6 Hrs
Source:
الاقتصادية
LIB sidelines: $100M VC fund launch
Sukna Capital Financial announced the establishment of a new fund with a bold capital of $100 million, making it their second fund after committing to a $50 million capital for their first fund. The company currently owns a debt fund through which it has invested 100 million SAR and aims to raise an additional 250 million SAR within six months. The company's investments are diversified across tech companies, SaaS programs, artificial intelligence, and various industries, with a focus on supporting small and medium enterprises through a variety of financing tools. This approach aligns with the market trend toward blending equity and debt financing to support company growth and expansion. The company anticipates significant growth in its investments, highlighting the important role of debt financing in the Saudi market—especially for funding small and medium-sized enterprises and assisting startups in transitioning to more mature stages.
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