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 Iraq

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.

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.
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