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STC Ventures Completes its Investment in Acadox

Riyadh, KSA, April 17, 2013: Saudi Telecom Company and Iris Capital (STC Ventures’ Fund Manager) announced today that STC Ventures Fund has recently concluded the acquisition of a significant minority stake in IT Interactive Software Company (Acadox). Acadox is one of the early startup companies that has recently graduated from the New Ventures & Entrepreneurship...

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Technology startups and Saudi venture capital landscape

Specialized SME private equity and venture capital investments in Saudi Arabia are gaining momentum. A few incubators have announced sponsorship of some technology startups but none of the early and late stage ventures have yet been announced as successfully completed transactions.  The Saudi market is the largest GCC economy with a very large number of SMEs,...

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VC Legal Guide to Catalyse MENA VC Deals

Dubai, 19 March 2012 – The MENA Private Equity Association has launched a VC legal documentation guide designed to give entrepreneurs a practical understanding of the basic terms involved in a venture capital transaction. The guide focuses on issues specific to the Middle East and North Africa, and also includes a standard term-sheet template format....

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STC Ventures adds two new partners to its investment team

Pictured (left to right): Ruwais Al Riyadh and Angus Paterson, Partners, STC Ventures. STC Ventures is pleased to announce the addition of two new partners to its investment team, Angus Paterson and Riyadh Al Ruwais. Angus Paterson joins as a Partner from twofour54. Angus’ background is in venture capital investment and corporate finance advisory, focused...

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