Riyadh Valley Company, the official investment arm of King Saud University, has announced a strategic investment in Abies Ventures Fund II. The move diversifies the Saudi firm’s portfolio by tapping into Japan’s advanced and deep technology (DeepTech) sector, reinforcing its commitment to fostering a knowledge-based economy.
Strategic Focus On DeepTech
Abies Ventures is a venture capital firm founded in Tokyo in 2017 with a dedicated focus on startups pioneering advancements in science and engineering. The fund’s investment thesis targets disruptive technologies across various fields, including robotics, advanced processing technologies, next-generation communications, and innovative materials. This focus aligns with the global shift towards technology-driven industries.
Tapping Into Japan’s Venture Ecosystem
Dr. Khalid Al-Saleh, CEO of Riyadh Valley Company, highlighted the strategic rationale behind the investment. “Our investment in Abies Ventures Fund II falls within the scope of the company’s investment strategy and contributes to strengthening the knowledge economy,” he stated. Dr. Al-Saleh noted the strong performance of the fund’s previous cycle and the unique position of the Japanese market, which ranks among the top three global markets in the venture capital sector, supported by both government and private investors.
Alignment With Vision 2030
This investment is a key part of Riyadh Valley Company’s broader strategy to build a stable and balanced portfolio. The partnership aims to support the objectives of King Saud University while contributing directly to the goals of Saudi Arabia’s Vision 2030. By investing in global deep technology, Riyadh Valley Company is helping to build bridges and channel expertise into the Kingdom’s growing knowledge economy.
About Riyadh Valley Company
Riyadh Valley Company is the investment arm of King Saud University in Saudi Arabia. It aims to actively contribute to the development and diversification of the nation’s knowledge-based economy by investing in strategic local and international opportunities that align with the university’s educational and research objectives and the goals of Vision 2030.
About Abies Ventures
Founded in Tokyo, Abies Ventures is a venture capital firm that invests in startups developing innovative science and engineering-based deep technologies. The firm supports founders who are working to solve significant global challenges through technological advancements.
Source: Riyadh Valley Company
