Saudi Venture Capital Invests $30 Million in General Atlantic’s Equity Fund
1 min
Saudi Venture Capital (SVC) invests $30 million in a private equity fund managed by General Atlantic.
The investment aims to attract top global fund managers and boost later-stage investments in key sectors within Saudi Arabia.
This partnership aligns with Saudi Arabia's Vision 2030 to stimulate economic growth and innovation.
Saudi Venture Capital (SVC) has invested $30 million in a private equity fund managed by General Atlantic, a major global investor with over four decades of experience and $84 billion in assets under management.
The investment is part of SVC's strategy to attract leading global fund managers and stimulate later-stage investments in Saudi-based tech-enabled companies across key sectors including consumer, financial services, healthcare, life sciences, and technology.
Dr. Nabeel Koshak, CEO of SVC, emphasized that this partnership aligns with Saudi Arabia's Vision 2030 goals of fostering growth and innovation. Bill Ford, CEO of General Atlantic, expressed pride in partnering with SVC, highlighting the potential for dynamic growth and attractive investment opportunities in the region.
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