Riyadh Valley Company

Established in 2010, Riyadh Valley Company is a Saudi Arabian initiative aimed at transforming the country's economy from oil-based to knowledge-driven. It fosters innovation culture, entrepreneurship, and investments in sectors such as healthcare, renewable energy, technology, logistics, and education.

Mazin Alzaidi Ph.D

Member of the Investment and Finance Committee

Khalid Al-Saleh

CEO

13 past transactions

Noon Academy

Series B in 2023
Noon Academy is a prominent edtech company based in Riyadh, Saudi Arabia, with additional offices in Cairo, Egypt, and Bengaluru, India. Established in 2013, it operates an online learning platform that has served over 12 million students across the Middle East. The platform facilitates collaborative learning by allowing students to study in groups, compete with peers, and access on-demand tutoring. It offers a range of educational content, including free resources and subscription-based services for advanced materials and private tutoring. Noon Academy aims to enhance the learning experience by blending technology with peer-to-peer interactions, making education more engaging and accessible, especially for exam preparation. The company is committed to connecting students with the best teachers, regardless of location, thus expanding its impact in the region and beyond.

TruKKer

Series C in 2022
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.

Rutilea

Series B in 2022
Rutilea is an IT company that uses open-source approaches to address social issues and advances automation and data-driven decision-making through AI, including a concept described as 'AI teaching AI'. The company develops a zero-code task recognition system that uses multimodal AI to accurately recognize tasks across varied environments, supporting data-driven decisions and operational efficiency, and enabling factories and stores to automate operations, improving productivity, efficiency, quality, and safety.

Prokarium

Series B in 2020
Prokarium is a biopharmaceutical company developing microbial immunotherapy and cancer vaccines through a synthetic biology platform. It focuses on immuno-oncology programs designed to evoke durable antitumor responses by re-engineering biological processes to stimulate the immune system. The lead program targets bladder cancer, aiming to transform treatment by orchestrating immune-driven, long-lasting antitumor effects.

SecuLetter

Series B in 2020
SecuLetter Co Ltd is a company that specializes in cybersecurity solutions designed to combat a range of cyber threats, including malware and phishing attacks. Utilizing hybrid approaches that combine both static and dynamic analysis, SecuLetter effectively detects unknown attacks, even when cybercriminals attempt to conceal malicious links and attachments. The company focuses on diagnosing and analyzing security vulnerabilities at the assembly level of non-executable files, enabling it to achieve a high detection rate for security threats and exploits. SecuLetter's primary business areas encompass email security, secure data transmission between networks, web service file security, document centralization, cloud support security, and security threat intelligence, ensuring comprehensive protection against emerging cyber threats.

SecuLetter

Series B in 2019
SecuLetter Co Ltd is a company that specializes in cybersecurity solutions designed to combat a range of cyber threats, including malware and phishing attacks. Utilizing hybrid approaches that combine both static and dynamic analysis, SecuLetter effectively detects unknown attacks, even when cybercriminals attempt to conceal malicious links and attachments. The company focuses on diagnosing and analyzing security vulnerabilities at the assembly level of non-executable files, enabling it to achieve a high detection rate for security threats and exploits. SecuLetter's primary business areas encompass email security, secure data transmission between networks, web service file security, document centralization, cloud support security, and security threat intelligence, ensuring comprehensive protection against emerging cyber threats.

Prokarium

Series A in 2018
Prokarium is a biopharmaceutical company developing microbial immunotherapy and cancer vaccines through a synthetic biology platform. It focuses on immuno-oncology programs designed to evoke durable antitumor responses by re-engineering biological processes to stimulate the immune system. The lead program targets bladder cancer, aiming to transform treatment by orchestrating immune-driven, long-lasting antitumor effects.

Fastned

Post in 2016
Fastned constructs and operates fast-charging networks for electric vehicles, with a mission to accelerate sustainable mobility using renewable energy sources like solar and wind. Established in 2012, the company is headquartered in Amsterdam, Netherlands.

Sol Voltaics

Series C in 2016
Sol Voltaics AB is a nanotechnology company based in Lund, Sweden, established in 2007. It specializes in enhancing the efficiency of solar energy capture and generation by utilizing innovative nanomaterials. The company's flagship product, SolFilm, is a solar panel additive composed of gallium arsenide nanowires that significantly boosts the performance of silicon solar modules. This lightweight photonic film not only converts high-energy sunlight into electricity but is also transparent to infrared light, allowing for further energy conversion by underlying CIGS or silicon cells in a stacked configuration. By integrating these technologies, Sol Voltaics aims to increase conventional photovoltaic module efficiencies by up to 50%, positioning itself at the forefront of the next generation of solar energy solutions.

Sol Voltaics

Grant in 2016
Sol Voltaics AB is a nanotechnology company based in Lund, Sweden, established in 2007. It specializes in enhancing the efficiency of solar energy capture and generation by utilizing innovative nanomaterials. The company's flagship product, SolFilm, is a solar panel additive composed of gallium arsenide nanowires that significantly boosts the performance of silicon solar modules. This lightweight photonic film not only converts high-energy sunlight into electricity but is also transparent to infrared light, allowing for further energy conversion by underlying CIGS or silicon cells in a stacked configuration. By integrating these technologies, Sol Voltaics aims to increase conventional photovoltaic module efficiencies by up to 50%, positioning itself at the forefront of the next generation of solar energy solutions.

Saudi Smart Electronics

Venture Round in 2016
Saudi Smart Electronics is a manufacturer specializing in smart meters that measure electricity consumption. The company's products are designed to notify users of peak electricity consumption periods and are connected to the national grid. This connectivity allows clients to select options for electricity conservation, promoting efficient energy use. By focusing on innovative solutions for monitoring and managing electricity consumption, Saudi Smart Electronics plays a crucial role in enhancing energy efficiency and supporting sustainable practices within the energy sector.

Knowledge Developers

Venture Round in 2015
Knowledge Developers is an information technology firm that delivers software development, web applications, business management solutions and general IT services. The company develops IT products designed for cross-device access, helping organizations streamline information retrieval and integrate disparate systems across their operations.

Avidity Biosciences

Venture Round in 2014
Avidity Biosciences is a biopharmaceutical company developing antibody oligonucleotide conjugates to enable tissue-selective delivery and precision RNA therapies for serious diseases. Its AOC platform combines monoclonal antibody tissue targeting with oligonucleotide therapies to access previously undruggable tissues and genetic drivers. The lead candidate, AOC 1001, targets myotonic dystrophy type 1, and its muscle programs address muscle atrophy, Duchenne muscular dystrophy, facioscapulohumeral muscular dystrophy, and Pompe disease. The pipeline also includes immune and other cell-type programs, including Del-zota for DMD, Del-desiran for DM1, and Del-brax for FSHD. Avidity is based in La Jolla, California.
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