STC Ventures

Founded in 2012, STC Ventures is a venture capital fund based in Dubai. It focuses on equity investments in innovative companies within the information technology, telecommunications, and digital media/entertainment sectors. The fund aims to empower entrepreneurs globally while supporting regional development.

Aiman Al-Atiqi

Partner

Riyadh Al-Ruwais

Partner

Antoine Garrigues

Managing Partner

18 past transactions

Nile

Series C in 2023
Nile is disrupting the enterprise network market by modernizing IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, its Nile Access Service integrates zero trust security and offers performance guarantees. With Nile, IT organizations close the gap between their digital aspirations and legacy realities, reduce their total cost of ownership by more than 60%, and recover critical IT resources while their users gain superior connectivity. For more information, visit nilesecure.com/journey.

Yallacompare

Series C in 2019
Founded in 2011, Yallacompare is a leading finance comparison platform operating across nine Middle East and North Africa countries. It specializes in helping users compare banking products and insurance policies, enabling them to save thousands of dollars annually through informed decision-making.

Scality

Series E in 2018
Scality provides software-defined storage solutions, specializing in petabyte-scale object storage. Founded in 2009, Scality's flagship product, RING, enables businesses to store and manage vast amounts of data with high availability and performance. It serves major media, telecommunications, and cloud service providers worldwide.

Yallacompare

Series B in 2017
Founded in 2011, Yallacompare is a leading finance comparison platform operating across nine Middle East and North Africa countries. It specializes in helping users compare banking products and insurance policies, enabling them to save thousands of dollars annually through informed decision-making.

Modanisa

Venture Round in 2017
Modanisa is an online fashion retailer specializing in women's Islamic clothing, dresses, and accessories. The platform caters to women of all ages, offering a diverse range of modest apparel, including designer abayas and jilbabs from well-known brands. Modanisa also provides the latest hijab styles and fashion tips tailored for Muslim women, promoting contemporary fashion within conservative dress codes. With a global shipping and delivery service, the company allows customers worldwide to access its extensive collection, enabling them to stay fashionable while adhering to their cultural values.

Modanisa

Debt Financing in 2016
Modanisa is an online fashion retailer specializing in women's Islamic clothing, dresses, and accessories. The platform caters to women of all ages, offering a diverse range of modest apparel, including designer abayas and jilbabs from well-known brands. Modanisa also provides the latest hijab styles and fashion tips tailored for Muslim women, promoting contemporary fashion within conservative dress codes. With a global shipping and delivery service, the company allows customers worldwide to access its extensive collection, enabling them to stay fashionable while adhering to their cultural values.

Yallacompare

Series A in 2016
Founded in 2011, Yallacompare is a leading finance comparison platform operating across nine Middle East and North Africa countries. It specializes in helping users compare banking products and insurance policies, enabling them to save thousands of dollars annually through informed decision-making.

Careem

Series C in 2015
Careem operates a car booking platform that connects passengers with local drivers via a marketplace of community drivers. The platform lets users request a ride in minutes, see the fare, and pay with a credit card, providing access to convenient and affordable transportation.

Aquto

Series B in 2015
Aquto, established in 2012 and based in Boston, Massachusetts, operates as a cloud-based service that facilitates mobile data monetization. It offers a sponsored data platform, enabling mobile network operators to generate revenue from their cellular internet data connectivity. Aquto's platform, which includes applications like Kickbit and MoVE, rewards users with mobile data in exchange for engaging with advertisements, completing tasks, or interacting with sponsored content. This model benefits consumers by providing more affordable internet access, while also serving businesses and advertisers seeking to enhance mobile engagement. As of 2018, Aquto operates as a subsidiary of Mavenir Systems.

Yallacompare

Series A in 2015
Founded in 2011, Yallacompare is a leading finance comparison platform operating across nine Middle East and North Africa countries. It specializes in helping users compare banking products and insurance policies, enabling them to save thousands of dollars annually through informed decision-making.

