Fundraising Fox

STV

Venture capital

Dubai · Seed–Late Stage · 17 people tracked

Find your way into STV

4,116 people in our graph share verified history with the STV team — schools, employers, funds. One of them is your warm intro.

Nancy Wangunlockedknows Abdulrahman Tarabzouni · together at Google (overlapped)
×4knows the team · via Google
×3knows the team · via Morgan Stanley
knows the team · via YPO
knows the team · via Endeavor
×2knows the team · via Kauffman Fellows
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Investment thesis

STV backs technology companies across MENA, providing capital, insights, networks, and resources to help startups gain a competitive edge. Operating since 2018, the firm invests across venture capital and growth equity, and has launched a dedicated AI Fund (backed by Google) to support AI-native startups at early stages and accelerate their growth beyond the region. STV also runs STV Alpha, a track designed to attract top talent into venture capital and entrepreneurship, giving participants hands-on venture investing experience while exploring building their own ventures.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
Check
$2.1M – $54M
HQ
Dubai, AE
Leads rounds
Leads
Instruments
Equity
Founded
2018
Last 12 months
1 investment
AUM
$100M
Tracked investments
39
Unicorns
3
Acquisitions
1

Team · 17 people

from the firm's website
Sietse van de Kerkhof· Investment Managerin
Dina Alnumay· Investment Analystin
Komiljon Kuljonov· Investment Associatein
Madiha Loveless· Finance & IR Directorin
Mohannad Alrokaini· Investment Analystin

Founder mafia

2 people who came through STV went on to found or lead other companies.

What they invest in

from 33 of 39 portfolio companies

Fintech ×12Consumer ×11AI & Machine Learning ×9SaaS ×8E-commerce ×6Marketplaces ×6B2B Marketplaces ×5Logistics & Supply Chain ×5

HQs:Saudi Arabia×18United Arab Emirates×6United States×2Bahrain×1Egypt×1India×1

Investments · 39 tracked

founders shown can be your intro path

By year:2026 · 12025 · 42024 · 12023 · 22022 · 42021 · 42020 · 117 dated

Leversuselevers.comin𝕏✓ verified

Levers is a B2B finance software platform that modernizes accounts receivable processes and financial operations for businesses.

AI & Machine LearningEnterprise SoftwareFintechSaaSJeddah, SA

Ammar Alkhouli(Founder)inMotasim Zawawi(Founder)in

Co-investorsShorooq PartnersY Combinator

Abyancapitalabyancapital.sain𝕏

Abyan Capital offers Shariah-compliant investment portfolios for individuals, including money market funds with daily returns and a Saudi equity portfolio.

Fintech

Buildnowbuildnow.sain𝕏Feb 2025 · $9.7M

Aajil provides Sharia-compliant purchase financing for businesses in Saudi Arabia, buying the materials a company needs and paying the supplier directly while the business repays over a flexible term of two to twelve months.

B2B MarketplacesFintech

Rahat Dewan(Founder)in

Co-investorsKhwarizmi VenturesRAED Ventures

Calocalo.appin𝕏

Calo is a meal subscription service that delivers fresh, ready-to-eat meals personalized to customers' dietary goals, designed by nutritionists and prepared by chefs with daily delivery and menu customization via an app.

ConsumerDirect to ConsumerFoodTechMedia & Entertainment

Ahmed Al RawiMahmood Shehabi

Co-investors500 GlobalKhwarizmi VenturesNuwa CapitalVision VenturesNama Ventures

Careemcareem.comin𝕏Acquired

Careem operates an "everything app" for the greater Middle East, offering ride-hailing, food and grocery delivery, and payments to consumers across the region.

ConsumerFintechLogistics & Supply ChainMobility & TransportationDubai, AE

Karl Magnus Olsson(Founder)in

Co-investorsUberCedar Mundi VenturesCoatue ManagementCOTU VenturesDCM VenturesIris Capital+5 more

D360d360.comin𝕏

D360 is a Saudi digital bank offering Sharia-compliant banking services, including a travel card with no international fees and family/dependent spending controls.

