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Riyadh Valley Company backs venture capital firm in second LP bet this year

VCCircle · 9m

Riyadh Valley Company (RVC) has made its second limited partner-style investment this year by backing a Saudi Arabian venture capital fund. This move supports early-stage startups in the Middle East and North Africa region. RVC, the investment arm of King Saud University, has made a fund-of-funds commitment to Riyadh-based VC firm Raed.