STC Ventures
VC Fund
Dubai, United Arab Emirates
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 digitalmedia/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.
- Total investments:
- 18
- Last investment:
- Lead investor:
- 33%
- Fund size:
- $50M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries STC Ventures invests in
Stages STC Ventures invests in
Countries STC Ventures invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series A
- $2.4M–$5.5M
- Series B
- $3.5M–$12M
- Series C
- $5.4M–$175M
Investment Focus
Industry
- Wireless 2 (11%)
- Mobile 1 (6%)
- Retail 1 (6%)
- Apparel 1 (6%)
- Fashion 1 (6%)
Stage
- Series B 5 (28%)
- Series C 4 (22%)
- Series A 2 (11%)
- Seed 1 (6%)
- Series D 1 (6%)
Country
- United States 2 (11%)
- United Arab Emirates 2 (11%)
- Japan 1 (6%)
- France 1 (6%)
- Turkey 1 (6%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Aiman Al-Atiqi
Partner
|
Partner | Total investments: 3 | Find email | |
Alexander Wiedmer
Partner
|
Partner | Total investments: 12 | Find email | |
Angus Paterson
Partner
|
Partner | Total investments: 8 | Find email | |
Antoine Garrigues
Managing Partner
|
Managing Partner | Total investments: 2 | Find email | |
Riyadh Al-Ruwais
Partner
|
Partner | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Nile is disrupting the enterprise network market by modernizing IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, its Nile Access Service integrates zero trust security and offers performance guarantees. With Nile, IT organizations close the gap betweentheir digital aspirations and legacy realities, reduce their total cost of ownership by more than 60%, and recover critical IT resources while their users gain superior connectivity. For more information, visit nilesecure.com/journey. | $175M / Series C / Aug 01, 2023 | ||
| Yallacompare is the finance comparison site in the middle east with operations across 9 countries in the mena region. Since 2011 they have helped users compare banking products saving each one thousands of dollars every year. Since banking and insurance go hand in hand, they told their team to go out and build a platform that could save their userseven more money. Their goal is to put each and every customer's mind at ease. Their insurance tech is state of the art and built right here in the uae by their team of ninja geeks. Thanks to the efforts of their ninja geeks, you can now easily compare the price of your home insurance from the leading insurers with just a few clicks. Best of all, you can buy online and get your policy issued instantly. | $8M / Series C / Jan 06, 2019 | ||
| Scality is the industry leader in petabyte-scale, software-defined storage. Founded in 2009, Scality software-based RING storage delivers billions of files to five hundred million users daily with 100% availability. The RING makes standard x86 servers scale to hundreds of petabytes and billions of objects. The RING’s end-to-end parallelarchitecture provides unsurpassed performance, while its patented object storage core increases availability and durability and dramatically reduces operational costs. The RING integrates with applications through standard storage protocols such as NFS; S3; OpenStack Swift and Cinder. Scality’s customers include four of the world's largest media and telecommunications companies, and market leaders throughout the US, EU, and Japan.Scality’s customers include four of the top ten cable operators in the US, the second largest Telco in France, leading portals in Italy, Germany, and UK, mobile operators in Japan, and the second largest online video site in the world. | $60M / Series E / Apr 17, 2018 | ||
| Yallacompare is the finance comparison site in the middle east with operations across 9 countries in the mena region. Since 2011 they have helped users compare banking products saving each one thousands of dollars every year. Since banking and insurance go hand in hand, they told their team to go out and build a platform that could save their userseven more money. Their goal is to put each and every customer's mind at ease. Their insurance tech is state of the art and built right here in the uae by their team of ninja geeks. Thanks to the efforts of their ninja geeks, you can now easily compare the price of your home insurance from the leading insurers with just a few clicks. Best of all, you can buy online and get your policy issued instantly. | $3.5M / Series B / May 24, 2017 | ||
| Modanisa is an online fashion retailer for women's Islamic clothing, dresses and accessories. The site offers clothing and accessories to women of all ages and offers shipping and delivery all over the world. The site also trends latest hijab styles for women along with fashion tips for the Muslim regions. Designer abayas and jilbabs, Kayra,Armine, Aker and Tekbir are also sold online. | Venture - Series Unknown / Mar 06, 2017 | ||
| Modanisa is an online fashion retailer for women's Islamic clothing, dresses and accessories. The site offers clothing and accessories to women of all ages and offers shipping and delivery all over the world. The site also trends latest hijab styles for women along with fashion tips for the Muslim regions. Designer abayas and jilbabs, Kayra,Armine, Aker and Tekbir are also sold online. | $2M / Debt Financing / Nov 21, 2016 | ||
| Yallacompare is the finance comparison site in the middle east with operations across 9 countries in the mena region. Since 2011 they have helped users compare banking products saving each one thousands of dollars every year. Since banking and insurance go hand in hand, they told their team to go out and build a platform that could save their userseven more money. Their goal is to put each and every customer's mind at ease. Their insurance tech is state of the art and built right here in the uae by their team of ninja geeks. Thanks to the efforts of their ninja geeks, you can now easily compare the price of your home insurance from the leading insurers with just a few clicks. Best of all, you can buy online and get your policy issued instantly. | $2.4M / Sep 25, 2016 | ||
| Yallacompare is the finance comparison site in the middle east with operations across 9 countries in the mena region. Since 2011 they have helped users compare banking products saving each one thousands of dollars every year. Since banking and insurance go hand in hand, they told their team to go out and build a platform that could save their userseven more money. Their goal is to put each and every customer's mind at ease. Their insurance tech is state of the art and built right here in the uae by their team of ninja geeks. Thanks to the efforts of their ninja geeks, you can now easily compare the price of your home insurance from the leading insurers with just a few clicks. Best of all, you can buy online and get your policy issued instantly. | $2.4M / Series A / Sep 01, 2016 | ||
| Careem operates a car booking platform that connects passengers with local drivers. The company's platform provides a marketplace of community drivers where passengers can request a ride in minutes, see the cost, and have it charged to their credit card of choice, giving passengers access to affordable and advantageous transportation. | $60M / Series C / Nov 10, 2015 | ||
| Aquto is a cloud-based service that enables operators to monetize their mobile cellular internet data connectivity. It specializes in the fields of sponsored data, mobile data monetization, mobile network operator, and digital media advertising. It was founded in 2012 and headquartered in Boston, Massachusetts. | $8M / Series B / Oct 07, 2015 | ||
| See all 18 investments → | |||
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FAQ
What does STC Ventures invest in?
STC Ventures invests primarily in Wireless, Mobile and Retail startups, most often at Series B and Series C stage. Most of the 18 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is STC Ventures's check size?
STC Ventures typically joins rounds of $2.4M–$5.5M at Series A, $3.5M–$12M at Series B and $5.4M–$175M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds STC Ventures participates in.
How do I contact STC Ventures?
Public channels for STC Ventures include X (Twitter), the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at STC Ventures?
The team at STC Ventures includes Aiman Al-Atiqi (Partner), Alexander Wiedmer (Partner) and Angus Paterson (Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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