Saudi Venture Capital (SVC) has announced its investment in Khwarizmi Venture Capital Fund 2.
The fund will focus on Seed-to-Series A investments in high-growth tech and tech enabled startups, primarily across the GCC, allocating at least 50% of its capital to Saudi Arabia. While sector-agnostic, the fund sees strong potential in fintech and e-commerce, and AI applications across verticals.
Nora Alsarhan, Deputy CEO and CIO at SVC, said: “The investment in the venture capital fund by Khwarizmi Ventures is part of SVC’s Investment in Funds Program and an implementation of its strategy related to attracting fund managers to invest in Saudi based companies and stimulating investment for early stages.”
Abdulaziz AlTurki, Managing Partner of Khwarizmi Ventures, added: “This partnership 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.”
