STV

STV is an independent venture capital investment firm based in Riyadh, Saudi Arabia, founded in 2018. It is anchored by STC, the largest telecom operator in the MENA region, granting access to essential assets such as network infrastructure, customer analytics, and an extensive customer base. This support enables STV to assist its portfolio companies in scaling their operations effectively. The firm focuses on investing in early and later-stage companies, with a particular emphasis on the information technology sector.

Ahmad AlNaimi

General Partner

Yazeed Alturki

Principal

Mazin Alzaidi

General Partner

Nahim Bapikee

Investment Associate

Talal Damen

Senior Associate

Hani Enaya

Partner

Ihsan Jawad

General Partner

34 past transactions

Floward

Series C in 2023
Floward International General Trading Co. WLL operates an online flower delivery platform that specializes in customized flower arrangements for various occasions, including weddings, birthdays, and corporate events. Founded in 2006 and based in Kuwait City, the company serves customers across Kuwait, Bahrain, Qatar, Saudi Arabia, and the United Arab Emirates. Floward provides a diverse selection of products, including flower arrangements, cakes, balloons, and chocolate boxes, allowing customers to express their sentiments through thoughtful gifting. Additionally, the platform features arrangements created by celebrities and lists products from several well-known brands. This extensive range of offerings positions Floward as a prominent player in the online floral and gifting market in the region.

Zenda

Seed Round in 2022
Zenda is a fintech app that enables to pay school fees with pay-now and pay-later options, unlocking rewards for paying on time.

Foodics

Series C in 2022
Foodics is a cloud-based restaurant management system provider headquartered in AlKhobar, Saudi Arabia, founded in 2014. The company specializes in offering an all-in-one iPad POS solution that encompasses various functionalities, including sales management, inventory control, employee scheduling, loyalty programs, and e-commerce. Its services are tailored for the restaurant industry and are available in both English and Arabic. Foodics supports thousands of clients, including restaurants, food trucks, cafes, and fast-food chains, primarily across the Middle East. The system is designed to enhance operational efficiency and customer relationships, enabling businesses to increase revenues while simplifying management processes. With a commitment to user-friendly technology, Foodics aims to make restaurant management intuitive and accessible.

Gathern

Series B in 2022
Gathern is a vacation rental marketplace established in 2016 and headquartered in Riyadh, Saudi Arabia. The platform enables travelers and adventure seekers to discover and book a variety of accommodations, including chalets, villas, apartments, farms, caravans, desert cottages, and campsites. Gathern facilitates direct interactions between property owners and renters, allowing owners to list their properties without the need for a rental license. This approach streamlines the booking process and enhances accessibility for users seeking unique travel experiences.

Tabby

Series B in 2022
Tabby Inc. is a financial services company based in the United Arab Emirates that offers payment solutions for online and in-store purchases. The company provides consumers in the UAE and Saudi Arabia with a buy now, pay later option, allowing them to choose between making a deferred single payment or paying in multiple installments. Tabby's proprietary decision engine facilitates instant checkouts, enabling customers to make purchases without incurring additional costs. This approach allows consumers to utilize flexible credit while ensuring secure payment methods.

TruKKer

Series B in 2022
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.

Nana

Venture Round in 2022
Nana is an online grocery platform that provides doorstep deliveries of groceries and other home essentials. The company's platform offers a wide assortment of groceries, fruits, and vegetables, cosmetics, electronics, bakery items, and flowers that enables consumers to purchase products online and get them delivered to their homes. Nana was established in 2016 and is headquartered in Riyadh, Ar Riyad, Saudi Arabia.

qlub

Seed Round in 2022
Qlub develops a fast and secure payment solution for consumers in restaurants. Qlub allows restaurant, pub, and cafe owners to present their menus and accept payments in seconds. It's the kind of fast-paced stuff that people are used to, with the added benefit of keeping staff and guests happy. Qlub only takes 10 seconds to pay by scanning a QR code, paying with one click, and walking away. All of this is possible without the need to install an app.

