Riyadh Valley Company invests in IMPACT46 Fund III

Riyadh Valley Company invests in IMPACT46 Fund III

Saudi Arabia’s Riyadh Valley Company, the investment arm of King Saud University, has pledged an undisclosed investment in IMPACT46’s third fund.

Founded in 2019 by Abdulaziz Alomran, IMPACT46 Fund is a Saudi asset manager and advisor that specialises in alternative investment opportunities that invests in tech startups from growth to pre-IPO.

IMPACT46 Fund III aims to invest in local and global startups in sectors including fintech, e-commerce, SaaS, and others.

Press release:

Riyadh Valley Company, the investment arm of King Saud University, announces its investment in IMPACT46 Fund III.

IMPACT46 Fund invests in technology startups that provide new and innovative solutions capable of transforming and reshaping traditional business models. The fund focuses its investments on several sectors, including financial technology, e-commerce, and software-as-a-service, spanning various stages of company development, from growth to the pre-initial public offering (IPO). The fund primarily targets the Saudi Arabian market and the broader Middle East region.

In this regard, Dr. Khalid Al-Saleh, the CEO of Riyadh Valley Company, stated, “Investing in IMPACT46 Fund III falls within the scope of Riyadh Valley investment expertise and contributes to the development of the local knowledge economy through partnerships between educational and research institutions, the business community, and investment entities operating in the Saudi Arabian