Top 10 Venture Capital Firms in Saudi Arabia in 2024

Finding the right VC firm or investor isn’t easy. Some will provide mentorship and operational expertise. Others will only provide you with the capital.

Here’s a list of the top venture capital firms in Saudi Arabia so that you can find an investor that fits you and your startup.

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10 Venture Capital Firms in Saudi Arabia

1) 500 Startups

500 Global is a globally renowned venture capital firm investing in early-stage tech companies.

Details of the VC firm:

• Country: USA, India, United Kingdom, Brazil, France, Hong Kong, Singapore, United Arab Emirates, Azerbaijan, Egypt, Bahrain, Saudi Arabia, Thailand, China, Malaysia, Cambodia, South Korea, Taiwan
• City: San Francisco, Austin, Las Vegas, Mexico City, Miami, New York, São Paulo, Washington, Abu Dhabi, Baku, Cairo, Dubai, Manama, Riyadh, Bangalore, Bangkok, Hangzhou, Ho Chi Minh City, Jaipur, Kuala Lumpur, Nagoya, Phnom Penh, Seoul, Shanghai, Taipei, Tokyo
• Started in: 2010
• Founders: Christine Tsai, Dave Mcclure
• Industries: SaaS, Media, E-Commerce, Consumer, Healthcare, Proptech & Real Estate, Hardware & Industrials, Education, Devops, Fintech, Crypto & Blockchain
• Stages: Early Stage, Seed
• Minimum check size: $50,000
• Maximum check size: $250,000
• Number of investments: 2600
• Number of exits: 339
• Funds raised: $67,000,000,000
• 3 remarkable investments: Canva, Solana, Reddit

You can find their website here.

You can send them an email at info@500startups.com.

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2) Enterprise Ireland

Enterprise Ireland is a government organisation that provides investment support and opportunities for founders looking to build their businesses in Ireland.

Details of the VC firm:

• Country: Ireland, Germany, Hungary, Denmark, France, Netherlands, Italy, Sweden, Spain, Czechia, United Kingdom, Belgium, Poland, Brazil, USA, Canada, United Arab Emirates, Australia, China, Japan, Singapore, Vietnam, India, South Korea, Saudi Arabia, Nigeria, South Africa, Kenya
• City: Dublin, Düsseldorf, Budapest, Paris, Amsterdam, Milan, Stockholm, Madrid, Prague, London, Brussels, Warsaw, São Paulo, Austin, Toronto, New York, Dubai, Sydney, Hong Kong, Tokyo, Singapore, Ho Chi Minh City, Beijing, Mumbai, Seoul, Riyadh, Lagos, Johannesburg, Nairobi, Shannon, København
• Started in: 1998
• Industries: Life Sciences, Industrial
• Stages: Pre-Seed, Seed, Series A, Series B, Series C
• Maximum check size: €50,000
• Number of investments: 686
• Number of exits: 78
• Funds raised: €216,100,000
• 3 remarkable investments: Profitero, Immersive VR Education, Invinity Energy Systems PLC

You can find their website here.

You can send them an email at equitydept@enterprise-ireland.com.

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3) MSA Capital

Headquartered in Beijing, MSA backs Chinese tech entrepreneurs.

Details of the VC firm:

• Country: China, Singapore, Saudi Arabia, United Arab Emirates, Bahrain
• City: Beijing, Shanghai, Singapore, Riyadh, Abu Dhabi, Manama
• Started in: 2014
• Founders: Jenny Zeng
• Industries: Health & Wellness, Consumer, Enterprise
• Stages: Seed, Early Stage, Late Stage
• Number of investments: 76
• Number of exits: 13
• Funds raised: $837,000,000
• 3 remarkable investments: Uber, Nio, Meituan

You can find their website here.

You can send them an email at info@msacap.com.

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4) Shorooq Partners

Based in Abu Dhabi, Shorooq Partners is an early-stage venture capital backing founders in the Middle East, North Africa and Pakistan.

