SVC Invests in $150m Global Ventures III Fund
Saudi Venture Capital (SVC) has announced its investment in Global Ventures III, an early-stage venture capital fund managed by Dubai-based Global Ventures, with a fund size exceeding $150m.
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New opportunity for Abu Dhabi social tech startups
Abu Dhabi’s global tech ecosystem Hub71 has signed a Memorandum of Understanding (MoU) with the emirate’s Authority of Social Contribution – Ma’an as a way of helping accelerate social tech entrepreneurship and bringing lasting social impact to the emirate.
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Saudi foodtech startup Calo secures $25m in Series B funding
Riyadh-based foodtech startup Calo has raised $25m in a Series B funding round led by Nuwa Capital alongside STV, Khwarizmi Ventures, and regional family offices. The oversubscription caused Calo to extend the round to $50m, with a further $25m raise planned for Q1 2025.