Fintech

Akram Alahmadi(Founder)

Fireflyfireflyon.comin𝕏

Firefly operates a network of digital advertising screens on vehicles including car top displays and branded wraps on taxis and rideshare vehicles, delivering geo-targeted and contextually relevant messages to urban audiences across 60,000+ screens in the U.S. and 7 countries globally.

AdTechMarketing TechMarketplacesMedia & EntertainmentMobility & TransportationNew York City, US

Kaan Gunay(Co-Founder and CEO)inOnur KardeşlerSteve Cymerman

Co-investorsNFX500 Emerging Europe500 GlobalCaruso VenturesChesterfield FundMaC Venture Capital+8 more

Flowardfloward.cominFeb 2023 · $156M

Floward is a Saudi Arabia-based company that operates an online flower and gift delivery service.

ConsumerE-commerce

Abdulaziz Al Loughaniin

Co-investors500 GlobalAljazira CapitalFaith CapitalImpact46

FOODICSfoodics.comin𝕏Apr 2022 · $170M

Foodics provides a cloud-based point-of-sale and restaurant management system that lets food and beverage businesses handle orders, payments, inventory, customer loyalty programs, and integrations through an app marketplace.

FoodTechFuture of WorkMedia & EntertainmentRetail TechSaaS

Ahmad Al-ZainiMusab AlothmaniClare RaveninMahmoud Yousef

Co-investors500 GlobalCedar Mundi VenturesJabbar Internet GroupPeak XV PartnersRAED VenturesSavour Ventures+5 more

Gatherngathern.coin𝕏May 2021 · $6M

Gathern is an online booking platform for short-term rental properties in Saudi Arabia, offering chalets, farms, campsites, villas, apartments, studios, and resort units across more than 180 cities.

MarketplacesPropTechTravel & Hospitality

Eman AlsuwaileminLatifah Altamimiin

Co-investors500 GlobalVision VenturesEndeavor CatalystNuwa CapitalSanabil Investments

Golden Scentgoldenscent.comin𝕏

Golden Scent is an online retailer of perfumes, cosmetics, skincare, haircare, home fragrance, and personal care products from a wide range of international and Arabic brands.

ConsumerE-commerceRetail Tech

Co-investorsEQ2 VenturesRAED VenturesWamda Capital

Homzmarthomzmart.comin𝕏Aug 2022 · $23M

Homzmart is an online marketplace for home furniture and furnishings, selling sofas, dining sets, bedroom furniture, kids' furniture, home appliances, lighting, and decor to consumers in Egypt.

ConsumerE-commerceMarketplacesPropTech

Mahmud IbrahimMahmoud Ibrahim(Founder)inRamy E. Husseinin

Co-investors500 GlobalEQ2 VenturesMSA NovoNuwa CapitalOutliers VCImpact46+3 more

Intelmatixintelmatix.aiin𝕏

Intelmatix offers EDIX, an AI-driven decision intelligence platform tailored to the finance and investment sector for tasks such as demand forecasting, market/site selection, talent acquisition, regulatory compliance, fraud detection, and performance monitoring.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Co-investorsShorooq Partners

Invygoinvygo.comin𝕏Oct 2024 · $8M

Invygo operates a car subscription and ownership platform in the Middle East, offering monthly rentals, weekly/daily short-term plans, and a 36-month subscribe-to-own model for car ownership without traditional bank financing.

B2B MarketplacesFintechMobility & TransportationDubai, AE

Eslam Ahmed HusseininPulkit Ganjoo

Co-investors500 GlobalAmaana CapitalEQ2 VenturesMiddle East Venture Partners (MEVP)Knollwood Investment AdvisorySignal Peak Ventures

Jasper.aijasper.aiin𝕏May 2022

Jasper provides an AI-powered platform for marketers and creators to generate and refine content.

