Jada Fund of Funds Fuels Saudi VC system growth in 2023‎

Mamdoh Al-Yahya – Maaal

Jada Fund of Funds witnessed an unprecedented year during 2023, with a record commitment of SAR 1 billion across 10 funds. Since its founding, Jada has committed SAR 3.4 billion to 37 funds, propelling the Saudi VC investment vision to rank 1st in MENA for the first time ever.

Jada Fund of Funds is a Saudi company based in Riyadh. It was launched based on a resolution of the Saudi cabinet. The company was established by the Public Investment Fund with an investment capital of SAR 4 billion (approximately USD 1 billion). The establishment of Jada is a critical component of Saudi Arabia’s Vision 2030 which includes developing a thriving venture capital, private equity and private debt system in Saudi Arabia.

Jada was established to inject investment capital into high potential venture capital and private equity funds to mobilize substantial private capital, magnify its impact and maximize the opportunities for success of innovative start-ups and SMEs in Saudi Arabia.

In addition to financial contributions, Jada enriches the private capital knowledge including through regular meetups, emerging fund manager trainings, outreach programs and partnership with international academic institutions to, among others, publish case studies on Saudi-based success stories for companies and fund managers.

As of December 2023, Jada has 37 funds under management, with SAR 3.4 billion committed. Through these funds, it has supported over 12,000 jobs, by supporting over 500 SMEs.