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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
Portfolio Count
Rounds of Entry
Series A, Seed & 5 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months

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:
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

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

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
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
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 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.
Here are STV's investments by stage:
Stage of entry
No. of Investments
Series A
14
Seed
10
Series B
5
Conventional Debt
1
Series C
1
Others
2
Breakdown of STV's investments by stage of entrySeries A (14)Seed (10)
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.
Here are STV's investments by sector:
Sector
No. of Investments
Consumer
11
Enterprise Applications
8
Retail
8
Food and Agriculture Tech
7
Gig Economy
6
Others
30
Breakdown of STV's investments by sectorsConsumer (11)Enterprise Applic... (8)
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.
Here are STV's investments by geography:
Country
No. of Investments
Saudi Arabia
20
United Arab Emirates
9
Egypt
2
Bahrain
1
Jordan
1
Others
1
Breakdown of STV's investments by countriesSaudi Arabia (20)United Arab Emirates (9)
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
Apr 21, 2026
Saudi Arabia
Series A
6125
Sep 15, 2025
-
Series B
1714
  [+7]
Aug 21, 2025
Saudi Arabia
Series B
5709
  [+4]
Jul 29, 2025
Bahrain
Series B
9993

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 STVRaed 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 STV68 investors entered a company along with STV. These include investors like Raed Ventures (7 companies).
  • Invested after STVA 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

Stake Closes $31M in Series B FundingFinSMEsFeb 19, 2026GFH Partners, Stake, STV, Mubadala and 4 others
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FAQs about STV

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