Scality

Series D in 2015
Scality provides software-defined storage solutions, specializing in petabyte-scale object storage. Founded in 2009, Scality's flagship product, RING, enables businesses to store and manage vast amounts of data with high availability and performance. It serves major media, telecommunications, and cloud service providers worldwide.

Gengo

Series C in 2015
Gengo, Inc. is a translation service provider that operates a professional human translation platform, facilitating connections between individuals and businesses and a community of over 18,000 qualified translators from 114 countries. Founded in 2008 and headquartered in Tokyo, Japan, with an office in San Mateo, California, Gengo offers its services through a web platform and an open API, enabling clients to order translations for various content types, including product descriptions and social media posts, in multiple languages. The company serves a diverse clientele, including notable names such as JTB, TripAdvisor, BuzzFeed, and Rakuten. Gengo's platform is designed to provide higher quality translations compared to machine translation, while also ensuring quicker delivery times than traditional translation service providers. As of December 31, 2018, Gengo operates as a subsidiary of Lionbridge Technologies, Inc.

DT One

Series B in 2015
DT One operates a global network focused on mobile top-up solutions and digital rewards, aiming to enhance connectivity for over five billion people in emerging economies. The company interconnects more than 550 mobile operators across 160 countries, providing accessible digital communication tools that facilitate participation in the global economy. Through its digital micropayment platform, DT One enables businesses to offer cross-border transfers of mobile top-ups, data bundles, gaming pins, and gift cards. This service ensures that individuals can maintain their social connections and access essential digital services.

Modanisa

Series A in 2015
Modanisa is an online fashion retailer specializing in women's Islamic clothing, dresses, and accessories. The platform caters to women of all ages, offering a diverse range of modest apparel, including designer abayas and jilbabs from well-known brands. Modanisa also provides the latest hijab styles and fashion tips tailored for Muslim women, promoting contemporary fashion within conservative dress codes. With a global shipping and delivery service, the company allows customers worldwide to access its extensive collection, enabling them to stay fashionable while adhering to their cultural values.

Careem

Series B in 2014
Careem operates a car booking platform that connects passengers with local drivers via a marketplace of community drivers. The platform lets users request a ride in minutes, see the fare, and pay with a credit card, providing access to convenient and affordable transportation.

Glambox ME

Seed Round in 2013
Glambox ME, established in January 2012, is a subscription-based beauty service catering to women in the Middle East. The company specializes in delivering curated boxes containing 4-5 miniatures of cosmetics, skincare, hair care, and fragrance products each month. This service provides subscribers with an opportunity to discover and experience the latest beauty trends and products that they may not typically try. By offering these boxes directly to customers' doorsteps, Glambox ME aims to enhance the beauty shopping experience and keep its clientele informed about seasonal trends in the industry. The company's services are available in the United Arab Emirates and Saudi Arabia.

Careem

Seed Round in 2013
Careem operates a car booking platform that connects passengers with local drivers via a marketplace of community drivers. The platform lets users request a ride in minutes, see the fare, and pay with a credit card, providing access to convenient and affordable transportation.

Gengo

Series B in 2013
Gengo, Inc. is a translation service provider that operates a professional human translation platform, facilitating connections between individuals and businesses and a community of over 18,000 qualified translators from 114 countries. Founded in 2008 and headquartered in Tokyo, Japan, with an office in San Mateo, California, Gengo offers its services through a web platform and an open API, enabling clients to order translations for various content types, including product descriptions and social media posts, in multiple languages. The company serves a diverse clientele, including notable names such as JTB, TripAdvisor, BuzzFeed, and Rakuten. Gengo's platform is designed to provide higher quality translations compared to machine translation, while also ensuring quicker delivery times than traditional translation service providers. As of December 31, 2018, Gengo operates as a subsidiary of Lionbridge Technologies, Inc.
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