Ahmad AlNaimi brings an unusual combination of hands-on machine learning startup experience from Seattle and deep involvement in building Saudi Arabia's venture capital ecosystem from the ground up, having led business incubation at Saudi Aramco's Entrepreneurship Center before becoming a founding partner at STV. He specializes in backing the same companies from early stages through growth rounds and focuses on infrastructure that enables small businesses and private markets in the Kingdom, while maintaining an unusually accessible approach for founders through walk-in meetings and active engagement in Saudi's AI development initiatives.
About their Fund
Sectors
Fintech, Ecommerce, Logistics, SaaS, AI
Rounds
Seed - Series B+
Avg Check Size
Notable Investments
STV is the largest technology-focused VC firm in the Middle East with over $1.4B in assets under management, originally anchored by Saudi Telecom Company and launched specifically to lead major regional funding rounds rather than just participate. The firm has become a central market shaper in Saudi tech, reportedly accounting for around 30% of all VC capital deployed in Saudi Arabia at certain periods, and operates specialized programs including a $100M AI Fund backed by Google and non-dilutive funding options through products like the NICE Fund.
Notable Fund
Investments
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Popular Investors
investor name
Active in
Rounds
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Links
Deeptech / Hardware
Robotics
Biotech
+
12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
+
2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
+
2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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