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

Partner

Ahmad AlNaimi

General Partner

Yazeed Alturki

Principal

Nahim Bapikee

Investment Associate

Talal Damen

Senior Associate

Hani Enaya

Partner

Ihsan Jawad

General Partner

Past deals in Dubai

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.

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.

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.

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.

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.

Careem

Series F in 2018
Careem operates a car booking platform that connects passengers with local drivers. The company's platform provides a marketplace of community drivers where passengers can request a ride in minutes, see the cost, and have it charged to their credit card of choice, giving passengers access to affordable and advantageous transportation.
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