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The Venture Codex

National Technology Development Program

Riyadh, Saudi Arabia

Overview

Encourages and supports national companies in the IT and emerging technologies sector to increase its local market share and global exports.

Total investments
2
Lead investments
1
Investments · 12mo
2
Active investors
1
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Investment portfolio

  • Byzanlink

    Participated · Seed · Jul 2026

    Byzanlink develops infrastructure to support tokenized finance through its BTOS (Byzanlink Tokenisation Operating System) and RWA Markets products. The project emphasizes a modular, multi-chain approach and has launched across ecosystems including Hedera, Kaia Chain and Solana. Byzanlink announced a strategic collaboration with Hedera in July 2025 and has been onboarding institutional clients while expanding ecosystem integrations. The company raised $1 million in a private seed round in June 2025 to accelerate product development, deepen integrations, and strengthen compliance and operations. Founder Anbu Kannappan has positioned the seed funding as the foundation for the platform’s subsequent launches and partnerships.

  • Squadio

    Led · Series A · Oct 2025

    Founded in 2019 by Khaled Senawy, Squadio operates a talent acquisition and team-building SaaS platform focused on remote software professionals. The company connects enterprises and startups to a vetted pool of more than 55,000 tech specialists spanning over 80 countries, enabling rapid assembly and scaling of distributed engineering teams. Its client roster exceeds 450 organizations across the Middle East and the United States, including large enterprises such as STC, Elm, Thiqah, Monsha’at, and Nupco. Squadio’s headquarters are in Riyadh, with additional offices in Dubai, Alexandria, and Silicon Valley, supporting its cross-regional operations. Revenue figures were not disclosed, but the company plans to leverage its expanding network and geographic footprint to drive further growth. Proceeds from its latest funding will be allocated to enhancing platform capabilities, enlarging the global talent pool, and accelerating both regional and international expansion initiatives.

Team