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

Waleed Alballaa

Partner

Ahmad Alshammari

Partner

Yazeed Alturki

Senior Associate

Nahim Bapikee

Investment Associate

Talal Damen

Senior Associate

Ihsan Jawad

General Partner

Abdulrahman Tarabzouni

Founder and CEO

Past deals in Dubai

Invygo

Series A in 2024
Invygo is the first and largest car subscription service in the MENA region, offering consumers an all-inclusive monthly subscription model through a user-friendly mobile app. Founded in 2018 in Dubai by Eslam Hussein and Pulkit Ganjoo, Invygo enables users to access passenger vehicles without the financial burdens associated with traditional car ownership. The platform allows for customizable month-to-month subscriptions, providing flexibility for users to return or upgrade their vehicles without penalties. Additionally, Invygo supports car dealers by offering a new business model that helps them generate revenue while minimizing depreciation and operational costs. Overall, Invygo aims to create accessible mobility options with a hassle-free experience for both consumers and dealers.

SpiderSilk

Venture Round in 2023
spiderSilk Security 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 combining proprietary machine-driven technology with the expertise of ethical hackers, spiderSilk enhances its capability to identify security vulnerabilities in applications across both public and internal infrastructures. Their methodologies enable impactful simulations that have potential implications for millions of individuals. In addition to its simulation services, spiderSilk offers advisory services that provide organizations with critical insights into security weaknesses and recommend best practices for improvement. The firm continuously monitors assets and attack surfaces to ensure comprehensive protection against emerging threats.

SpiderSilk

Seed Round in 2021
spiderSilk Security 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 combining proprietary machine-driven technology with the expertise of ethical hackers, spiderSilk enhances its capability to identify security vulnerabilities in applications across both public and internal infrastructures. Their methodologies enable impactful simulations that have potential implications for millions of individuals. In addition to its simulation services, spiderSilk offers advisory services that provide organizations with critical insights into security weaknesses and recommend best practices for improvement. The firm continuously monitors assets and attack surfaces to ensure comprehensive protection against emerging threats.
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