STV

STV is a venture capital firm in  Saudi Arabia that focuses on enabling its portfolio companies to scale. It is an independent VC fund that is anchored by STC (MENA's largest telecom operator) with access to its assets (e.g., network, channels, analytics, customer base, etc). Founded 2017 in Riyadh, Saudi Arabia, it invests in early stage ventures, late stage ventures, and seed. Its portfolio companies include Careem, Noon Academy, Unifonic, and Vezeeta. As of March 2020, STV has made nine investments. Their most recent investment was on February 11, 2020, when Vezeeta raised $40M. STV has had one exit, which was Careem. The company has raised two funds, their latest being STV Fund II.