$500 million technology venture capital fund plans to do so through building its technical capability and enabling its portfolio companies RIYADH: Saudi Technology Ventures has partnered with Meta — formerly Facebook — to scale up the tech ecosystem in the Kingdom and the Middle East and North Africa region. The $500 million technology venture capital fund plans to do so through building its technical capability and enabling its portfolio companies, it said in a statement. As part of the deal Meta will provide strategic and financial incentives to serve STV"s objectives towards its portfolio and the broader ecosystem.