Saudi Venture Capital Partners with Aliph Capital in GCC Fund Investment
Deal News | Dec 04, 2024 | Zawya
Saudi Venture Capital has announced its investment in Aliph Fund I, a GCC-focused growth fund led by Aliph Capital. The fund targets mid-market companies across Saudi Arabia and the GCC, emphasizing value creation through active ownership and technological enablement. Dr. Nabeel Koshak, CEO of SVC, highlighted that this investment aligns with their strategy to fund Saudi-based SMEs with growth potential. Huda Al-Lawati, founder of Aliph Capital, expressed the fund's goal to harness growth opportunities among SMEs in the GCC through digitization. This collaboration is expected to yield positive economic, social, and environmental impacts while delivering attractive returns. SVC operates under the umbrella of the National Development Fund, aiming to support startups and SMEs in their early to pre-IPO stages. Aliph Capital, based in ADGM, focuses on bridging the old and new economy gap in the GCC through digitization and technology, while fostering economic development.
Sectors
- Private Equity
- Venture Capital
- Technology
Geography
- Saudi Arabia – Saudi Venture Capital is based in Riyadh, indicating a significant geographical focus of the investment.
- GCC – The investment targets mid-market companies across the Gulf Cooperation Council, which includes countries in the Arabian Peninsula.
Industry
- Private Equity – The article involves Aliph Capital, a private equity manager, indicating a focus on fundraising and investment in growth-stage companies.
- Venture Capital – SVC is contributing as a venture capital entity focusing on funding GCC-based companies, particularly SMEs and startups.
- Technology – The emphasis on tech enablement and digitization by Aliph Capital aligns this article within the technology sector, highlighting investment in technological advancement.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Saudi Venture Capital (SVC) | Investor | Company | A subsidiary of the SME Bank, part of Saudi Arabia's National Development Fund, aimed at funding SMEs and startups. |
| Aliph Capital | Fund Manager | Company | A private equity fund manager based in ADGM, focusing on mid-market growth investments in the GCC. |
| Aliph Fund I | Target Fund | Fund | A growth fund managed by Aliph Capital, focusing on mid-market companies in the GCC region. |
| Dr. Nabeel Koshak | CEO & Board Member | Person | Executive at Saudi Venture Capital, overseeing investment strategies. |
| Huda Al-Lawati | Founder & CEO | Person | The founder and CEO of Aliph Capital, focusing on bridging gaps in the GCC economy through strategic investments. |
| Dr. Osamah Alamri | Media Contact | Person | Media point of contact for Saudi Venture Capital. |
| Ben Rothschild | Media Contact | Person | Media point of contact for Aliph Capital. |