Saudi VC fund hires from google to help build tech unicorns

Jakovljevic will join Saudi Arabia’s STV as chief development officer next month. — Bloomberg

One of the Middle East’s largest venture capital funds hired Ivan Jakovljevic from Google Inc to help transform its portfolio of start-ups into so-called unicorns.

Jakovljevic will join Saudi Arabia’s STV – which backed Dubai-based ride-hailing firm Careem Inc before its sale to Uber Technologies Inc – as chief development officer next month, the company said in a statement. He was previously head of new markets for Google in the Middle East and North Africa.