Khwarizmi Ventures

Khwarizmi Ventures (KV) is a prominent Saudi Arabian-based venture capital firm, headquartered in Riyadh, with a strategic focus on early-stage technology startups across the Middle East and North Africa (MENA) region. Established to capitalize on the burgeoning digital economy, KV primarily targets Seed to Series A rounds, seeking companies with innovative solutions and strong growth potential. Their investment thesis aligns closely with the Kingdom's Vision 2030, aiming to foster a vibrant startup ecosystem and diversify the economy by backing disruptive technologies and scalable business models.

KV is known for its hands-on approach, providing not just capital but also strategic guidance and access to their extensive network to portfolio companies. They look for founders with deep industry knowledge and scalable business models that can address significant market gaps. The firm has built a diverse portfolio spanning various sectors, including FinTech, E-commerce, SaaS, and logistics. As of early 2024, Khwarizmi Ventures has invested in over 30 companies, demonstrating their active participation in the regional startup scene. Notable investments include companies like Rewaa, Tweeq, and Sary, which have shown significant traction in their respective markets.

Khwarizmi Ventures manages multiple funds, reflecting its growing influence in the regional VC landscape. Following the success of its initial fund, the firm launched its second fund, Khwarizmi Ventures Fund II, in 2023, with a target size of SAR 250 million, equivalent to approximately USD 66.6 million. This substantial capital base allows them to make meaningful early-stage investments. Typically, Khwarizmi Ventures' initial cheque sizes range from $250,000 to $2 million, although they are capable of participating in larger rounds or providing follow-on funding as their portfolio companies mature. Their commitment to nurturing local talent and fostering innovation positions them as a key player in the MENA's venture capital ecosystem.