SIRB – Chrome Advisory

What Is SIRB Angels?

SIRB was a government-funded angel activation platform that trained individual investors, screened early-stage ventures, and enabled actual deal-making through structured pitch cycles and investment readiness support. It also helped founders gain business credibility by meeting formal due diligence standards — accelerating their pathway to funding.

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Program Objectives

Build and train Saudi Arabia’s first structured network of angel investors

Connect qualified startups with capital through rigorous pitch cycles

Strengthen the early-stage venture pipeline through diligence and prep

Deliver national capital infrastructure aligned with Vision 2030

Track and report funding outcomes and economic contribution

Unique Features

40 angel investors trained through targeted, multi-session workshops
42 ventures screened, 14 filtered, and 19 pitched
6 startups funded with over SAR 12M in deployed capital
Combined portfolio ROI of 2.9X, with 1.7X NAV growth and 96% IRR
45 direct jobs created and up to 1400% sales growth in select ventures
Long-term institutional value: pipeline infrastructure, investor education, and policy modeling

Why It Matters

SIRB proved that with the right structure, national capital can activate private markets. By combining public sponsorship (via KACST) with expert execution (via Chrome), the program delivered measurable funding success and ecosystem lift — validating a model for early-stage capital market development in the Kingdom.

It also served as a blueprint for subsequent public-private venture initiatives in Saudi Arabia, confirming that angel investing, if designed right, can be an engine of both innovation and economic growth.

Backed by

King Abdulaziz City for Science and Technology(KACST ) – Badir Program

SIRB operated under KACST’s national strategy to support innovation and venture funding in priority sectors including biotech, advanced manufacturing, software, and clean tech. It also aligns with Vision 2030’s focus on SME scaling, FDI attraction, and capital market depth.

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