STC Ventures - Venture capital firm
STC Ventures
STC Ventures is an independently managed venture capital fund whose anchor investor is the Saudi Telecom Company Our goal is to empower entrepreneurs to create market leading technology businesses We are focused on equity investments that will help to build leading companies in the information technology, telecommunications, and digital media/entertainment sectors One of the key objectives of our fund is to support the development of innovative technology companies in the GCC, wider MENA region and Turkey, in addition to funding globally minded international companies seeking capital and access to the MENA region
Headquartered in Riyadh, Saudi Arabia,STC Group is the largest telecommunications company in the Middle East and North Africa, based on market capitalization and total revenue, and was recently ranked in the top 20 mobile networks in the world The Group owns and operates the largest and most advanced mobile infrastructure and broadband services in the Middle East and has made major investments with global reach in various continents, operating in Turkey, Bahrain, Kuwait, Jordan, India, Malaysia, and South Africa
Iris Capital is the fund manager for STC Ventures Iris is an international fund manager specializing in telecommunications, media, internet and information technology venture capital investments Since its inception in 1986, the Iris team has managed investments in excess of US $1 billion in more than two hundred companies located in twenty countries Iris Capital targets opportunities in high-growth technology or services companies across various investment stages, and provides active support to its portfolio companies related to its specialization and its experience
