Saudi Venture Capital (SVC) has announced its investment in Khwarizmi Venture Capital Fund 2, managed by Khwarizmi Capital, an entity licensed by the Capital Market Authority of Saudi Arabia.
According to the statement, the fund focuses on Seed-to-Series A investments in high-growth tech and tech-enabled startups. While sector-agnostic, the fund sees strong potential in fintech, eCommerce, and AI applications across verticals.
Nora Alsarhan, Deputy CEO and CIO at SVC, said that, “Our investment in Khwarizmi Venture Capital Fund 2 is driven by our mandate as a market maker in Saudi Arabia’s venture capital ecosystem. Through these investments, we back Saudi fund managers who invest in early-stage startups and broaden funding options for founders building the next generation of high-growth Saudi companies.”
Abdulaziz AlTurki, Managing Partner of Khwarizmi Ventures, noted that, “This partnership represents a shared commitment to empowering entrepreneurs and accelerating the growth of high-potential technology startups.”
“With the support of SVC, we will continue to invest in exceptional founders, helping them build scalable companies that drive innovation, create economic value, and strengthen Saudi Arabia’s position as a leading hub for entrepreneurship and venture capital in the region,” AlTurki further added.
Saudi Venture Capital (SVC)
SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund. SVC is dedicated to fostering growth and ensuring continuous access to capital for startups and SMEs across all stages of development, from pre-Seed to pre-IPO.
The organization achieves this by strategically investing both directly in promising startups and SMEs and indirectly through participation in specialized investment funds, thereby strengthening the broader entrepreneurial ecosystem.
