Saudi Venture Capital (SVC) has invested in Raed III L.P., an early-stage venture capital fund managed by Raed Ventures.

The fund aims to support tech and tech-enabled startups in Saudi Arabia and the broader Middle East and North Africa (MENA) region, focusing on seed and series A funding.

The fund targets sectors such as fintech, enterprise software, and B2B Software as a Service (SaaS), specifically in the Saudi Arabian and UAE markets.

Founded in 2018 as a subsidiary of SME Bank, SVC aims to improve financing options for startups and SMEs.