Target Information
STV’s NICE Fund I has made a strategic investment in invygo, the premier car subscription platform in the Middle East. This investment is part of invygo’s Series A extension round, which also included funding from existing investors like Al Rajhi Partners, Arab Bank Ventures, SPV, MEVP, and C5.
Founded in 2019, invygo has disrupted the traditional car ownership model by providing flexible and accessible car subscription services. The company has achieved a remarkable revenue run-rate exceeding $100 million, driven predominantly by the success of its innovative
Similar Deals
STV’s NICE Fund I
invested in
invygo
in 2024
in a Series A deal
Disclosed details
Revenue: $100M
Deal Parametres
Industry
Automobiles & Auto P...
Country
Saudi Arabia
Seller type
Private