STC Ventures Completes Its Investment in Acadox (MENA)

Source: STC Ventures

STC Ventures Fund, a Saudi Arabia-focused venture capital fund managed by Iris Capital Management, has acquired a minority stake in Saudi Arabian software company Acadox. STC Ventures is anchored by Saudi Arabian telecommunications company STC Group. Acadox was developed through the New Ventures & Entrepreneurship Program of King Abdullah University of Science & Technology (KAUST).