Saudi Arabia
Saudi Arabia’s Falak Investment Hub to foster the MENA startup ecosystem
Keeping with their commitment to support entrepreneurs and providing a full stack of tools necessary for all stages of a start-ups journey, Saudi based Falak investment hub is a one stop shop for star...
KPMG launches Centre of Excellence for Metaverse
KPMG Saudi Arabia in partnership with Microsoft, Ericsson and Metakey announced the establishment of its Centre of Excellence (CoE) for Metaverse and Digital Twins. KPMG believes this new initiative w...
Amazon launches Amazon Academy in Saudi Arabia
Amazon today announced the launch of Amazon Academy, its largest professional development program, to provide training and certifications in future-facing sectors, such as cloud technology, logistics ...
Flat6Labs closes Startup Seed Fund in Saudi Arabia
Flat6Labs announces the first close of the “Startup Seed Fund” in Saudi Arabia, with the participation of the Saudi Venture Capital Company (SVC) and the “Jada” Fund of Funds, wholly owned by the Publ...
Wafeq completes $3 million seed round
Wafeq has announced the completion of its $3 million seed round. The Dubai headquartered company’s seed round was led by Raed Ventures and saw participation from Wamda Capital, both of which are...
VC funding for Saudi Arabian startups grew by 72%
The “2022 Saudi Arabia Venture Capital Report” revealed that the funding deployed into Saudi Arabian startups grew by 72% to a record-high of $987 million (SAR 3.701 billion) in 2022 versus 2021.
Saudi fintech company Manafa secures SAR 106 million in Series A round
Leading Saudi fintech company Manafa has announced the closing of its Series A round of SAR 106 million (US$28 million) led by STV and Wa’ed Ventures, the venture capital arm of Saudi Aramco.
Geidea partners with Magnati to provide customer experiences in the metaverse
Saudi Arabia-based fintech firm Geidea has partnered with Magnati, a payment solutions industry leader, to enable merchants to provide seamless customer experiences in Magnati MetaV – the first metave...
Step kicks off Step Saudi in Riyadh
In the first half of 2022 alone, VC funding in Saudi Arabia grew more than threefold, outshining the whole of 2021, according to a report released by startup data platform Magnitt.