Riyadh - Sharikat Mubasher: Saudi Venture Capital (SVC) announced its investment in Khwarizmi Venture Capital Fund II, an early-stage Saudi VC fund managed by Khwarizmi Capital.
This investment is part of SVC’s mandate as a market maker in the Saudi VC ecosystem, enabling Saudi fund managers who back the next generation of high-growth Saudi companies, the company announced in a statement yesterday.
Khwarizmi Venture Capital Fund II focuses on supporting Seed-to-Series A investments in high-growth tech and tech-enabled startups. It sees strong potential in fintech, e-commerce, and AI applications across verticals.
Commenting on this milestone, Nora Alsarhan, Deputy CEO and CIO at SVC, said: “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.”
For his part, Abdulaziz AlTurki, Managing Partner of Khwarizmi Ventures, stated that the partnership with SVC 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,” he said.
Khwarizmi Venture Capital Fund II targets investments in more than 20 early-stage startups in Saudi Arabia and the GCC, providing capital ranging from $1 million to $5 million in Seed and Series A rounds.
