Saudi based startups continue to raise significant funding - Arab …

Dec 16, 2023 · CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments. Naeem, a Saudi Arabia-based software as a …

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Saudi Startup Ecosystem Accounts For 60% Of Regional Funding In ...

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Oct 19, 2024 · CAIRO: Saudi Arabia’s startup ecosystem accounted for 60 percent of the Middle East and North Africa region’s funding in September, with $170.8 million raised across 23 …

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MENA Startup Funding Report: $328.3M Raised In September 2024

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Oct 5, 2024 · The number of startups by country between August 2024 and September 2024 reveals significant growth in entrepreneurial activity across the MENA region. In August, the …

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Saudi Startups Lead MENA Venture Funding With $224M In Q1, …

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Jan 20, 2025 · In March alone, MENA startups secured $254 million across 54 deals, representing a significant increase in funding compared to previous months and a slight rise from the same …

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Saudi Arabia’s Startups Raise $198 Million In March 2024

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Apr 3, 2024 · A report from Wamda and Digital Digest revealed that the bulk of the investments in startups ($130 million) went into the pre-IPO round of Saudi Arabia-based Software as a …

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Saudi Startups Account For 60% Of Regional Funding

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Oct 20, 2024 · Saudi Arabia’s startup ecosystem accounted for 60 percent of the Middle East and North Africa region’s funding in September, with $170.8 million raised across 23 deals. …

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Saudi Deep Tech Startups Raise More Than $100 Million Since 2020

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Jan 7, 2025 · According to the study, Saudi deep tech startups have raised over $100 million in funding since 2020. Mapping Saudi Arabia’s Deep Tech Ecosystem defines five pillars for the …

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Saudi Arabia Secures 52% Of All Regional Startup Funding During 2023

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Jan 8, 2024 · He noted that Saudi Arabia’s ranking rose from fourth in 2018 to the top position in 2023. Notably, the funding deployed into regional startups in 2023 grew twenty-one-fold …

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The $1 Trillion Investment Surge In Saudi Arabia: Key …

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Sep 24, 2024 · Saudi Arabia’s Vision 2030 represents a monumental $1 trillion investment opportunity in Saudi Arabia, targeting six strategic sectors by 2030. This massive financial …

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Startup Of The Week – Egypt’s Qara Targets Saudi Arabia ... - Arab …

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2 days ago · RIYADH: Egypt-based supply chain technology company Qara is preparing to expand into Saudi Arabia, leveraging a $2.6 million funding round to support its entry into the …

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FAQs about Saudi based startups continue to raise significant funding - Arab … Coupon?

How does Saudi government support MENA Startups?

The Saudi government’s proactive stance has attracted private investment, with venture capital firms, accelerators, and incubators keen to nurture local talent. MENA startups raised $328.3 million across 60 companies in September. Saudi cities like Riyadh and Jeddah are emerging as key startup hubs supported by government initiatives. ...

How much funding does Saudi Arabia have?

Saudi Arabia’s large share of the funding pie is a testament to the nation’s growing commitment to developing its tech and innovation sectors as part of its Vision 2030 goals. The United Arab Emirates (UAE) followed closely with $114.32 million in funding. ...

How much money did Saudi Arabia invest in mining startups?

The startups have received a total of $700M in funding, The New York Times reported in 2024. Saudi Arabia’s focus on mining likely reflects new global shift toward controlling value chains for critical minerals needed for computer chips and the transition to a new energy economy. ...

How much money did Saudi Arabia raise in MENA?

Saudi Arabia led the regional funding efforts, securing $165.34 million across 13 startups — accounting for more than half of the total capital raised in MENA. ...

Is NEWLab launching a new hub in Saudi Arabia?

Newlab To Launch A Saudi Hub. First Focus: Mining Startups Newlab, a New York City-based company that helps launch and fund startups in industrial sectors, is opening a new hub this year in Riyadh, Saudi Arabia. The hub aims to attract startups to Saudi Arabia, focusing first on the mining industry. ...

How much money did UAE startups raise in August?

August saw the UAE’s Yuze Digital, a FinTech startup, lead with a $30 million funding round, while E Daddy, a manufacturing startup, raised $15 million, indicating a growing push towards non-oil industries. Media and entertainment platform Myco raised $10 million, and Saudi-based Resal secured $9 million. ...