Saudi Technology Ventures Leads Series B in Nana

Posted on 03/27/2020


Saudi Arabia-based Nana is an online grocery and personal item delivery company. Nana raised US$ 18 million in a Series B round led by Riyadh-based Saudi Technology Ventures, which is backed by Saudi Telecom Company Group (STC). Other investors in the round include Riyadh-based Watar Partners, Saudi Venture Capital Company, and Middle East Venture Partners.

Saudi Venture Capital Company (SVC) is a government venture capital firm established in 2018, part of the Private Sector Stimulus Plan (PSSP).