Saudi Technology Fund

What Saudi Technology Fund does

Saudi Technology Fund (صندوق التقنية السعودي) is a Riyadh-headquartered, Capital Market Authority-licensed technology investment vehicle established in 2024 by Bayt Al-Numou Financial Company. The fund pursues a dual-track investment strategy: establishing technology companies in-house and providing funding, expertise, and operational support to external technology founders in Saudi Arabia and the broader Middle East. Its stated investment thesis targets long-term capital appreciation through sustainable technology venture creation and selective acquisitions of companies aligned with its strategic focus, with the explicit goal of supporting Saudi Arabia's economic diversification and digital transformation agenda.

The fund's core operational technology is XTech (أكس تك), a wholly-owned integrated technology company that functions as its in-house technology factory and executive arm. XTech develops and maintains business systems and applications for portfolio companies and provides shared business services — HR, finance, marketing, and other support functions — intended to accelerate startup growth. Currently the portfolio comprises four wholly-owned platforms: Takharoj (تخارج), a private investment platform connecting unlisted companies with investors; Fundspot (فندسبوت), a closed-end fund trading automation platform; Property Net (بروبيرتي نت), an advanced real estate management program for the Middle East; and XTech itself. The fund describes a "systemic portfolio design" methodology intended to capture cross-portfolio synergies, shared infrastructure, and market access across its fintech, proptech, and shared-services verticals.

The fund generates returns through capital gains on portfolio companies, with investment terms negotiated individually rather than through standardized pricing. Its go-to-market combines a direct sales/relationship approach to enterprise and founder targets with a community-engagement posture through industry leaders, partners, and investors. Marketing is concentrated on top-of-funnel social channels (LinkedIn, X, Facebook, email). The primary customer segment is technology startups, and the fund positions itself as a hands-on partner from inception through scale, providing not just capital but technology risk mitigation, shared services, and ecosystem access.

Name

Saudi Technology Fund

Legal name

صندوق التقنية السعودي (Saudi Technology Fund)

Website

https://stfund.sa

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

51–100 employees

Short description

Saudi Technology Fund (صندوق التقنية السعودي) is a Riyadh-based, CMA-licensed technology investment fund founded in 2024 by Bayt Al-Numou Financial Company. It builds and backs technology startups through its in-house tech factory XTech and a portfolio spanning fintech, fund trading, and proptech.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity — Technology-Focused Investment Fund

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Venture capital funding
• Technology investments
• Startup incubation
• Portfolio company management
• Private equity

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Capital Gains from Portfolio Companies: The fund generates returns through establishing and investing in technology startups and supporting them with necessary funding and expertise to achieve expansion and excellence in competitive markets. The fund also targets acquiring promising technology companies that align with its strategy to enhance portfolio value.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Saudi Technology Fund is a Saudi venture capital and private equity fund that establishes technology companies internally and invests in external technology startups, providing funding, expertise, and shared business services to scale them in local and regional markets. The fund operates XTech (أكس تك), an integrated technology factory, as its executive arm to develop, maintain, and operate the technology systems of its portfolio companies, while also delivering shared services such as HR, finance, and marketing. Its portfolio includes Takharoj (private investment platform), Fundspot (closed-end fund trading automation), and Property Net (real estate management technology).

Product overview

Saudi Technology Fund is an investment fund that establishes and enables technology projects. Its portfolio includes multiple distinct technology products: Takharoj (a private investment platform connecting unlisted companies with investors), Fundspot (closed-end fund trading automation), Property Net (real estate management software for the Middle East), and XTech (an in-house technology factory providing development, maintenance, and shared business services). The fund operates as a unified investment vehicle with multiple subsidiary platforms and services targeting the local and regional markets.

