Saudi Venture Capital (SVC)

Under Monsha’at, Saudi Venture Capital (SVC) is a government-backed venture capital company created in 2018 as part of Saudi Arabia’s Financial Sector Development Program. It was set up to narrow the financing gap for startups and SMEs by moving capital into the venture market rather than issuing direct subsidies. SVC operates as a fund-of-funds, committing capital to venture-capital and private-equity funds while also co-investing alongside angel groups. The target investment portfolio is SAR 2.8 billion, and by January 2022 it had already deployed SAR 1.3 billion. Its capital reaches companies indirectly through the funds and syndicates it supports, with Jahez often cited as a public example of the route. That structure suits founders who need institutional equity and patient backers more than a ministry-style application round. For Saudi startups, SVC matters when a local fund manager, angel group, or co-investment partner can carry the deal, because the program works through the financing stack and not through a direct grant form.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.