Angel Co-Investment Program

Angel Co-Investment Program

About the Program

One of the Saudi Venture Capital Company (SVC) programs focusing on Angel Co-Investment into startups with high-growth potential to fill equity funding gaps in the Seed Stage to support the promotion of angel investing in Saudi Arabia

Program Objectives

Bridging Gaps

Bridging financing and funding gaps for early-stage startups to scale and grow innovative startups

Growing & Supporting

Growing and supporting angel investments, venture capital, and entrepreneurship ecosystem in Saudi Arabia

Mitigating Risks

Mitigating risks associated with early-stage investments for angel investors and contributing to the diversification

Program

Criteria

Targeted

Startups

An innovative and scalable startup, with its HQ in Saudi Arabia

  • The startup launched within a reasonable period from fundraising
  • Headquarter in Saudi Arabia
  • Not a subsidiary
  • A launched product
  • Not an Establishment

Investor

OQAL Member

Stage

Seed Stage

Sector

Agnostic

Contribution

SVC’s co-investment with the Co-Investor(s) in the startup will be up to 1:1. 

Round Size

Min. 100K SAR
Up to 7.5 M SAR

Investors Stake

SVC & Co-Investors equity
does not exceed 30%

Financial Incentive

2020

80%

Co-Investor(s) may be eligible for a financial incentive of 80% in the co-investment earned upon exit of the startup

Example

If a startup is raising fund and the investor wanted to invest in it

1,000,000

Million SAR

A startup is fundraising, and the investment/ funding round is 1,000,000 SAR (1 M SAR), and the angel co-investor(s) is investing 500,000 SAR, the Saudi Venture Capital Company (SVC) will invest the same amount as the investor(s)

Program  Mechanism

Angel Co-Investment Program

Requirements

  • Filling out the Angel Co-Investment Application Form
  • Uploading all the required documents to be processed through OQAL

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