Elm is a Venture Capital firm based in Riyadh, Saudi Arabia.

Elm is a Saudi joint-stock company owned by the Public Investment Fund (PIF), listed on the Saudi Exchange (Tadawul) since 2022. It is Saudi Arabia's leading provider of innovative secure digital services and solutions to public and private sector clients. Through Elm Ventures, it invests in early-stage companies in mobility, health, information security, and financial services.

Seed
Early Stage
Growth
Cybersecurity
Fintech
Healthcare
Logistics
Mobility
GovTech
Infrastructure
Headquarters
Riyadh, Saudi Arabia
Founded
1988
Website
elm.sa
Portfolio Companies
8
Total Investments
9
Last Investment
Feb 2025
Geographic Focus
Middle East and North Africa, Saudi Arabia
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Indexed holds 8 portfolio companies and 9 funding rounds for this investor. The full record is or through the API.

Investment Thesis

Invest in early-stage technology companies aligned with Saudi Arabia's Vision 2030 digital transformation agenda, focusing on mobility, health, information security, and financial services. 17+ investments made through Elm Ventures.

It was founded in 1988. It has made 9 investments. Its portfolio includes Zid, Syarah and FlyAkeed. Focus areas include Cybersecurity and Fintech.

Portfolio8

Co-investors24

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24 co-investors across 40 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×21 · Sovereign Wealth Fund ×1 · Corporate VC ×1 · 25 shared rounds

Investment History

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Elm on Indexed.vc
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