Details of the VC firm:

• Country: Saudi Arabia, United Arab Emirates, Bahrain
• City: Abu Dhabi, Riyadh, Manama
• Started in: 2016
• Founders: Mahmoud Adi
• Industries: Healthcare, InsurTech, Marketplace, Big Data & Analytics, Supply Chain & Logistics, Fintech, Future of Work, AI & ML
• Stages: Early Stage, Pre-Seed, Seed, Series A
• Number of investments: 72
• Number of exits: 10
• Funds raised: $200,000,000
• 3 remarkable investments: Tamara, ZenLedger, Colabs

You can find their website here.

You can send them an email at hello@shorooq.com.

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5) Bonsai Venture Capital

Bonsai Venture Capital has been investing in early-stage companies since 1999.

Details of the VC firm:

• Country: Turkey, Belgium, Spain, Saudi Arabia, Colombia
• City: Riyadh, Brussels, Madrid, Istanbul, Bogotá, Medellín
• Started in: 2006
• Founders: Alfonso De León
• Industries: Gaming, Fintech, Healthcare, Cybersecurity, Travel & Hospitality
• Stages: Early Stage, Growth
• Minimum check size: €250,000
• Maximum check size: €2,500,000
• Number of investments: 63
• Number of exits: 38
• Funds raised: €3,500,000
• 3 remarkable investments: Frenetic, Signaturit, Miss Tipsi

You can find their website here.

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6) Raed Ventures

Located in Saudi Arabia, Raed Ventures invest in tech companies in the MENA region.

Details of the VC firm:

• Country: Saudi Arabia
• City: Riyadh
• Started in: 2015
• Founders: Saed Nashef, Omar Almajdouie
• Industries: Fintech, E-Commerce, Supply Chain & Logistics, Education, Healthcare, Enterprise, Consumer, AI & ML, SaaS, Marketplace, InsurTech, Automative, Entertainment
• Stages: Early Stage, Seed
• Number of investments: 55
• Number of exits: 4
• Funds raised: $12,600,000
• 3 remarkable investments: Sylndr, Opontia, Sary

You can find their website here.

You can send them an email at info@raed.vc.

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7) Impact46

Impact 46 is an investment firm funding Saudi Arabian opportunities.

Details of the VC firm:

• Country: Saudi Arabia
• City: Riyadh
• Started in: 2019
• Founders: Abdulaziz Alomran
• Industries: Supply Chain & Logistics, Fintech, Marketplace, Healthcare, DTC
• Stages: Seed, Series A
• Minimum check size: SR500,000
• Maximum check size: SR7,000,000
• Number of investments: 40
• Number of exits: 4
• Funds raised: SR24,000,000
• 3 remarkable investments: Homzmart, DAWUL, Shuttle

You can find their website here.

You can send them an email at info@impact46.sa.

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8) Hala Ventures

HALA Ventures, based in Saudia Arabia, is one of the most active MENA venture capital funding early and growth-stage tech companies.

Details of the VC firm:

• Country: Saudi Arabia
• City: Al Khobar
• Started in: 2018
• Founders: Hussain Almarhoon
• Industries: InsurTech, Marketplace, Fintech, Food & Beverage, API, Education, Media, Productivity
• Stages: Late Stage
• Number of investments: 31
• Number of exits: 2
• Funds raised: $24,000,000
• 3 remarkable investments: El-Dokkan, Krave Mart, CreditFins

You can find their website here.

You can send them an email at Info@halavc.com.

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9) TAQNIA

Riyadh Taqnia Fund is a VC fund for global tech startups providing seed to series B investments.

Details of the VC firm:

• Country: Saudi Arabia
• City: Riyadh
• Started in: 2016
• Founders: Hani Enaya
• Industries: E-Commerce, Consumer, Fintech, Supply Chain & Logistics
• Stages: Seed, Series A, Series B
• Number of investments: 21
• Number of exits: 2
• Funds raised: $5,600,000
• 3 remarkable investments: Haseel, Beehive, Foodics

You can find their website here.

You can send them an email at rtfund@riyadcapital.com.

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10) DAAL Ventures

Daal Ventures is a Saudi Arabic venture capital firm investing in Middle-Eastern tech entrepreneurs.

Details of the VC firm:

• Country: Saudi Arabia
• City: Al Khobar
• Started in: 2018
• Founders: Abdulrahman Alqahtani
• Industries: Marketplace, