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Riyadh, Saudi Arabia – May 13, 2026: The SIDF Investment Company (SIC), a subsidiary of the Saudi Industrial Development Fund (SIDF), announced its investment in Khwarizmi Venture Capital Fund II. This move aims to stimulate the technical innovation ecosystem and empower the next generation of technology companies linked to the industrial sector.
The fund targets investments in more than 20 early-stage startups in the Kingdom of Saudi Arabia and the Gulf Cooperation Council (GCC) countries. Capital investments will range between $1 million and $5 million during Seed and Series A rounds.
This investment is part of SIC's comprehensive strategy to cover all asset classes and increase investment channels serving the industrial sector. By partnering with specialized asset managers, the company seeks to maximize developmental and investment impact while diversifying its portfolio.
The partnership with “Khwarizmi Ventures” expands the company’s investment coverage to include venture capital and industrial innovation, alongside private equity, private credit, and direct investment programs.
The importance of this investment lies in enabling SIC to gain early access to emerging technologies that will define the technical sovereignty of the Saudi industrial sector. This includes supply chain platforms, logistics infrastructure, fintech solutions for small and medium-sized industrial enterprises, and applications for automation and artificial intelligence.
As a strategic investor in Khwarizmi Ventures Fund II, SIC reinforces its support for the next generation of industrial technology developers in the Kingdom and connects them to the industrial ecosystem. Simultaneously, it works to attract private capital to invest alongside a partner with a distinguished track record in selecting and supporting entrepreneurs.
The agreement was signed in the presence of His Highness Prince Sultan bin Khalid Al Saud, Chief Executive Officer of the Saudi Industrial Development Fund and Vice Chairman of SIC, and Mr. Fahad Al-Naeem, Chief Executive Officer of SIC. Representing Khwarizmi Ventures were Dr. Ibrahim Almojel, Founding Partner and Chairman of Khwarizmi Capital, and Mr. Abdulaziz Al-Turki, Managing Partner of Khwarizmi Ventures.
About Khwarizmi Ventures
Khwarizmi Ventures is a Saudi venture capital firm established in 2018, investing in early-stage startups across the GCC and the MENA region. The firm closed its first institutional fund at $70 million in August 2021 and has since built a diverse portfolio of 35 companies, with three exits to date. Khwarizmi Ventures Fund II is managed by Khwarizmi Financial, a subsidiary licensed by the Capital Market Authority (CMA) in Saudi Arabia under license No 23255-02.
Website: www.khwarizmivc.com