AI & Machine LearningCreator EconomyEnterprise SoftwareMarketing TechSaaSAustin, US

Chris Hull(Founder/Vice President of Customer Success)inJP Morgan(Founder/CTO)inDave Rogenmoser(Founder)inJohn Philip Morgan(Executive Officer, Director, Promoter)Shane Orlick(Executive Officer)inTimothy Youngin

Co-investorsAAF Management Ltd.Angel Collective Opportunity FundBessemer Venture PartnersCoatue ManagementHubSpot VenturesIVP (Institutional Venture Partners)+7 more

Manafamanafa.coin𝕏

Manafa is a Saudi financial platform offering supply-chain financing in partnership with large regional companies, short-term business financing delivered within 48 hours, and Shariah-compliant investment products with returns up to 18%.

Fintech

Mornimorni.comin𝕏Jun 2025

Morni is a mobility platform company based in Saudi Arabia, founded in 2015, operating in the automotive and mobility sector.

AI & Machine LearningInsurTechLogistics & Supply ChainMarketplacesMobility & TransportationSaudi Arabia, SA

Salman AlSuhaibaney(Chief Executive Officer)

Co-investorsRAED Ventures500 Global

Mrsoolmrsool.coin𝕏

Mrsool operates a on-demand delivery platform that connects customers with couriers to fulfill requests for goods and services.

ConsumerE-commerceLogistics & Supply ChainMarketplacesSaudi Arabia, SA

Ayman Alsanad(Founder)in

Co-investorsRAED Ventures

Nananana.co

An Italian-language online publication that produces articles across news, sports, lifestyle, and entertainment categories for general readers.

Media & Entertainment

Co-investorsWamda CapitalCanary VenturesImpact46MAYA Capital

Nananana.sain𝕏

Nana is an online delivery platform offering groceries, restaurant and cafe orders, beauty products, and digital cards, with fast delivery to customers' homes.

ConsumerE-commerceFoodTech

Noon Academynoonacademy.cominJun 2020

Noon Academy is a social e-learning platform that connects students with teachers for group study and live interactive lessons.

ConsumerEdTechSocial

Co-investorsOutliers VCRAED Ventures

Qlubqlub.ioinMar 2023 · $25M

qlub provides QR-code-based pay-at-table, order-and-pay, digital menus, payment links, and a SoftPOS terminal that integrate with restaurants' POS systems.

FintechFoodTechRetail Tech

Dr. Mahmoud Fouz(Founder)in

Co-investorsCherry VenturesHeartcore CapitalPoint NineRAED VenturesShorooq PartnersFinTech Collective

Sabbarsabbar.comin𝕏Jul 2021 · $4M

Sabbar is a Saudi Arabian online recruitment platform connecting job seekers with companies across sectors such as retail, hospitality, logistics, and IT.

Future of WorkHR TechMarketplaces

Abdul Rahman Al-MudaiheeminAfnan SherbeeniinMohamed T. Ibrahim(Founder)inSara Alshimemri

Co-investors500 GlobalSEEDRA VenturesVentureSouq

Sarysary.com𝕏

Sary operates a B2B e-commerce platform and app that connects merchants — including grocery stores, hotels, restaurants, cafés, and SMEs — with suppliers, letting them source products, compare prices and availability, place orders, and receive VAT invoices.

B2B MarketplacesE-commerceRetail Tech

Co-investorsMSA NovoRAED VenturesRocketship.vcQatar Development BankSanabil Investments

Sawtsawt.sain𝕏Jul 2025 · $1M

Sawt (صوت) offers an AI voice-calling system that answers and makes customer calls in natural speech across multiple languages and dialects, handling tasks like booking appointments, answering FAQs, creating support tickets, and giving order status updates.

AI & Machine LearningSaaSSales Tech

Signitsignit.saApr 2026 · $15M

Signit is a Saudi-built contract lifecycle management and digital signature platform that lets organizations draft, negotiate, sign, track, and renew contracts in one place, with an AI assistant trained on Saudi law.

