Riyadh Valley Company (RVC), the investment arm of Saudi Arabia’s King Saud University, recently announced an undisclosed investment in the new Total Growth Platform established by (STV).
(RVC) plans to use this investment to develop local technologies and innovations as the Kingdom rises to the ranks of the world’s most attractive emerging markets. The aggregate platform aims to foster the growth of regional technology projects and provide founders with financing solutions through direct investment and debt financing that meet their needs during their growth journey.
The contribution of Riyadh Valley Company is designed to support the entrepreneurial ecosystem in Saudi Arabia and to allow the commercialization of innovation in universities and technology centres throughout the region.
These funding updates were sourced from a press release.
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