Differentiator

Problem solved

Functional benefit

Brands

• XTech (أكس تك): Technical factory providing advanced technology services for developing and maintaining business systems and applications.
• Takharoj (تخارج)
• Fundspot (فندزسبوت)
• Property Net (بروبرتي نت)

Products and services

• Takharoj (تخارج) A private investment platform that connects unlisted companies with investors, enabling investments in private companies. Targeted at private companies seeking investment and investors seeking access to unlisted opportunities.
• Fundspot (فندسبوت) Automated trading platform for closed-end funds. Designed for closed-end fund traders and investors who require automation of closed-fund trading workflows.
• Property Net (بروبيرتي نت) Advanced real estate management platform for the Middle East that creates a real estate technology services ecosystem. Aimed at real estate owners, managers, and service providers in the region.
• XTech (أكس-تك) Technology Factory The fund's integrated technology factory providing advanced technology services for developing and maintaining business systems and vital applications, plus shared business services such as HR, finance, and marketing, to support portfolio startup growth.

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and portfolio.

• XTech (أكس-تك)coreStrategic or Co-development PartnerXTech is the fund's proprietary technology factory, providing advanced technology services for developing and maintaining business systems and vital applications. It also provides shared business services including HR, finance, marketing, and other support services for startup growth.
• Takharoj (تخارج)portfolioStrategic or Co-development PartnerTakharoj is a platform that transforms private investment by connecting unlisted companies with investors. It is part of the Saudi Technology Fund portfolio.
• Fundspot (فندزسبوت)portfolioStrategic or Co-development PartnerFundspot provides automated trading solutions for closed-end funds. It is part of the Saudi Technology Fund portfolio.
• Property Net (بروبرتي نت)portfolioStrategic or Co-development PartnerProperty Net is an advanced real estate management program in the Middle East, part of the Saudi Technology Fund portfolio.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Saudi Venture Capital Company (SVC): Government-backed investment company focused on stimulating SME and tech financing in Saudi Arabia through fund-of-funds and direct VC activity. Comparable as a CMA-regulated Saudi VC counterpart with broader sector scope and substantially larger AUM, setting the benchmark for institutional Saudi tech investing.

Direct peers

• Wa'ed Ventures: Saudi Arabia–based venture capital arm of Saudi Aramco focused on early-stage technology startups, providing capital and enterprise customer access. Comparable as a Saudi-domiciled tech VC pursuing both capital and ecosystem impact, with structurally similar deal sourcing inside the Kingdom.
• Arzan Venture Capital: Kuwait- and Gulf-rooted venture capital firm focused on early- and growth-stage technology investments across MENA. Directly comparable because it is named in the Saudi Technology Fund board's own director (Iyad Al-Bayouk) biographical record as a prior employer, operates in the same regional VC category, and competes for similar Saudi/Gulf tech deal flow.
• Raed Ventures: Saudi Arabia–focused early-stage VC investing in tech-enabled startups across the MENA region. Comparable as a Saudi-rooted tech seed/growth fund with similar thesis on regional digital transformation and overlapping portfolio categories in fintech and software.
• STV (formerly STC Ventures): Middle East–based venture capital firm investing in early- and growth-stage technology companies, originally linked to Saudi Telecom. Comparable as a regionally anchored tech VC with similar stage and sector focus, competing for the same Saudi/MENA tech allocations.
• Sanabel Investment: Saudi alternative-investment firm specializing in private equity, venture capital, and real assets for institutional and HNW investors. Comparable because Sanabel is also referenced by the same independent director as a prior employer in alternative investments, and operates in the same licensed Saudi investment management category.

Regional players

• Shorooq Partners: UAE-based venture capital firm investing in early-stage technology startups across MENA with a strong fintech and digital-economy focus. Comparable in mandate and stage, but primarily operates from the UAE rather than Saudi Arabia, giving it adjacent rather than direct territorial overlap.

Emerging players

• 500 Global (MENA): Global venture firm and accelerator operating programs across emerging markets including the MENA region. Comparable as an early-stage tech investor/builder in the same regional ecosystem, but with a globally diversified model versus the Saudi Technology Fund's KSA-rooted vertical-integration thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/saudi-technology-fund-stf
• Xx.com/stfund_sa
• Facebookfacebook.com/STFund.SA

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Technology Fund