Investcorp, Sanabil, and STV led a $130m funding round in Salla.

Investcorp, a global manager of alternative investment products, Sanabil, a commercial investment company, and STV, a technology venture capital fund, led a $130m funding round in Salla, a Saudi Arabian software startup firm. “Saudi Arabia today has over a million SMEs, having grown three times over the past five years. We believe that the Kingdom’s transformation agenda will continue to drive innovation and empower the next generation of entrepreneurs, with Salla acting as a key enabler to support the development of new companies in the e-commerce ecosystem,” Walid Majdalani, Investcorp Head of Emerging Markets Private Equity.