Sukna Ventures

Investor type

PE / VC

Founded

2012

AUM

$185 M

Location

Riyadh, Riyadh Province, Saudi Arabia

Investment Ticket

$1-5 m

Investment Stage

Seed

Region of investment

North America Europe Middle East
Investor profile last updated: 21 August, 2026

Profile

Sukna Venture Studio (SVS) is Saudi's first venture studio, building and investing in the next wave of innovative businesses that will transform the way people live, work and play in the kingdom, and unlock the country's growth potential in lockstep with the ongoing efforts to diversify the economy.

Industry

Biotechnology Education Edtech E-commerce/Marketplace Electronics Financial Services Fintech Gaming Media and Entertainment Other Travel Blockchain/Crypto Infrastructure LegalTech Business Services (B2B) Consumer Products Consumer Services (B2C) Healthcare Services

Sukna Ventures Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Sukna Ventures Fund 1
Venture Capital (VC)
Business Services (B2B)
Consumer Products
Consumer Services (B2C)
Fintech
Healthcare Services
Media and Entertainment
Pre-seed
Seed
North America
Middle East
Africa
$5-10 m
$185 M
June 2012

Contacts

Name
Title
Email
avatar
Waleed Alballaa General Partner
General Partner
w•••@•••
avatar
Fares Bardeesi Founder & Managing Partner
Founder & Managing Partner
f•••@•••
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Investment-team contacts for Sukna Ventures — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Sukna Ventures

Sukna Ventures is a venture capital and private equity firm. It backs companies at Seed, writing tickets of $1-5 m.
Sukna Ventures is located in Riyadh, Riyadh Province, Saudi Arabia.
Sukna Ventures was founded in 2012.
Sukna Ventures invests in companies and startups in Biotechnology, Education, Edtech, E-commerce/Marketplace, Electronics, Financial Services, Fintech, Gaming, Media and Entertainment, Other, Travel, Blockchain/Crypto, Infrastructure, LegalTech, Business Services (B2B), Consumer Products, Consumer Services (B2C), Healthcare Services.
Sukna Ventures invests in companies and startups in North America, Europe, Middle East.
Sukna Ventures invests in companies and startups at Seed.
Sukna Ventures usually invests $1-5 m on average.
Sukna Ventures has around $185m assets under management.
Sukna Ventures last fund was created/launched in 2012-06-19
Sukna Ventures can be reached through its website suknaventures.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Sukna Ventures — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 21 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.