Riyadh Valley Company, the investment arm of King Saud University, has announced its investment in the Middle East Venture Partners’ Fund IV (MEVF IV), a fund managed by MEVP, one of the most prominent venture capital firms in the MENA region.
Founded in 2010, MEVP focuses on early and growth-stage technology startups across the Gulf Cooperation Council (GCC) and Arab Mashriq regions. With over USD 300 million in assets under management, MEVP is considered one of the largest and most established VC firms in the region.
Commenting on the investment, Dr. Khaled Al-Saleh, CEO of Riyadh Valley Company, said:
“This investment in MEVP’s Fund IV is part of Riyadh Valley Company’s strategy to support the knowledge economy and aligns with King Saud University’s objectives and Saudi Vision 2030.
The fund is focused on the technology sector, particularly fintech innovations, which are gaining significant traction among investors in Saudi Arabia and the UAE due to their commitment to digital transformation.”
Walid Mansour, Co-CEO of MEVP, added:
“We are thrilled to welcome Riyadh Valley Company as an investor in our fourth fund. This reflects MEVP’s commitment to expanding its footprint in Saudi Arabia and accelerating our involvement in the Kingdom’s fast-growing tech ecosystem. We are excited to support innovative Saudi entrepreneurs and contribute to the nation’s digital evolution.”
Through this investment, Riyadh Valley Company aims to build a diversified portfolio that supports local and global startups, advancing its mission to drive innovation and contribute meaningfully to Vision 2030’s goals within the knowledge economy.
