Saudi CVC Invests In Propellers Venture Fund
Jordanian Propellers Venture Fund is a venture capital firm investing early on in SaaS, enterprise software and cloud infrastructure. The Saudi Venture Capital Company (CVC) has invested in Jordanian-based Propellers Ventures Fund that makes investments in start-ups in early stages in fields such as software, SaaS service, and enterprise software, as well as cloud infrastructure. […]
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Jordanian Propellers Venture Fund is a venture capital firm investing early on in SaaS, enterprise software and cloud infrastructure.
The Saudi Venture Capital Company (CVC) has invested in Jordanian-based Propellers Ventures Fund that makes investments in start-ups in early stages in fields such as software, SaaS service, and enterprise software, as well as cloud infrastructure.
Jordanian-based Propellers Venture Fund is a venture capital firm investing early on in SaaS, enterprise software and cloud infrastructure.
Dr Nabeel Koshak, CEO of CVC, said, “Investing in Propellers Ventures is part of the company’s program to invest in funds. It is an extension of investments already made by the company as part of its strategy to stimulate and offer sustainable funding for early stage start-ups.”
He added, “The Kingdom of Saudi Arabia is witnessing an unprecedented growth in the volume and quality of start-ups deals as a result of having several innovative business entrepreneurs, capital venture funds, angel investor groups, and the availability of a developed organizational and legislative environment, contributing to the Saudi vision 2030.”
