2018 by Abdulrahman Tarabzouni, STV is an investment firm focused on the MENA region with an estimated $1 billion in committed capital.
“We are excited to enter this new chapter at STV,” Abdulrahman Tarabzouni, Founder and CEO at STV, tells StartupScene. “Over the past five years, we have invested in great founders and their companies, many of which have grown to become champions of their sectors. We look to double down on our mission with the STV Total Growth, a unique debt and equity funding platform, that leverages our deep market access and compounding knowledge to fuel technology growth across the region.”
Besides relying on VC funds, STV is developing a new product to provide Shariah-compliant venture debt solutions, also known as Tanami. According to the startup, Tanami is expected to play a key role in funding the region’s tech ecosystem, as well as rapidly growing companies in the next three years.
To date, STV has invested in a portfolio of 30 fast-growing companies in the MENA region.
According to its recent report, STV predicts to witness 45 unicorns in the region by 2030, presenting a $100 billion value opportunity. The investment firm is therefore committed to continue supporting technology ventures to see the emergence of leading tech companies, from MENA to the world.
