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STC Ventures operates as an independently managed venture capital fund, focusing equity investments on early-stage companies in information technology, telecommunications, and digital media. The firm provides capital and strategic networking support, aiding portfolio companies in establishing market growth foundations. Its thesis centers on identifying and fostering innovative technology businesses with leadership potential.
The fund was established around 2012, anchored by the Saudi Telecom Company (STC). STC Ventures originated from a strategic insight to empower entrepreneurs by connecting innovative ideas with scalable development resources. Managed by Iris Capital, the firm leverages expertise to guide investment activities and operational strategy within the venture ecosystem.
STC Ventures primarily serves early-stage technology startups, offering financial backing and active support to founding teams navigating growth. Its mission is to empower entrepreneurs, enabling them to build and scale technology ventures toward market leadership. The firm's vision involves cultivating digital champions across the Middle East and beyond.
Key people at STC Ventures.
STC Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $60.0M Series C in Careem in November 2015.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 1, 2015 | Careem | $60.0M Series C | The Abraaj Group | Iris Capital, AL Tayyar Group, BECO Capital, Impulse VC, Lumia Capital, Wamda Capital |
| Oct 1, 2015 | Aquto | $8.0M Series B | Iris Capital | BDC Venture Capital, Matrix, Pillar VC, Chris Schaepe, Rich Miner, Matrix Partners, North Bridge |
Key people at STC Ventures.