Sary

Series C in 2021
Sary operates a digital business-to-business (B2B) marketplace that connects small businesses with merchant wholesalers of fast-moving consumer goods (FMCG) in Saudi Arabia. Founded in 2018 and headquartered in Riyadh, the platform facilitates seamless procurement for small and medium-sized enterprises, mini-market chains, hotels, restaurants, and convenience shops in Riyadh, Jeddah, and Dammam. Sary's mobile and web application provides a wide range of FMCG products, including milk, tea, coffee, water, soft drinks, juices, oil, and chocolates. The company aims to enhance efficiency in the wholesale supply chain, allowing customers to place orders ranging from a box to a truckload with just a few clicks, often receiving deliveries within three hours. Sary has served over 20,000 customers, completed more than 50,000 shipments, and collaborates with over 100 brands and wholesalers, significantly impacting the regional supply landscape.

Calo

Seed Round in 2021
Calo is an internet company that provides a web-based platform that utilizes dietary foods and tips from nutritionists and chefs. Its platform connects health-conscious people and nutritionists online. Calo helps people with their diet and food routine online.

Opontia

Series A in 2021
Opontia provides a fast and fair way for small e-commerce business owners to sell their companies. They buy businesses with a long-term competitive advantage and strong home-grown brands. They know that selling a business can be stressful and difficult, which is why they have streamlined the process so that you can receive money in your account within just 6 weeks of starting the process.

Tabby

Series B in 2021
Tabby Inc. is a financial services company based in the United Arab Emirates that offers payment solutions for online and in-store purchases. The company provides consumers in the UAE and Saudi Arabia with a buy now, pay later option, allowing them to choose between making a deferred single payment or paying in multiple installments. Tabby's proprietary decision engine facilitates instant checkouts, enabling customers to make purchases without incurring additional costs. This approach allows consumers to utilize flexible credit while ensuring secure payment methods.

Intelmatix

Seed Round in 2021
Intelmatix is a deep-tech artificial intelligence company that specializes in creating tailored solutions to address challenges across various sectors. The company has developed an advanced AI platform designed to enhance organizational efficiency by integrating domain knowledge with data sensing, processing, analysis, and interaction. This platform facilitates the development of automated systems that account for complexities both within and between sectors, empowering organizations to transform their operational strategies and improve their current practices.

Sabbar

Funding Round in 2021
Sabbar is an on-demand staffing platform that specializes in blue-collar jobs in the retail, hospitality, and entertainment industry in MENA. Our platform enables businesses to hire casual staff during peak hours or high seasons by connecting them to highly qualified and fully vetted professionals. Additionally, we relieve our customers from associated administrative costs by streamlining a lengthy process that typically includes interviews, training, placement, shift scheduling, worker payments, and everything in-between. To learn more, visit: sabbar.com

Floward

Series B in 2021
Floward International General Trading Co. WLL operates an online flower delivery platform that specializes in customized flower arrangements for various occasions, including weddings, birthdays, and corporate events. Founded in 2006 and based in Kuwait City, the company serves customers across Kuwait, Bahrain, Qatar, Saudi Arabia, and the United Arab Emirates. Floward provides a diverse selection of products, including flower arrangements, cakes, balloons, and chocolate boxes, allowing customers to express their sentiments through thoughtful gifting. Additionally, the platform features arrangements created by celebrities and lists products from several well-known brands. This extensive range of offerings positions Floward as a prominent player in the online floral and gifting market in the region.

Tweeq

Seed Round in 2021
Operator of a financial management platform designed for personal finance purposes. The company's platform offers spending tracking, instant money transfers, and enriched transaction data, enabling users to manage their finances efficiently, gain insights into their spending habits, and achieve their financial goals.

Gathern

Series A in 2021
Gathern is a vacation rental marketplace established in 2016 and headquartered in Riyadh, Saudi Arabia. The platform enables travelers and adventure seekers to discover and book a variety of accommodations, including chalets, villas, apartments, farms, caravans, desert cottages, and campsites. Gathern facilitates direct interactions between property owners and renters, allowing owners to list their properties without the need for a rental license. This approach streamlines the booking process and enhances accessibility for users seeking unique travel experiences.

Sary

Series B in 2021
Sary operates a digital business-to-business (B2B) marketplace that connects small businesses with merchant wholesalers of fast-moving consumer goods (FMCG) in Saudi Arabia. Founded in 2018 and headquartered in Riyadh, the platform facilitates seamless procurement for small and medium-sized enterprises, mini-market chains, hotels, restaurants, and convenience shops in Riyadh, Jeddah, and Dammam. Sary's mobile and web application provides a wide range of FMCG products, including milk, tea, coffee, water, soft drinks, juices, oil, and chocolates. The company aims to enhance efficiency in the wholesale supply chain, allowing customers to place orders ranging from a box to a truckload with just a few clicks, often receiving deliveries within three hours. Sary has served over 20,000 customers, completed more than 50,000 shipments, and collaborates with over 100 brands and wholesalers, significantly impacting the regional supply landscape.

