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Wise Venture
Wise Venture is a subsidiary of WISE Holding. It invests in venture-stage companies in information technology, telecommunications, cleantech, and e-business.
Wise Venture
Wise Venture is a subsidiary of WISE Holding. It invests in venture-stage companies in information technology, telecommunications, cleantech, and e-business. The firm has made four investments, including a Seed VC investment in Slate Digital on November 17, 2021.
General information
Firm type
Venture Capital
Year founded
2018
Location
Region
Middle East
Country
Saudi Arabia
City
Buraydah
Corporate office
Qassim, Saudi Arabia
Frequently asked questions
Where does Wise Venture's capital come from?
The firm's capital base has not been publicly disclosed. Given its location in Qassim, a province with significant private wealth generated from agriculture, real estate, and regional trade, the firm is likely capitalized by a consortium of local family offices or high-net-worth families. No sovereign or foreign limited partners have been confirmed.
What investment stages does Wise Venture target?
Wise Venture focuses on early-stage companies, specifically seed and startup rounds. This involves taking minority equity stakes in nascent businesses, typically as their first or second external investor. The firm does not appear to participate in later-stage growth equity or pre-IPO financing based on its stated strategy.
How does Wise Venture source deals from Qassim?
The firm's location in Buraydah grants it physical proximity to a network of regional entrepreneurs and established commercial families that Riyadh-based VCs often reach only through periodic visits. Sourcing likely runs through offline, trust-based introductions within the Qassim business community rather than through broker-led auctions or formal venture pipelines.
Does Wise Venture participate in fund commitments or only direct deals?
Available information describes Wise Venture as a direct investor in private companies rather than a fund-of-funds allocator. The firm appears to concentrate on originating and underwriting its own deals. There is no public record of it placing capital into external venture funds.
Is Wise Venture connected to a larger Saudi conglomerate?
No direct corporate parent or connection to a major Saudi conglomerate has been publicly established. The firm operates under its own banner without a disclosed affiliation to a larger industrial group or holding company, a structure that distinguishes it from the venture arms of family conglomerates common in the region.
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