Riyadh Valley Company (RVC), the investment arm of King Saud University, has announced a strategic investment in Middle East Venture Partners’ (MEVP) Fund IV (MEVF IV). This move marks a significant step toward boosting innovation and entrepreneurship. In effect, operating across the Middle East and North Africa (MENA) region, particularly in the technology and fintech sectors.
A Strategic Partnership for a Digital Future
Founded in 2010, MEVP is one of the region’s most prominent venture capital firms, with over $300 million in assets under management. The firm focuses on backing early and growth-stage tech startups. It is currently led by ambitious entrepreneurs, especially in GCC countries and the Arab Mashriq region.
With this latest investment, RVC is aligning itself with a powerful player in the regional venture ecosystem. The collaboration is designed to foster innovation, strengthen the tech startup scene. Additionally, it aims to build a resilient knowledge-based economy in line with Saudi Arabia’s Vision 2030.
Leaders Share Their Vision
Dr. Khaled Al-Saleh, CEO of Riyadh Valley Company, emphasized the importance of this partnership:
“The investment in MEVP’s MEVF IV fund aligns with Riyadh Valley Company’s investment strategy and directly contributes to the development of the knowledge-based economy. This fund particularly targets the technology sector with a strong emphasis on fintech innovations. Investors in Saudi Arabia and the UAE have shown immense interest in digital transformation, and this step supports that strategic direction.”
On the other side of the partnership, Walid Mansour, Co-CEO of MEVP, welcomed RVC on board:
“We are thrilled to welcome Riyadh Valley Company as an investor in our fourth fund. This investment reflects our commitment to reinforcing MEVP’s presence in Saudi Arabia and accelerating our deployment in the Kingdom’s rapidly growing technology ecosystem. We look forward to supporting innovative Saudi entrepreneurs and contributing to the nation’s digital transformation journey.”
Why This Matters
This investment is more than just a financial deal, it’s a catalyst for growth. Here’s what it brings to the table:
- ✅ Empowering Startups: Funding for promising early and growth-stage tech startups
- ✅ Boosting Fintech: Strong emphasis on financial technology solutions
- ✅ Driving Vision 2030: Supports Saudi Arabia’s long-term digital and economic goals
- ✅ Expanding Regional Reach: Reinforces MEVP’s operations and network in the Kingdom
Aligned with Vision 2030
As part of King Saud University’s long-term commitment to building a knowledge-based economy, this move allows RVC to further diversify its portfolio while directly contributing to national development goals. MEVP’s deep industry expertise and regional focus make it a strong partner for shaping the future of tech in the region.
RVC’s backing of MEVF IV is also expected to encourage more public-private partnerships, attract international investors, and spotlight Saudi Arabia as a hub for innovation and digital excellence.
