, Reinforcing Saudi Arabia’s Global Leadership in Knowledge and Innovation
The fund will empower learners and innovators worldwide, reinforcing Saudi Arabia’s role as a global hub for knowledge and innovation.
Oasis Capital, in partnership with FAM Holding, has announced the launch of the $100 million Thurayya EdTech Fund, a pioneering investment vehicle designed to accelerate innovation across education, training, employment, and creative technologies (ETEC) both within the Kingdom and globally.
Unveiled at the Future Investment Initiative (FII) in Riyadh, the Thurayya EdTech Fund embodies Saudi Arabia’s growing influence as a global center for knowledge, innovation, and human capital development. Led by Oasis Capital and FAM Holding, it aims to drive scalable, impact-driven ventures that lie at the intersection of education and technology, ranging from Saudi-born startups pioneering new models of digital learning and skilling, to international innovators reimagining access to education and creative expression. In line with the Kingdom’s emphasis on economic diversification and knowledge-based industries, Thurayya will also support ventures that enable lifelong learning, workforce readiness, and future skills empowerment, helping communities and institutions adapt to the demands of an AI-driven, innovation-led economy.
“Thurayya represents a bridge between Saudi Arabia’s vision and the world’s innovation frontier,” said Abdulrahman Alsuhaymi, Managing Partner at Oasis Capital. “We believe education and creativity are the most powerful engines for sustainable prosperity. Through this fund, we are championing founders and innovators whose ideas will not only empower individuals but also strengthen Saudi Arabia’s role as a global contributor to human progress.”
“Thurayya is inspired by Saudi Arabia’s ambition to lead with purpose and possibility” said Her Highness Princess Muneera Alrasheed, Founder and Chairwoman of FAM Holding. “By investing both within the Kingdom and beyond its borders, we are positioning our nation as a source and supporter of global innovation, where knowledge, opportunity, and creativity intersect to uplift humanity.”
The fund reflects the Saudi Arabia’s shift from being a consumer of global technologies to becoming an active architect of the world’s innovation landscape. The Kingdom’s edtech sector alone was valued at USD 2.32 billion in 2024 and is projected to grow at a 12.8 % CAGR through 2033, reaching roughly USD 6.85 billion by 2033. By fostering cross-border collaboration and investing in high-growth ventures, Thurayya aims to strengthen Saudi Arabia’s position as a bridge between local talent and global opportunity.
The initiative also brings together a world-class network of experts, advisors and partners, including Cindy Mi, Founder and CEO of VIPKid, and other renowned education and technology leaders. Their collaboration will help ensure that Thurayya-backed ventures meet global standards of innovation, scalability, and measurable social impact.
