Top VCs for Saudi startups
Updated 23 Oct 2026
175
Startups in Saudi Arabia with investors recorded
28
VCs backing 3 or more
19 / 28
Of the top list based in Saudi Arabia
Venture capital firms
| # | Investor | Based in | Startups | Since 2024 | Best-funded companies |
|---|---|---|---|---|---|
| 1 | F6 Ventures | Gîza, Egypt | 16 | 9 | SARsatX, Darent, dKilo |
| 2 | Impact46 | Riyadh, Saudi Arabia | 9 | 5 | Hala, Cognna, Bonat |
| 3 | Vision Ventures | Dammam, Saudi Arabia | 9 | 4 | Cognna, Spare, Nearpay |
| 4 | Khwarizmi Ventures | Riyadh, Saudi Arabia | 8 | 5 | Erad, Rewaa, Simplified Financial Solutions Company |
| 5 | SEEDRA Ventures | Riyadh, Saudi Arabia | 8 | 4 | Lucidya, Spare, Squadio |
| 6 | Raed Ventures | Riyadh, Saudi Arabia | 8 | 2 | Simplified Financial Solutions Company, Wafeq, Quant Data & Analytics |
| 7 | Wa’ed Ventures | Dhahran, Saudi Arabia | 7 | 4 | Rewaa, Bonat, Spare |
| 8 | Antler | Singapore, Singapore | 6 | 6 | TruBuild, Aman Vision, ARABLE |
| 9 | RZM Investments | Riyadh, Saudi Arabia | 6 | 5 | Rewaa, Bonat, Abyan Capital |
| 10 | VentureSouq | Dubai, United Arab Emirates | 6 | 4 | Erad, Lucidya, Resal |
| 11 | Derayah Venture Capital | Riyadh, Saudi Arabia | 6 | 3 | Rewaa, Resal, Mabaat |
| 12 | Nama Ventures | Riyadh, Saudi Arabia | 6 | 2 | PIESHIP, palm.hr, iStoria |
| 13 | STV | Riyadh, Saudi Arabia | 6 | 2 | Abyan Capital, Intelmatix, Levers |
| 14 | Shorooq Partners | Abu Dhabi, United Arab Emirates | 5 | 4 | Lean Technologies, Penny Software, Intelmatix |
| 15 | Wamda Capital | Dubai, United Arab Emirates | 5 | 4 | Hala, Wafeq, Penny Software |
| 16 | Oqal | Riyadh, Saudi Arabia | 5 | 2 | Hala, AlGooru, Marn.io |
| 17 | Core Vision Investments | Riyadh, Saudi Arabia | 4 | 4 | Zetta Technologies, Rakeez Capital, ARKTECH |
| 18 | Global Ventures | Dubai, United Arab Emirates | 4 | 2 | Tabby, Zid, ELEVATUS |
| 19 | Mad'a Investment Company | Riyadh, Saudi Arabia | 4 | 2 | Raqamyah Debt Crowdfunding, RedBox, Clinicy |
| 20 | Sadu Capital | Riyadh, Saudi Arabia | 4 | 2 | OTO, DataLexing, Reachware |
| 21 | Sanabil | Riyadh, Saudi Arabia | 4 | 2 | Kitchenara, OTO, Nearpay |
| 22 | Arzan Venture Capital | Kuwait, Kuwait | 4 | 1 | Zid, Nearpay, Revenya Capital |
| 23 | Business Innovation Mine (BIM) | Riyadh, Saudi Arabia | 4 | 1 | CashIn, Sanad Cash, Conix.ai |
| 24 | Nour Nouf Ventures | Jeddah, Saudi Arabia | 3 | 3 | Hala, Squadio, Aanaab |
| 25 | Nuwa Capital | Dubai, United Arab Emirates | 3 | 3 | Erad, EdfaPay, Mala Inc. |
| 26 | Merak Capital | Riyadh, Saudi Arabia | 3 | 1 | Jisr HR, Qoyod, Yalla Plus |
| 27 | Bossa Invest | São Paulo, Brazil | 3 | 0 | Zid, Noon Academy, MRSOOL |
| 28 | Sukna Ventures | Riyadh, Saudi Arabia | 3 | 0 | Dawul, Marn.io, Marn |
Venture capital firms by startups in Saudi Arabia in their portfolio. Source: FundingWatcher. Data as of 23 October 2026. Base: 175 startups.
Accelerators, incubators and public funders
| # | Investor | Type | Based in | Startups | Since 2024 |
|---|---|---|---|---|---|
| 1 | 500 Global | Startup accelerator, Micro VC fund, Venture capital firm | Palo Alto, United States | 17 | 6 |
| 2 | 500 Mena | Startup accelerator, Corporate venture arm | San Francisco, United States | 14 | 8 |
| 3 | Saudi Venture Capital Company | Startup accelerator, Private equity firm, Venture capital firm, Venture debt fund | Riyadh, Saudi Arabia | 8 | 4 |
| 4 | KAUST Innovation Fund | Startup accelerator, University program, Venture capital firm | Thuwal, Saudi Arabia | 7 | 2 |
| 5 | Taqadam | Startup accelerator | Thuwal, Saudi Arabia | 6 | 2 |
| 6 | Techstars | Startup accelerator, Venture capital firm | New City, United States | 4 | 4 |
| 7 | Plug and Play | Startup accelerator, Co-working space, University program, Venture capital firm | Sunnyvale, United States | 4 | 2 |
| 8 | Adaverse | Startup accelerator, Venture capital firm | Lagos, Nigeria | 3 | 3 |
| 9 | Flat6Labs Riyadh accelerator program | Startup accelerator | Abu Dhabi, United Arab Emirates | 3 | 3 |
| 10 | Y Combinator | Startup accelerator | Mountain View, United States | 3 | 1 |
Accelerators, incubators and government investors by startups in Saudi Arabia. Source: FundingWatcher. Data as of 23 October 2026. Base: 175 startups.
Method
A startup counts for an investor when the investor is among the investors recorded for the company across all its rounds. The startups are companies headquartered in Saudi Arabia whose most recent round is pre-seed, seed, angel or Series A through J. "Since 2024" counts the companies whose most recent round is dated 1 January 2024 or later. Venture capital firms are investors typed as venture capital or micro VC and not also as accelerator, incubator or government office. An investor needs 3 companies to be ranked. Ties go to the higher count since 2024. Best-funded companies are the three with the most total funding.
Other countries
United States3,096
China574
United Kingdom438
Germany303
India263
Canada227
France219
Israel168
Singapore166
South Korea137
Japan130
Brazil111
Australia102
Spain84
The Netherlands78
Switzerland66
Mexico54
Indonesia47
Poland45
Sweden44
United Arab Emirates40
Turkey40
Italy36
Finland36
Denmark31
Belgium26
Cite: FundingWatcher, top vcs for saudi startups, 23 October 2026. https://fundingwatcher.com/investors/top/saudi-arabia/