Riyadh Valley Company, the investment arm of King Saud University, announces its investment in Abies Ventures Fund II.
Abies Ventures was founded in Tokyo, Japan, in 2017, and focuses its investments on founders and startups working on advanced and deep technology (DeepTech) in the fields of science and engineering. Examples include robotics, processing technologies, communications, and advanced materials.
In this regard, Dr. Khalid Al-Saleh, CEO of Riyadh Valley Company, commented: “Riyadh Valley Company’s investment in Abies Ventures Fund II falls within the scope of the company’s investment strategy and contributes to strengthening the knowledge economy. The previous cycle of the fund achieved remarkable performance. It operates in the Japanese market, which is unique and ranks among the top three global markets in the venture capital sector. Japan is a global leader in venture capital deals, as evidenced by the dynamic phase its market is currently experiencing, thanks to the support of the Japanese government and private investors.”
This investment aims to build a stable and balanced portfolio that supports King Saud University’s objectives and contributes to achieving the key goals of Saudi Arabia’s Vision 2030 in the field of the knowledge economy.