Saudi Venture Capital Invests $7.5 Million in Endeavor Catalyst Fund
Saudi Venture Capital (SVC) invested $7.5 million into a fund managed by Endeavor Catalyst, the investment arm of Endeavor Global.
The investment is part of SVC's goal to inject $1.6 billion into startups and small and medium enterprises (SMEs).
The subscription agreement was signed by SVC CEO Nabeel Koshak and Allen Taylor, managing partner at Endeavor Catalyst, with the support of Abdulrahman Mansour, the acting CEO of SME Bank.
The investment is part of SVC's Investment in Funds Program and will be used to support early and late-stage startups in Saudi Arabia.
The subscription agreement was signed by SVC CEO Nabeel Koshak and Allen Taylor, managing partner at Endeavor Catalyst, with the support of Abdulrahman Mansour, the acting CEO of SME Bank.
The investment is part of SVC's Investment in Funds Program and will be used to support early and late-stage startups in Saudi Arabia.
