Saudi Arabia
Saudi Arabia launches SME Development Program
The International Islamic Trade Finance Corporation (ITFC), Saudi EXIM Bank, and General Authority for Small and Medium Enterprises (Monshaat) signed an tripartite MoU to launch the KSA SME Developmen...
Spoilz Games raises 2.6 million SR in pre-seed funding
Riyadh based, mobile gaming studio and publisher, Spoilz Games has closed a pre-seed investment round of 2.6 million SR from angel investors. This investment will allow the company to further develop ...
Geidea expands its operations into the UAE
Geidea, the largest fintech company in Saudi Arabia by market share, today announced that it has expanded its operations into the United Arab Emirates and will offer an extensive suite of value-added ...
Riyadh-based C2C marketplace, Soum raises $4 million
Riyadh-based C2C marketplace, Soum has successfully raised $4 million in seed funding led by Outliers Venture Capital and Mazen Aljubeir. The round also included participation from Khwarizmi Ventures,...
KAUST, SABB award $1.1million in funding to 11 startups
King Abdullah University of Science and Technology (KAUST) and partner Saudi British Bank (SABB) previewed 23 startups—eight from Saudi Arabia and 15 international—and 58 founders during its annual TA...
Saudi Arabia to host Global Entrepreneurship Congress
The Small and Medium Enterprises General Authority of Saudi Arabia (Monsha’at) in collaboration with the Global Entrepreneurship Network (GEN) is all set to organise the Global Entrepreneurship ...
Bosta raises new investment to expand into Saudi Arabia
Leading logistics company, Bosta has just announced the opening of its first office in Riyadh, Saudi Arabia as the company plans to expand its operations and offer its services across the Middle East ...
Saudi tech company Master Works raises $40 million
Master Works, a leading data and digital transformation company announced that it has raised an investment of $40 million (150 million SR) in one of Saudi’s biggest technology deals to date. The...
Over $6.4 billion investments announced in Saudi Arabia
Entrepreneurship is also flourishing in Saudi Arabia, with venture capital investment in 2021 exceeded the total for 2019 and 2020 combined. And, at LEAP22, investments of over $6.4 billion are announ...