Saudi Arabia
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.
Saudi Arabia introduces metaverse to accelerate digital tourism
The 22nd edition of the World Travel & Tourism Council (WTTC) Global Summit in Saudi Arabia will be attended by a prestigious gathering of tourism leaders in Riyadh. It is also supported by a meta...
Google Cloud establishes Centre of Excellence and Startups Cloud Academy in Saudi Arabia
Google Cloud has announced the launch of the Centre of Excellence (CoE) that is set up to provide learners in Saudi Arabia with access to develop in-demand skills in emerging cloud technologies with G...
Saudi Arabia based, CyberME Studio presents homegrown cybersecurity startups at Black Hat MEA
Saudi Arabia-based CyberME Studio, announced today that it has entered into a strategic alliance with the first Middle East region’s enterprise B2B marketplace, AmiViz to present its 3 startup compani...