Riyadh Valley Company Invests in IMPACT46 Fund III
IMPACT46 Fund III targets the Middle East, with a focus on Saudi Arabia.
Riyadh Valley Company, the investment arm of King Saud University, announced an undisclosed investment in IMPACT46 Fund III.[1]
The IMPACT46 Fund makes investments in technology firms that offer new and innovative solutions that have the potential to upend established business strategies.
It also invests in several industries, such as software-as-a-service (SaaS), financial technology (fintech), and e-commerce, covering a range of business development stages, from growth to pre-IPO.
The fund will focus on the Middle East as a whole, with emphasis on the Saudi Arabian market.
Through its participation in the IMPACT46 Fund III, Riyadh Valley Company aims to promote the goals of King Saud University and implement Saudi Vision 2030's objectives in the knowledge-based economy by making investments in both domestic and international firms.