STV

STV is an independent VC fund that is anchored by STC (MENA's largest telecom operator) with access to its assets (e.g., network, channels, analytics, customer base, etc) to enable its portfolio companies to scale. (Operation started in early 2018)

Ahmad AlNaimi

Partner

Sarah AlSaleh

Senior Associate

Waleed Alballaa

Partner

Ahmad Alshammari

Partner

Yazeed Alturki

Senior Associate

Nahim Bapikee

Investment Associate

Talal Damen

Senior Associate

Abdulrahman Tarabzouni

Founder and CEO

Past deals in Middle East

Salla

Venture Round in 2024
Salla is a Saudi-based e-commerce platform that enables users to create their own online stores in Arabic, allowing them to sell products and services directly to customers. Users can personalize their stores by choosing from various design templates and establishing a branded domain name. The platform offers comprehensive inventory management and marketing tools, along with features such as automatic invoicing, customer database management, and promotional capabilities like discounts and offers. Additionally, Salla provides detailed reports that help store owners analyze performance metrics and optimize their operations. This functionality allows e-commerce merchants to manage their businesses efficiently without incurring fees or commissions.

Foodics

Series C in 2022
Foodics is a company that specializes in cloud-based restaurant management systems, primarily utilizing iPads for its operations. Founded in 2014 and headquartered in AlKhobar, Saudi Arabia, Foodics provides a comprehensive suite of tools designed for the restaurant industry, including point-of-sale transactions, inventory management, employee scheduling, and customer loyalty programs. Its solutions also feature management dashboards and kitchen displays, along with various add-on iOS applications. Serving thousands of clients across the Middle East, Foodics aims to enhance revenue and customer relationships for restaurants, food trucks, cafes, and fast-food chains. The platform supports operations in both English and Arabic, catering to a diverse clientele. With a focus on user-friendly technology, Foodics has facilitated over a billion orders, emphasizing its commitment to simplifying restaurant management.

Nana

Venture Round in 2022
Nana is an online grocery platform based in Saudi Arabia that specializes in delivering groceries and home essentials directly to consumers' doorsteps. The platform features a diverse selection of products, including groceries, fresh fruits and vegetables, cosmetics, electronics, bakery items, and flowers. By enabling consumers to shop digitally, Nana streamlines the grocery shopping experience and ensures that a wide variety of items can be conveniently purchased and delivered to their homes.

Opontia

Series A in 2021
Opontia is an e-commerce acquiring company focused on purchasing and growing small businesses across the Middle East and Africa. It specializes in acquiring companies that possess strong home-grown brands and long-term competitive advantages. Opontia aims to simplify the selling process for business owners, ensuring they can receive payment within six weeks of accepting an offer. In addition to facilitating sales, Opontia offers expertise in brand building, product design and launch, logistics, and financing for small and medium enterprises. This comprehensive approach allows Opontia to effectively scale the businesses it acquires while providing a fair and efficient selling experience for owners.

Sabbar

Funding Round in 2021
Sabbar Ltd. is an on-demand staffing platform based in Saudi Arabia that focuses on blue-collar jobs in the retail, hospitality, and entertainment sectors within the MENA region. The company provides an integrated solution for businesses to recruit casual staff during peak periods by connecting them with qualified and vetted professionals. Sabbar streamlines the recruitment process, alleviating administrative burdens associated with hiring, such as interviews, training, scheduling, and payment. By combining application software with strategic analytics and video communications, Sabbar aims to enhance productivity in candidate management and improve hiring outcomes for its clients.

Foodics

Series B in 2021
Foodics is a company that specializes in cloud-based restaurant management systems, primarily utilizing iPads for its operations. Founded in 2014 and headquartered in AlKhobar, Saudi Arabia, Foodics provides a comprehensive suite of tools designed for the restaurant industry, including point-of-sale transactions, inventory management, employee scheduling, and customer loyalty programs. Its solutions also feature management dashboards and kitchen displays, along with various add-on iOS applications. Serving thousands of clients across the Middle East, Foodics aims to enhance revenue and customer relationships for restaurants, food trucks, cafes, and fast-food chains. The platform supports operations in both English and Arabic, catering to a diverse clientele. With a focus on user-friendly technology, Foodics has facilitated over a billion orders, emphasizing its commitment to simplifying restaurant management.

Salla

Series A in 2020
Salla is a Saudi-based e-commerce platform that enables users to create their own online stores in Arabic, allowing them to sell products and services directly to customers. Users can personalize their stores by choosing from various design templates and establishing a branded domain name. The platform offers comprehensive inventory management and marketing tools, along with features such as automatic invoicing, customer database management, and promotional capabilities like discounts and offers. Additionally, Salla provides detailed reports that help store owners analyze performance metrics and optimize their operations. This functionality allows e-commerce merchants to manage their businesses efficiently without incurring fees or commissions.

Nana

Series B in 2020
Nana is an online grocery platform based in Saudi Arabia that specializes in delivering groceries and home essentials directly to consumers' doorsteps. The platform features a diverse selection of products, including groceries, fresh fruits and vegetables, cosmetics, electronics, bakery items, and flowers. By enabling consumers to shop digitally, Nana streamlines the grocery shopping experience and ensures that a wide variety of items can be conveniently purchased and delivered to their homes.
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