About STV
STV is a venture capital firm founded in 2017. It is primarily based out of Riyadh, Saudi Arabia. As of May 2026, STV is an active investor, having invested in 36 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in Saudi Arabia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Seed round of Stream Overall, STV portfolio has seen 2 unicorns and 3 acquisitions including key companies like Tabby, Careem and Jasper AI. A lot of funds co-invest with STV, with names like Raed Ventures sharing a substantial percentage of its portfolio. STV has team of 13 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 5 more
Portfolio Acquisitions
STV's List of Top Investments
STV has a portfolio of 36 companies, including 2 unicorns. Their most notable investments are in Abyan Financial and Vezeeta.Their portfolio spans across Saudi Arabia, United Arab Emirates, United States and 4 more locations. They have invested in Enterprise Applications, Consumer, Retail and 17 other sectors, across stages such as Series A, Seed and 5 more. Here is the list of top investments by STV:1. Tabby
Provider of purchase financing solutions for businesses. The platform enables users to purchase from multiple online stores and allows to repay the amount in equal installments. It offers a credit card offering buy now pay later loans with installment-based repayment options. It allows users to split purchases into four interest-free payments, both online and in-store. The platform also offers shopping assistant that lets users discover and track products, brands and deals in the application.
Key facts about Tabby
- Founded Year: 2019
- Location: Riyadh (Saudi Arabia)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $604M
- Employee Count: 4,376 as on May 31, 2026
- Investors: Mubadala, Delivery Hero and 28 Others
- Latest Funding Round: Series E, Feb 12, 2025, $*****
- Highlight: Editors' Pick

2. Careem
App-based ride-hailing aggregator. Users can book rides by providing location, passenger details, payment details, and more. The platform also offers services like food delivery, recharge services, grocery delivery services, and more. Apps are available for Android and iOS users.
Key facts about Careem
- Founded Year: 2012
- Location: Dubai (United Arab Emirates)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $772M
- Employee Count: 6,539 as on May 31, 2026
- Investors: Kuwait Investment Authority, Kingdom Holding Company and 26 Others
- Latest Funding Round: Series F, Oct 18, 2018, $*****
- Highlight: Acquired
3. Vezeeta
Online platform for doctor appointment booking and doctor consultation. The platform provides data management and analytical solutions for appointments and measurement of the clinic’s performance, as well as patients’ online medical reports. The company is working to provide with interactive communication features between doctor and patient during the treatment and follow-up periods through text messages, reminders, and discussion sessions about their test results and medication side effects.
Key facts about Vezeeta
- Founded Year: 2012
- Location: Masr Al Jadidah (Egypt)
- Stage: Series D
- Total Funding till date: $63M
- Employee Count: 427 as on May 31, 2026
- Investors: Crescent Enterprises, COTU Ventures and 10 Others
- Latest Funding Round: Series D, Oct 11, 2022, $*****
- Highlight: Editors' Pick
4. Foodics
Cloud-based POS and restaurant management system for efficient operations. Offers a comprehensive suite of solutions designed to streamline restaurant management, from point of sale to accounting. Their offerings include features like online ordering, waiter apps, kitchen display screens, and customer loyalty programs. They provide tools for businesses to manage payments, inventory, and customer relationships effectively. The platform integrates various applications through an app marketplace, enhancing business capabilities in areas like marketing, accounting, delivery, and online ordering. They empower restaurants to optimize daily operations, improve customer service, and gain valuable business insights through business intelligence tools. They offer resources like a help center, blog, and partner programs, supporting businesses in the food and beverage industry. They provide pricing options and demo requests, catering to diverse business needs with solutions like self-ordering, pay at table, and Foodics Pay.
Key facts about Foodics
- Founded Year: 2014
- Location: Riyadh (Saudi Arabia)
- Stage: Series C
- Total Funding till date: $198M
- Employee Count: 1,136 as on May 31, 2026
- Investors: Prosus, PROSPER and 15 Others
- Latest Funding Round: Series C, Aug 01, 2025, $*****
- Highlight: Editors' Pick

5. Floward
Floward is an online gifting platform offering flowers. Its catalog includes flower bouquets, flower vases for different occasions. It provides customization features to users including selecting florists of their choice. The mobile application is available for Android and iOS users.
