Startup funding in Saudi Arabia 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Saudi Arabia raised $1.3B in 78 venture rounds from January to September 2026, 18th of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
3 rounds of $100M or more hold 75.8% of that money. Without them, Saudi Arabia raised $308M, 24th of 119 countries.
Largest round
The largest round was D360 Bank in Riyadh: $400M, Series A, in June 2026.
Cities
Riyadh startups raised $1.3B, 99.1% of the national total, ahead of Makkah with $3M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 75 rounds, $308M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Riyadh | 67 | $1.3B | $297M | 3 |
| Makkah | 1 | $3M | $3M | 0 |
| Jeddah | 4 | $3M | $3M | 0 |
| Khobar | 1 | $2M | $2M | 0 |
| Dammam | 1 | $2M | $2M | 0 |
| Dhahran | 1 | $1M | $1M | 0 |
| Mecca | 1 | $1K | $1K | 0 |
| Jubail | 1 | $0 | $0 | 0 |
| Ar Riyad | 1 | $0 | $0 | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| D360 Bank | Riyadh | Series A | 2026-06-14 | $400M |
| Barq | Riyadh | Series A | 2026-09-15 | $330M |
| Tabby | Riyadh | Series F | 2026-09-14 | $233M |
| CogniAI Studios | Riyadh | Series A | 2026-05-04 | $80M |
| Madfu | Riyadh | seed | 2026-02-15 | $25M |
| Erad | Riyadh | Series A | 2026-09-28 | $22M |
| Simplified Financial Solutions Company | Riyadh | Series A | 2026-02-09 | $20M |
| NAYLA Finance | Riyadh | seed | 2026-09-02 | $18M |
| CashIn | Riyadh | Series A | 2026-02-16 | $16M |
| Safqah Capital | Riyadh | seed | 2026-02-09 | $15M |
Method
78 rounds in Saudi Arabia in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 63 of the 78 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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