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:
- 14
- Last investment:
- Lead investor:
- 36%
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
- Fashion 1 (7%)
- FinTech 1 (7%)
- Finance 1 (7%)
- Women's 1 (7%)
- Internet 1 (7%)
Stage
- Series C 4 (29%)
- Series B 3 (21%)
- Series A 2 (14%)
- Funding Round 2 (14%)
- Seed 1 (7%)
Country
- United Arab Emirates 2 (14%)
- Japan 1 (7%)
- Turkey 1 (7%)
- United States 1 (7%)
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
|
Nile is redefining the network experience for customers by delivering true network-as-a-service consumption, built-in hardened security, lifecycle management without management, and backed by the industry's only verified, performance-based SLAs. | $175M / Series C / Aug 01, 2023 | |
Yallacompare
|
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. | Series C / Jan 06, 2019 | |
|
Yallacompare
|
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
|
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. | Mar 06, 2017 | |
|
Modanisa
|
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
|
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
|
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
|
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 | |
|
Yallacompare
|
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. | $3M / Series A / Sep 13, 2015 | |
Gengo
|
Gengo’s unique platform consists of a diverse and growing community of more than 18,000 qualified translators from 114 countries working across 37 languages and 64 language pairs. The professional human translation platform represents a huge leap in quality compared to machine translation, while enjoying faster delivery times than traditionalservice providers. Through its web offering and open API, Gengo enables businesses of any size to quickly and easily connect with a global audience at scale. Clients and partners include JTB, TripAdvisor, BuzzFeed, Rakuten and Vestiaire Collective; a more complete list can be found at https://gengo.com/customers/Founded in 2008, Gengo is headquartered in Tokyo, Japan with an office in Silicon Valley.To learn more about Gengo, visit www.gengo.com | $5.4M / Series C / Apr 21, 2015 | |
| See all 14 investments → | |||
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FAQ
What does STC Ventures invest in?
STC Ventures invests primarily in Fashion, FinTech and Finance startups, most often at Series C and Series B stage. Most of the 14 investments tracked by Shizune back companies in United Arab Emirates. 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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