Saudi Arabia Venture Capital Stock Estimates

[sadiksojib35]

Four years ago, the volume of venture deals in Saudi Arabia was $45 million, and in 2023 it exceeded the $2.5 billion mark, which allowed it to push the UAE into the background for the first time in the history of the region.

In comparison with the UAE, it is noteworthy that the china telegram database main source of capital for startups is local Saudi funds, their share of capital is almost half of the total volume. Second place is occupied by funds with American roots, and then by the kingdom's neighbors in the region.

Family offices in Saudi Arabia are as powerful a force as funds or accelerators, and actively diversify their assets. With the caveat that they are less likely to participate in venture deals and prefer less risky investments.

Last year was also memorable for the Saudi Arabian venture market for a record number of mega-deals in fintech and eCom worth over $100 million. The two largest of them provided BNPL services Tamara and Tabby with unicorn status, while the third big check went to express grocery home delivery service Nana Direct.

Fintech has always had a bright spot in the region, given the near-100% internet penetration and substantial funding through government venture funds like Saudi Venture Capital Company and Jada Fund of funds.