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Gengo closes a new round of funding with Intel Capital, Atomico, Iris Capital, Infocomm Investments, NTT-IP Fund and STC Ventures Tokyo, April 23, 2013 – Gengo, the translation platform for global companies, announced that the company has recently closed a US$12M round of funding led by Intel Capital, along with participation from Iris Capital, Infocomm Investments,...
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...
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,...
Pictured (left to right): Ruwais Al Riyadh, Aiman Al-Atiqi and Angus Paterson, Partners, STC Ventures. STC Ventures is pleased to announce the addition of a new partner to its investment team, Aiman Al-Atiqi. Aiman Al-Atiqi joins as a Partner from Jadwa Investment. Aiman’s background is in investment banking and private equity, with a focus on...
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....
Paris, Riyadh, November 21, 2011 – Saudi Telecom Company (STC) Group announced its investment in STC Ventures, the venture capital fund which specializes in start up, small, and medium sized companies operating in the field of IT and telecoms in the Saudi and Middle East markets as well as other international markets. STC Group will...
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...
Pictured (left to right): Eng Saud bin Majed Al Daweesh, STC Group CEO; and Antoine Garrigues, Managing Partner of Iris Capital. Saudi Telecom Company (STC) Group announced its investment in a new Venture Capital Fund which specializes in start up, small, and medium sized companies operating in the field of telecommunications and IT in the...