Key facts about Floward
- Founded Year: 2017
- Location: Riyadh (Saudi Arabia)
- Stage: Series C
- Total Funding till date: $190M
- Employee Count: 940 as on May 31, 2026
- Investors: Impact46, STV and 5 Others
- Latest Funding Round: Series C, Feb 07, 2023, $*****
- Highlight: Editors' Pick
STV's Year-on-Year Investment Trends
STV has invested in 36 companies over the last 8 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 6 investments, while as of May 2026, it has made 2 investments in this year. Its most recent first time investment was in Stream and most recent follow-on round was in Gathern.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 3 | 3 | 6 |
2024 | 2 | 3 | 5 |
2023 | 0 | 6 | 6 |
2022 | 5 | 5 | 10 |
2021 | 11 | 2 | 13 |
2020 | 4 | 2 | 6 |
2019 | 2 | 0 | 2 |
2018 | 4 | 0 | 4 |
STV's Investments by Stage
STV has made 14 investments in Series A stage with an average round size of $17.1M, 10 investments in Seed stage with an average round size of $6.92M and 5 investments in Series B stage with an average round size of $21.8M.Stage of entry | No. of Investments |
|---|---|
Series A | 14 |
Seed | 10 |
Series B | 5 |
Conventional Debt | 1 |
Series C | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
STV's Investments by Sector
STV has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Food and Agriculture Tech and Gig Economy. Notably, it has invested in 30 Tech companies, 18 Consumer (B2C) companies, 18 Enterprise (B2B) companies and at least 14 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 11 |
Enterprise Applications | 8 |
Retail | 8 |
Food and Agriculture Tech | 7 |
Gig Economy | 6 |
Others | 30 |
Note: We have considered here, only first round of investments
STV's Investments by Geography
STV has made most investments in Saudi Arabia (20), followed by United Arab Emirates where it has made 9 investments.Country | No. of Investments |
|---|---|
Saudi Arabia | 20 |
United Arab Emirates | 9 |
Egypt | 2 |
Bahrain | 1 |
Jordan | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
STV's recent investments
STV has made 2 investments in 2026 so far - Stream and Signit.Here are the most recent investments by STV:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 12, 2026 | Saudi Arabia | Seed | 5072 | [+4] | |
Apr 21, 2026 | Saudi Arabia | Series A | 6125 | [+3] | |
Sep 15, 2025 | - | Series B | 1714 | [+7] | |
Aug 21, 2025 | Saudi Arabia | Series B | 5709 | [+4] | |
Jul 29, 2025 | Bahrain | Series B | 9993 | [+4] |
Unicorns in STV's Portfolio
STV has 2 unicorns in its portfolio - Tabby and Jasper AI. The most recent unicorn in their portfolio is Tabby. It became a unicorn in 2023, 2 years after STV first invested in it.Here is a list of unicorns in STV's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
83 | Provider of purchase financing solutions for businesses | 2019 | Riyadh | Series E | fextnsf | ||
64 | AI and SaaS-based platform for content creation | 2017 | Austin | Series A | ycmqefk |
Acquired companies in STV's Portfolio
3 companies from STV's portfolio have been acquired. The most recent acquisition was SpiderSilk in May 2025 by CPX for $*****.Here are STV's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 06, 2025 | Jan 25, 2021 | Seed | 6116 | |
Sep 03, 2024 | Jun 21, 2021 | Seed | 6182 | |
Apr 10, 2023 | Oct 18, 2018 | Series F | 1115 |
Team profile of STV
STV has a team of 13 members including 5 Partners and 2 Principals located in Saudi Arabia and United Arab Emirates. STV's team does not sit on the board of any company as of now.Here is a list of top team members in STV:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Saudi Arabia | - | ||
Partner | Saudi Arabia | - | ||
Partner | Saudi Arabia | - | ||
Partner | Riyadh | - | ||
Partner | United Arab Emirates | - | ||
Principal | United Arab Emirates | - | ||
Principal | United Arab Emirates | - |
Co-investors of STV
Over the past 8 years, 221 investors have co-invested in STV's portfolio companies. This includes funds and angels.
- Invested before STV: Raed Ventures, 500 Global and 85 others have invested in rounds before STV. There are 7 companies where Raed Ventures has invested before STV and 6 companies where 500 Global has invested before STV.
- Top Co-investors of STV: 68 investors entered a company along with STV. These include investors like Raed Ventures (7 companies).
- Invested after STV: A total of 66 investors have invested in STV's portfolio after their investments. Top Investors include Endeavor (5 companies), Sanabil (4 companies) and Partners For Growth (2 companies).
Recent News related to STV
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Saudi Tech Startup Signit Raises $15M in Series A Led by Raed VenturesCairoScene•Apr 21, 2026•Takamol, Suhail, Signit, Seedra Ventures and 3 others
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Stake Closes $31M in Series B FundingFinSMEs•Feb 19, 2026•GFH Partners, Stake, STV, Mubadala and 4 others
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Leejam Sports obtains $93.3mln loan from Emirates NBDZawya•Feb 03, 2026•Fitness Time, Emirates NBD, Stake, Mubadala and 6 others
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Saudi rental platform Gathern secures $72m to expand abroadTech in Asia•Sep 24, 2025•STV, Gathern, Sanabil
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UK Safe AI Clarity Raises €11.2 Million for Customer ExperienceFrenchWeb•Sep 23, 2025•Sukna Ventures, Prosus, Clarity AI, STV and 2 others
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Clarity Secures $12M Funding to Expand AI Teams for Customer Experience PlatformMrWeb•Sep 16, 2025•Prosus, STV, Neo, Oraseya Capital and 8 others
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Kamco Invest Acquires Stake in Saudi Foodtech Leader FoodicsMeatechwatch•Jul 31, 2025•Kamco Invest, Foodics, Sequoia Capital, Endeavor and 4 others
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Saudi’s Sawt secures $1M pre-seed for Arabic AI call center automationMENAbytes•Jul 28, 2025•STV, T2 Capital Management, Sawt
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Tabby Raises $160m Series E Funding at $3.3b ValuationFintech Finance•Feb 12, 2025•Tabby, Blue Pool Capital, Hassana, Tweeq and 10 others