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SAUDI ARABIA DISCLOSES TIES TO ANDREESSEN HOROWITZ, DOZENS OF OTHER VENTURE
FUNDS

By
Becky Peterson
 * becky.peterson@theinformation.c­om
 * Profile and archive →
 * Follow Becky on Twitter

and
Kate Clark
 * kate@theinformation.c­om
 * Profile and archive →
 * Follow Kate on Twitter

 |  April 3, 2023 12:49 PM PDT
Photo: Ben Horowitz (left) and Marc Andreessen at the Future Investment
Initiative Institute conference in Miami in late March. Photo courtesy of FII
Institute


For several years, venture capital firms have been cagey about whether they have
raised money from Saudi Arabia, following the 2018 murder of Washington Post
columnist Jamal Khashoggi in one of the country’s consulates. The Saudis, for
their part, are no longer keeping quiet.

The venture arm of the Saudi Public Investment Fund, the country’s $620 billion
sovereign wealth fund, has begun disclosing on its website its partnerships with
nearly 40 U.S. VC firms and a handful of international funds. Among the
relationships disclosed by the Saudi venture arm—known as Sanabil
Investments—are connections to marquee investment firms Andreesseen Horowitz,
Coatue Management, Craft Ventures and Insight Partners.


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