Saudi Arabia

SVC invests $20M in Booster Fund IV by BECO Capital

Saudi Venture Capital (SVC) announced an investment of $20M in Booster Fund IV, a venture capital fund managed by BECO Capital. BECO Capital is an early-stage venture firm in the Gulf with $495M in AU...

PIF and Google Cloud to create a new global AI hub in Saudi Arabia

PIF and Google Cloud today announced a strategic partnership to create a new global artificial intelligence (AI) hub. The new AI hub will be based near Dammam, in Saudi Arabia’s Eastern Province.

Saudi agritech startup, Nabt raises $1.5 million led by Merak Capital

Nabt, a pioneering Saudi agritech startup, has successfully closed a $1.5 million seed investment round in Q3 2024, led by Merak Capital, a technology-focused investment firm, with the participation o...

Investcorp announces investment partnership with Awaed

Investcorp announced a commercial partnership with Awaed, the first commission-free Saudi trading platform. Under the terms of the partnership, Awaed will enable their clients to invest into Investcor...

Wa’ed Ventures to invest $100 million in early-stage AI startups

Wa’ed Ventures announces earmarking $100 million for early-stage AI investments, a bold move to support positioning the Kingdom as a global AI hub. To aid with strategic deal sourcing and accelerate l...

Accel-backed Jetapult takes major stake in KSA-based UMX for $4.5mn

Accel-backed Jetapult, a global strategic investment company in the gaming landscape, takes a major stake in UMX Studio, one of the first homegrown game development studios in Saudi Arabia. The compan...

Saudi Arabia’s Ejari successfully closed the $14.65mn seed round

Ejari, the Saudi Arabian Rent Now, Pay Later (RNPL) platform, has achieved a significant milestone by successfully closing a $14.65mn seed financing round. This round was led by PFG and BECO Capital, ...

Blossom Accelerator celebrates a decade of accelerating startups

Blossom Accelerator, a Saudi pioneering force in the global startup ecosystem, announces its ambitious plans to further cultivate entrepreneurship and innovation across the GCC, MENA, and beyond. With...

LinkedIn reveals 2024 Top 10 Startups from Saudi Arabia

LinkedIn has announced its annual Top Startups list, ranking the top 10 companies based in Saudi Arabia that have established themselves as workplaces that attract top talent.