The government's Saudi Venture Investment Company has allocated 1.1 billion riyals to invest in funds and emerging companies, and the number of venture investment funds and growth funds that have committed to investing in it will be 20 funds.< /p>
According to Arab Net, the company added that the number of deals in Saudi startups reached 116, since the start of their business until the end of the third quarter of 2021.
Concerning that the venture capital system has maintained its rapid growth over the past three years, she explained that this growth and the record size of the value of the venture capital every year, comes as a result of the government's stimulus initiatives as well as To the emergence of more active investors and innovative entrepreneurs, according to the Saudi Economic newspaper.
The company stated that it plays an important role in stimulating bold investment from the private sector to promote the accelerated growth of the venture capital system in the Kingdom. To achieve this, the strategy of the Saudi Venture Investment Company was carefully developed. Based on regional and global business models for government venture capital funds.
Given the rapid dynamic development of the venture capital system in the Kingdom, the company's strategy and programs are reviewed periodically to ensure that the current funding gaps are filled, and effectively stimulate private investors.< /p>
In this sense, the company recently announced the launch of the investment product in funds that offer debt instruments and funds that offer bold debt instruments, because funds that offer debt instruments and venture capital instruments , still represents a financing gap in the venture capital and growth investment system in the Kingdom.
