STV’s Emerging Tech & AI Fund secures backing from Arcapita

Saudi venture capital firm STV has secured an investment from global alternative investment manager Arcapita for its Emerging Tech & AI Fund, adding to an institutional investor base that includes Google, regional semi-sovereign entities and endowment investors. The size of Arcapita’s investment was not disclosed. The fund targets early-stage, application-layer technology and AI startups, with a focus on supporting their growth across the Middle East and North Africa and international mark