Founded in 2012, STC Ventures focuses on equity investments in early and late-stage technology ventures in the information technology, telecommunications, and digital media/entertainment sectors. With its anchor investor being the Saudi Telecom Company, the fund supports the development of innovative technology companies in the GCC, wider MENA region, and Turkey, as well as globally-minded international companies seeking capital and access to the MENA region. The fund has had six exits and 16 investments as of January 2020, and its top activity was in 2015.