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Key people at Riyadh Valley Company.
Riyadh Valley Company operates as the investment arm of King Saud University, focused on cultivating the knowledge economy and advancing strategic projects within the Kingdom. The company executes this mandate through a dual investment strategy, encompassing both venture capital allocations and direct strategic investments in enterprises aligned with its objectives. Its operational model involves identifying and nurturing high-potential ventures that can contribute to national economic diversification.
Established by King Saud University, Riyadh Valley Company originated from the strategic foresight to transition Saudi Arabia’s economic reliance from oil to a more diversified, knowledge-driven foundation. This initiative reflects the university's commitment to leveraging academic innovation and research capabilities to foster economic development and create new industries within the region. The company thus serves as a critical bridge between academic research and commercial application.
The beneficiaries of Riyadh Valley Company's activities include innovative startups and established companies seeking growth capital, as well as the broader Saudi Arabian economy through job creation and technological advancement. Its long-term vision is to actively participate in the development of a robust knowledge-based economy, enhancing the nation's global competitiveness and securing a sustainable economic future by fostering a vibrant ecosystem of innovation.
Key people at Riyadh Valley Company.
Riyadh Valley Company has 3 tracked investments across 3 companies. The latest tracked deal is $41.0M Series B in Noon Academy in November 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 7, 2023 | Noon Academy | $41.0M Series B | Omar Almajdouie | Endeavor Catalyst, Nahlat Alarab Holding, Qyem Development Holding, Sanabil 500, Steadfast Venture Capital, STV |
| Oct 1, 2020 | Prokarium | $21.0M Series B | Korea Investment Partners | Flerie Invest, Future Fund |
| 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 |