Investors looking to invest in Saudi Arabia

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50K - 250K
VERSO X is a venture capital fund created by VERSO Holdings, an investment firm focused on technology companies. The fund aims to invest in early-stage companies in the tech sector, with a focus on artificial intelligence, machine learning, blockchain, and digital healthcare. The fund is managed...
100K - 500K
Alarabi Investments is a private capital firm based in Dubai, United Arab Emirates that specializes in alternative investments and active management of portfolio companies. The firm was established in 1996 as the first fully fledged investment banking financial services firm in Jordan, and was a...
500K - 2M
VentureFriends is a venture capital fund founded in 2016. It invests in tech-enabled companies and Seed and Series A startups. The fund has a remit to do seed investments in Greek startups, and it has been mentioned in 1 CB Insights research brief. It has 9775 followers on LinkedIn, and it is ba...
250K - 7M
Nuwa Capital is a venture capital firm based in Dubai, United Arab Emirates. The firm focuses on early-stage investments in technology and healthcare companies, particularly those in the Middle East and North Africa. They invest in startup companies, providing capital, guidance, and access to th...
250K - 1M
Outliers.vc is an early stage venture capital firm based in Los Angeles, California. Founded in 2019, Outliers focuses on investing in founders and teams that are tackling hard problems and building meaningful companies. The firm provides pre-seed and seed investments to founders who are creatin...
100K - 1M
Founded in 2020, First Check Ventures is a venture capital firm based in San Francisco, California. The firm focuses on investing in early stage and growth startup companies, providing seed funding rounds and offering corporate development and corporate strategy services. The firm is led by Ali ...
50K - 100K
Venture MENA is a dedicated Venture Capital fund that sources and invests in MENA-based early-stage technology startups. The firm is based in Abu Dhabi, United Arab Emirates and is part of the Mubadala Capital group. The firm provides capital, mentorship and support to early-stage startups, help...
2M - 7M
CE-Ventures is the corporate venture capital platform of Crescent Enterprises, focused on making strategic investments in early to late-stage technology companies. CE-Ventures invests in high-growth technology companies and venture funds, and has invested in companies across a wide range of sect...
150K - 500K
Propeller is an end-to-end solution provider that offers warehouse, fulfillment, kitting and assembly services in Utah. They have been in business for over 31 years, and specialize in helping companies to quickly and accurately track, map, and measure their worksites. They also provide best-fit ...
10K - 100K
Mempool Ventures is a venture capital firm that specializes in investments in blockchain and cryptocurrency startups. The firm was founded in 2018 and is based in Singapore, with offices in Tokyo and San Francisco. Mempool Ventures focuses on early-stage investments in projects and companies tha...
100K - 20M
Palindrome Capital is an investment firm that specializes in providing capital for early-stage companies. By taking a long-term approach to investing in innovative companies, Palindrome Capital seeks to help promising businesses succeed and grow. The firm works with entrepreneurs to provide vent...
50K - 250K
The Qatar Digital Transformation Authority (DTA) is a government agency focused on driving digital transformation and advancing technological progress in Qatar. They provide resources and guidance to businesses and citizens to help them make use of digital technologies, from e-commerce to digita...
100K - 300K
DLAB is an early-stage venture capital firm with investments in web3, decentralization, and blockchain technology. The firm provides resources and guidance to startups and entrepreneurs, helping them develop their ideas and bring them to market. DLAB offers multi-stage investments that can range...
1M - 4M
Great Eagle Holdings Limited is a Hong Kong-based investment company that owns, develops, and manages multi-purpose properties across Asia, ranging from residential, office, retail, and hotel properties. The company was listed on the Hong Kong Stock Exchange in 1972, and has a market capitalizat...
50K - 200K
Remote First Capital is a venture capital investment firm headquartered in San Francisco, California. They focus on investing in companies that improve remote work or leverage global work in a unique way. Their team of founders, operators and early investors work to support and grow the remote w...
50K - 250K
YAP Capital is a syndicate of entrepreneurs that supports the next generation of founders to drive innovation and growth. It provides qualified clients access to pre-IPO growth companies in their late-stage rounds of venture capital and a round of their own investments. YAP Capital also provides...
100K - 1M
Sheesha Finance is a leading DeFi project that provides investors with a streamlined process for their analysis, trading, and tracking needs. It offers a complete one-stop-shop for all web3 startups, providing mentorship and guidance from experts, product and UX feedback, roadmap strategy design...
50K - 150K
SuperCharger Ventures is an EdTech accelerator that specializes in helping early-stage and growth-stage startups expand to Europe, Middle East, and Southeast Asia. They provide market intelligence, startup demos, case studies, and other EdTech support for universities, and have released a world'...
50K - 2M
United Investors is an investment company headquartered in Moscow, Russia. The company provides a wide range of services, including asset management, corporate finance, financial advisory, and capital markets services. It also offers a variety of banking services, such as international payments,...
150K - 2M
500 Startups is a global venture capital seed fund with a network of venture capital, corporate, and startup programs. It is based in Silicon Valley and has offices in over 50 countries. The company provides seed investments to startups, runs accelerator programs, provides venture capital educat...
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Fundraising in Saudi Arabia:

  • Overview: The startup scene in Saudi Arabia has been rapidly growing in recent years, attracting both local and international investors. The government has launched numerous initiatives to support the growth of the entrepreneurial ecosystem, making it one of the most attractive investment destinations in the Middle East.
  • Investment Figures: In 2020, startups in Saudi Arabia raised a total of $411 million through venture capital funding. The fintech and e-commerce sectors have seen the most investment activity, followed by the healthcare and energy industries.
  • Top Investors:
    • STC Ventures
    • VentureSouq
    • Wa'ed Ventures
    • Riyadh Venture
    • Badir Program for Technology Incubators and Accelerators
  • Popular Startups:
    • Careem - a ride-hailing app, later acquired by Uber
    • Foodics - a cloud-based platform for food and beverage businesses
    • WFH - a virtual workspace and productivity app
    • Afkar - a platform connecting investors with startups
    • Mawdoo3 - an online platform for educational and cultural content
  • Government Support: The government has launched several initiatives to support the growth of the startup ecosystem in Saudi Arabia. These include the Vision 2030, the National Transformation Program, and the Saudi Arabian General Investment Authority (SAGIA). These initiatives aim to diversify the economy, increase innovation and entrepreneurship, and attract foreign investment. In addition, the government has also established several investment funds and accelerators to support local startups and entrepreneurs.
  • Comparison with the Rest of the World: The startup scene in Saudi Arabia is relatively young compared to other countries, but the rapid growth and government support make it an attractive destination for investors. The fintech and e-commerce sectors have shown promising potential and the government's continued efforts to support entrepreneurship are likely to further fuel the growth of the startup ecosystem in the coming years. Local startups also enjoy very attractive tax rates compared with Europe or the United States.