Foodics

Series B in 2021
Foodics is a cloud-based restaurant management system provider headquartered in AlKhobar, Saudi Arabia, founded in 2014. The company specializes in offering an all-in-one iPad POS solution that encompasses various functionalities, including sales management, inventory control, employee scheduling, loyalty programs, and e-commerce. Its services are tailored for the restaurant industry and are available in both English and Arabic. Foodics supports thousands of clients, including restaurants, food trucks, cafes, and fast-food chains, primarily across the Middle East. The system is designed to enhance operational efficiency and customer relationships, enabling businesses to increase revenues while simplifying management processes. With a commitment to user-friendly technology, Foodics aims to make restaurant management intuitive and accessible.

SpiderSilk

Seed Round in 2021
SpiderSilk is a cybersecurity firm based in Dubai, United Arab Emirates, founded in 2019. The company specializes in simulating advanced cyberattacks to help organizations strengthen their security defenses. By employing a combination of proprietary technology and skilled ethical hackers, SpiderSilk identifies vulnerabilities in both public and internal applications. Their approach includes continuous adversarial simulations and scans of the open internet, ensuring that organizations can effectively manage and protect their attack surfaces. SpiderSilk's services also encompass robust advisory offerings, which provide organizations with insights into security weaknesses and recommendations for best practices. The firm has successfully uncovered significant threats, potentially impacting millions of individuals, thereby demonstrating its effectiveness in enhancing cybersecurity measures for its clients.

Tabby

Series A in 2020
Tabby Inc. is a financial services company based in the United Arab Emirates that offers payment solutions for online and in-store purchases. The company provides consumers in the UAE and Saudi Arabia with a buy now, pay later option, allowing them to choose between making a deferred single payment or paying in multiple installments. Tabby's proprietary decision engine facilitates instant checkouts, enabling customers to make purchases without incurring additional costs. This approach allows consumers to utilize flexible credit while ensuring secure payment methods.

Salla

Series A in 2020
Salla Holding Limited is a Saudi-based e-commerce platform founded in 2016 and headquartered in Jeddah. The company specializes in providing tools that enable users to create and manage Arabic e-commerce stores. Through its digital platform, Salla allows users to select from various design templates and customize their store with a unique domain name. The platform facilitates the sale of products and services online, offering features such as inventory management, automatic invoicing, and integration with social media platforms like Instagram. Additionally, Salla provides store owners with access to various reports and tools, including customer database management, promotional options, and the ability to block customers, thereby enhancing the overall management of their online businesses.

Wajeez

Pre Seed Round in 2020
Operator of an online reader's marketplace intended to sell books online. The company's marketplace offers a wide variety of books in the form of paperbacks and audiobooks from various authors and is shipped all over the world, enabling readers to have access to scientific, educational, and storybooks.

Noon Academy

Series B in 2020
Noon Academy is an online learning platform that facilitates collaborative and interactive education for students. Founded in 2013 and headquartered in Riyadh, Saudi Arabia, with additional offices in Cairo, Egypt, and Bengaluru, India, the platform boasts over six million registered users. Noon Academy allows students to engage in group studies, compete with peers, and access on-demand tutoring, while also providing teachers with opportunities to build a following and earn income based on performance and reviews. The platform integrates social and gamification elements, enhancing the learning experience through study groups, peer engagement, and contests. With a notable growth in active users, Noon Academy is recognized as a leading e-learning platform in Saudi Arabia and Egypt, and is preparing to expand its reach into India, Iraq, and Pakistan.

Nana

Series B in 2020
Nana is an online grocery platform that provides doorstep deliveries of groceries and other home essentials. The company's platform offers a wide assortment of groceries, fruits, and vegetables, cosmetics, electronics, bakery items, and flowers that enables consumers to purchase products online and get them delivered to their homes. Nana was established in 2016 and is headquartered in Riyadh, Ar Riyad, Saudi Arabia.

