Stc Group unveils venture capital arm, tali ventures
stc Group, the Kingdom’s engine of digital transformation, has announced the launch of its corporate venture capital arm, “tali ventures,” which will serve as a catalyst for innovative startups, leveraging stc Group’s ecosystem. This milestone underscores the group’s commitment to propelling technological advancement and fostering a vibrant entrepreneurial ecosystem across its operating markets. tali ventures has already made significant strides by investing in startups such as Nile (network equipment solutions), Rewaa
(inventory management solutions), and NearPay (digital payments solutions).
“These initial investments demonstrate the group’s dedication to adopting new technologies, embracing innovative ideas and driving technological transformation,” a statement said.
Emphasizing the fund’s ambitious vision, the launch of tali ventures marks a pivotal moment in stc’s journey to empower the world’s brightest minds. The group aims to be a leading force nurturing entrepreneurial talent and advancing groundbreaking initiatives, by committing to investing in revolutionary startups through collaborating with renowned global funds such as Sanabil and Prosperity7.
Focusing on key areas such as artificial intelligence, fintech, proptech, ICT, cloud, IoT, cybersecurity and other digital trends, tali ventures will support ventures that have the potential to revolutionize industries. tali ventures empowers startups from their inception to growth stage, providing comprehensive support across diverse fields. This holistic approach cultivates innovation from the ground up, nurturing a thriving ecosystem of talent.
The launch signifies a continuain tion of stc Group’s efforts to foster innovation through strategic investments. Initiatives such as the InspireU program, which incubates and supports more than 100 startups, stand as testament to this commitment. Furthermore, STV and stc venture funds have invested in numerous startups, driving economic diversification and growth in line with stc’s “DARE” strategy.