Loading organizations...
Riyad TAQNIA Fund is a closed-end venture capital fund, strategically investing in technology startups across global markets. It targets Seed through Series-B opportunities, backing innovative companies with strong growth potential. The fund deploys capital into technological ventures to generate substantial returns for its investors.
Established in 2016, Riyad TAQNIA Fund is a joint venture by Riyad Capital and TAQNIA. Riyad Capital, the investment arm of Riyad Bank, contributes financial expertise. TAQNIA, The Saudi Technology Development And Investment Company, a Public Investment Fund-owned entity, focuses on technology advancement. This partnership leverages combined strengths for tech opportunities.
The fund's portfolio spans diverse sectors and geographies, providing capital and guidance to promising technology enterprises. Riyad TAQNIA Fund acts as a catalyst for innovation within the global tech ecosystem. Its long-term vision aims to drive impactful technological advancement and contribute to economic diversification, aligning with national objectives.
Key people at Riyad TAQNIA Fund.
Riyad TAQNIA Fund has 5 tracked investments across 4 companies. The latest tracked deal is $20.0M Series B in Eureka Security in February 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 26, 2020 | Eureka Security | $20.0M Series B | JIN Jeong, DAN Chong, MEC Ventures, Riyadh Valley Company, Riyad Taqnia Fund | B&Y Venture Partners, Cianna Capital, East Ventures, GDP Venture, Home Credit Group, Pacific Bridge, Sginnovate, Softbank |
| Nov 26, 2019 | TruKKer | $23.0M Series A | — | Endeavor Catalyst, Iliad Partners, International Finance Corporation, Middle East Venture Partners, Oman Technology Fund, Shorooq Partners, STV |
| Mar 4, 2019 | Beehive | $4.0M Series B | Riyad Taqnia Fund | — |
| Oct 31, 2017 | Foodics | $4.0M Series A | Omar Almajdouie, Riyad Taqnia Fund | 500 Startups, Naseel Holding |
| Oct 2, 2017 | Beehive | $5.0M Series A | Riyad Taqnia Fund | Mohammed BIN Rashid Fund |
Key people at Riyad TAQNIA Fund.
