Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

STV receives funding boost from King Saud University

STV receives funding boost from King Saud University

Riyadh Valley Co., the investment arm of King Saud University, has invested an undisclosed amount in the new Total Growth Platform launched by STV, the largest independent technology investment firm in the Middle East and North Africa region.

The investment reflects Riyadh Valley Co.’s strategy to invest in a diverse portfolio that aims to achieve the university’s objectives to contribute to the Kingdom’s Vision 2030.

Total Growth Platform seeks to fuel growth of regional tech ventures by offering access to a suite of funding solutions that serve entrepreneurs.

The initiative was launched last February in Saudi Arabia’s LEAP conference with an initial investment of $150 million to accelerate regional growth.

The investment of Riyadh Valley Co. in the Total Growth Platform aims to support the entrepreneurship environment in Saudi Arabia and enable the commercialization of innovation in universities and technology hubs across the region.

Riyadh Valley Co. is a strategic investment firm that leverages local and regional capabilities to support the Kingdom’s economic development.

Tkyr operates in Riyadh with 1,500 outlets using its services.


Saudi delivery platform Tkyr raises $4m in pre-series A round


Saudi-based digital food delivery platform Tkyr raised $4 million in a pre-series A funding round from Food Square, Etihad Alkhaledia, Haif and Mateen.

The company currently operates in Riyadh with 1,500 outlets using its services and over 200 delivery representatives.

“The food and beverage service market sector in Saudi Arabia is considered one of the main sectors in the region. The market size is $19.97 billion, and it is expected to hit $24.7 billion by 2025,” Khaled Al-Qariwi, co-founder of Tkyr said.

Founded in 2018 by Abdulrahman Tarabzouni, STV is the largest independent technology investment firm in the Middle East and North Africa region.


The company aims to expand beyond Riyadh into other cities in the Kingdom in the second half of 2023.

Founded in 2021, Tkyr offers a platform and mobile application for clients to order online food from different restaurants.

Egypt’s Camel Ventures launches $16m investment vehicle


Egypt-based venture capital firm Camel Ventures launched a $16 million investment vehicle “Camel Ventures for Investment I.”

The new fund aims to support Egypt’s growing fintech ecosystem with equity investments in early-stage startups and venture debt for later-stage companies.

The company has already made 10 investments in various sectors including logistics startup Khazenly, healthtech company Pharmacy Marts, and fintech solution Klickit.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×