Stride Ventures, a global credit and private debt platform, has announced a raise of approximately US$300 million across its three funds spanning the Gulf Cooperation Council (GCC), India, and the UK. The firm is targeting a final close of US$600 million for its global fund, signalling a significant push into alternative financing for startups.
Institutional Confidence and Global Backing
The capital infusion comes from a diverse group of high-profile investors, including sovereign funds, banks, insurance companies, corporate treasuries, and global asset managers. This backing reflects strong institutional confidence in Stride’s governance, rigorous underwriting standards, and commitment to transparency.
The raise highlights the growing appetite for private credit as a non-dilutive financing solution for high-growth companies.
Strategic Partnerships Drive GCC Expansion
Stride Ventures is actively deepening its presence in the GCC, recognizing the increasing role of alternative credit in supporting the region’s burgeoning entrepreneurial ecosystem. This expansion is marked by key strategic collaborations aimed at strengthening the local financing landscape.
The firm recently partnered with SAB Invest, one of Saudi Arabia’s largest institutional investors, to expand access to growth capital and private credit for startups and SMEs in the Kingdom.
Furthering its regional impact, Stride has also worked with innovative local companies such as Erad, a Shariah-compliant fintech platform for SME revenue financing, and BRKZ, a managed marketplace for Saudi Arabia’s construction sector. These collaborations introduce sophisticated venture and growth debt structures to regional businesses, providing them with flexible capital to scale without diluting equity.
Apoorva Sharma, Managing Partner at Stride Ventures, stated:
“Our partnership with sovereign and institutional investors exemplifies that approach, combining investor prudent strategies with founder-focused solutions that can strengthen the next phase of regional innovation and cross-border collaboration.”
About Stride Ventures
Stride Ventures is a global credit and private debt platform that provides alternative financing solutions to startups and growth-stage companies. Since its inception, the firm has committed more than US$1.6 billion across over 200 companies in sectors including fintech, healthtech, enterprise SaaS, consumer brands, and mobility.
Source: Fintech News AE