Vezeeta

Series D in 2020
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, that connects patients with healthcare providers across the Middle East and Africa. Founded in 2011, the platform allows patients to search, compare, book, and review healthcare services in countries such as Egypt, Saudi Arabia, Jordan, and Lebanon. With over 200,000 verified reviews, users can quickly find and schedule appointments with doctors, enhancing their access to quality healthcare. Additionally, Vezeeta offers innovative software solutions for healthcare providers, facilitating efficient clinic management and improving the overall patient experience. The platform aims to empower millions of patients by leveraging data to create better healthcare accessibility in the region.

TruKKer

Series A in 2019
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.

Noon Academy

Series A in 2019
Noon Academy is an online learning platform that facilitates collaborative and interactive education for students. Founded in 2013 and headquartered in Riyadh, Saudi Arabia, with additional offices in Cairo, Egypt, and Bengaluru, India, the platform boasts over six million registered users. Noon Academy allows students to engage in group studies, compete with peers, and access on-demand tutoring, while also providing teachers with opportunities to build a following and earn income based on performance and reviews. The platform integrates social and gamification elements, enhancing the learning experience through study groups, peer engagement, and contests. With a notable growth in active users, Noon Academy is recognized as a leading e-learning platform in Saudi Arabia and Egypt, and is preparing to expand its reach into India, Iraq, and Pakistan.

MRSOOL

Series A in 2019
MRSOOL is an on-demand delivery service based in Riyadh, Saudi Arabia, founded in 2015. The company enables consumers to place orders for various products from any store within its operational cities, facilitating the transportation of goods directly to their homes. MRSOOL connects users with nearby individuals who assist in fulfilling these delivery tasks, effectively offering a crowd-sourced concierge service that is accessible to a wide audience.

Careem

Series F in 2018
Careem is an online booking platform that connects passengers with local drivers, providing a marketplace where users can request rides within minutes. Founded on June 15, 2012, by Abdulla Elyas, Magnus Olsson, and Mudassir Sheika, the company is headquartered in Dubai, United Arab Emirates. Careem's platform allows passengers to view ride costs upfront and facilitates payment through their chosen credit card, making transportation both accessible and convenient. The service aims to offer affordable transportation options to its users by leveraging a community-driven network of drivers.

Unifonic

Series A in 2018
Unifonic Inc. specializes in cloud communication solutions, offering a range of services including SMS, voice, phone number verification, and real-time roaming detection. Founded in 2006 and based in Riyadh, Saudi Arabia, the company aims to make cloud communications more accessible and cost-efficient. Unifonic simplifies the integration of powerful messaging and voice capabilities by providing single APIs that connect clients directly to their cloud platform, eliminating the need for hardware or network operators. The company has partnered with notable clients such as Haier, Aramex, Easy Taxi, Careem, Medgulf, and Arabia Insurance. Additionally, Unifonic has collaborated with Facebook to support the WhatsApp Business API for enterprises, enhancing its offerings in the communication sector.

Vezeeta

Series C in 2018
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, that connects patients with healthcare providers across the Middle East and Africa. Founded in 2011, the platform allows patients to search, compare, book, and review healthcare services in countries such as Egypt, Saudi Arabia, Jordan, and Lebanon. With over 200,000 verified reviews, users can quickly find and schedule appointments with doctors, enhancing their access to quality healthcare. Additionally, Vezeeta offers innovative software solutions for healthcare providers, facilitating efficient clinic management and improving the overall patient experience. The platform aims to empower millions of patients by leveraging data to create better healthcare accessibility in the region.

Telfaz11

Series A in 2018
Telfaz11 is a media production company based in Riyadh, Saudi Arabia, established in 2011. It operates an Arabic multi-channel network focused on talent management, comedy, entertainment, and content creation. The company specializes in producing and distributing engaging online content, partnering with various video platforms to reach a wider audience. Telfaz11 aims to influence social trends while delivering premium, authentic series and films that resonate both locally and universally. In addition to entertainment production, Telfaz11 offers brand promotion services, enabling brands to effectively engage with consumers through captivating content.

Proof

Seed Round in 2018
Proof Technologies, Inc. develops and offers software, which personalizes website according to the visitor. It provides notifications of real people taking action on the website. The company was founded in 2017 and is based in Austin, Texas.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.