Investor profile

Tawuniya Digital Ventures

CVC

Saudi ArabiaGCCMENAFintechHealthtechAI/MLOther

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Investment thesis

Tawuniya Digital Ventures is the corporate venture capital arm of Tawuniya (The Company for Cooperative Insurance), Saudi Arabia's largest insurer. The firm invests in InsurTech, FinTech, HealthTech, and Emerging Tech startups, with a thesis focused on supporting regionally and locally-grown seed and early-stage ventures that disrupt traditional businesses with scalable technology. Aligned with Saudi Arabia's Vision 2030, Tawuniya Digital Ventures backs companies that complement Tawuniya's core insurance and digital transformation strategy. The firm targets scaling, growth, and pre-IPO stage companies, writing initial checks of $500k–$2M, and seeks strategic co-investment opportunities that create win-win partnerships across the MENA ecosystem.

Notable quotes

We believe our strategy should not build everything from scratch — we can tap into partnerships and create a win-win situation in any given way that creates a joint opportunity. Test and try and innovate; whatever product works, we will invest more in it; what doesn't work, we will kill — and that's the beauty of digital companies.

Othman Al-Kassabi · Arab News / YouTube – 24 Fintech Conference, Riyadh · 2024-09-03

Tawuniya places a high priority on investing in the renewal of artificial intelligence systems and other modern technologies to transform the company from a leading firm in the Middle East and Africa into a global one.

Othman Alkassabi · Argaam interview

I invest in InsureTech, FinTech, HealthTech, and Emerging Tech startups.

Fahad Alhussein · OpenVC / Tawuniya Digital Ventures profile

Team

Abdullah Albesher

Head of Tawuniya Ventures

FintechHealthtechAI/MLOther

Fahad Almoharib

Senior Director, Venture Capital & Strategic Investments

FintechHealthtechAI/MLOther

Bader Alkhunini

Senior Director, Investment

FintechEnterpriseOther

Recent investments

CompanyRoundSizeDate
TachyHealthSeries A$5m2025-10-14
DarentSeed2024-09-18
SyarahSeries C$60m2024-09-04

Frequent co-investors

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