AI & Machine LearningLegalTechSaaS

Co-investorsRAED VenturesSEEDRA Ventures

Tabbytabby.aiin𝕏Feb 2025 · $200M

Tabby is a consumer money app offering buy-now-pay-later options (split into 4 interest-free payments or up to 12 monthly payments), cashback on spending, peer-to-peer money transfers, and shopping deals.

ConsumerFintech

Hosam Arab(Founder)in

Co-investorsArbor VenturesHOF CapitalHongShan Capital GroupMSA NovoOutliers VCPartners for Growth+8 more

Telfaz11telfaz11.com

Telfaz11 is a Saudi creative media studio that produces entertainment content, including series, films, and online digital content, with a focus on locally-relevant storytelling for the Arab world.

ConsumerCreator EconomyMedia & Entertainment

Co-investorsMad'a Investment Company

Trukkertrukker.comin𝕏Feb 2022 · $96M

TruKKer operates an AI-powered freight platform that connects shippers with verified carriers and fleet owners, offering truck capacity, real-time shipment tracking, and competitive pricing.

AI & Machine LearningB2B MarketplacesLogistics & Supply Chain

Gaurav BiswasinPradeep M

Co-investors500 GlobalCedar Mundi VenturesIliad PartnersInvestcorpLiquidity CapitalPartners for Growth+5 more

Trukkertrukker.ae

TruKKer is an AI-powered freight platform that connects shippers with verified carriers for domestic and cross-border trucking, offering guaranteed truck availability, real-time shipment tracking, and faster carrier payouts.

AI & Machine LearningB2B MarketplacesLogistics & Supply Chain

Co-investorsKhwarizmi Ventures

Tweeqtweeq.sain𝕏Jun 2021

Tweeq (طويق) is a Saudi digital banking app offering a digital account with a debit card, instant fee-free peer-to-peer transfers, cashback rewards, spending tracking, and mobile/smartwatch payments.

ConsumerFintech

Saeed Albuhairi(Founder)inAbdulaziz AlMalki(Founder)in

Co-investorsRAED Ventures

Unifonicunifonic.comin𝕏Sep 2021

Unifonic is an AI-native customer experience platform that unifies messaging, automation, contact center, and conversational AI to orchestrate customer interactions across channels like WhatsApp, SMS, and Voice.

AI & Machine LearningEnterprise SoftwareSaaSKhobar, SA

Ahmed(CEO & Co-founder)Hassan(Co-founder)

Co-investorsSoftBank GroupRAED VenturesSoftBank Vision FundElmEndeavor CatalystSanabil Investments

Vezeetavezeeta.com

Dubai, AE

Amir Barsoum(Founder)

Co-investorsCOTU VenturesSilicon BadiaVNV Global

Zendazenda.comin

Zenda provides payment and transaction management solutions designed specifically for schools and families, simplifying fee collection and operational processes in the education sector.

EdTechFintechSaaSBengaluru, IN

Raman Thiagarajan(Investor, Board Member and Mentor)Haseeb Ahmed

Co-investorsVentureSouqCOTU Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

OpontiaSallaSpiderSilkWajeezYouGotAGift

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has STV made?
STV has 39 tracked investments, 1 of which have exited, including 6 dated in the last 24 months.
What stage does STV invest at?
STV invests at the Seed, Growth, Late Stage stages.
What is STV's typical check size?
STV typically writes checks of $2.1M – $54M.
What sectors does STV focus on?
STV focuses on AI & Machine Learning, E-commerce, Fintech, Marketplaces, Sector Agnostic.
Where is STV located?
STV is headquartered in Dubai, AE.
Does STV lead rounds?
Yes, STV leads investment rounds.
Who does STV co-invest with?
STV most often shares deals with EQ2 Ventures, 500 Global, Middle East Venture Partners (MEVP), among 6 tracked co-investors.

Media · Podcasts & interviews

featuring the team

STV CEO Abdulrahman Tarabzouni at Bloomberg Invest 2019 الرئيس التنفيذي عبدالرحمن طرابزوني في مؤتمر

STV · Abdulrahman Tarabzouni

Images

STV photo

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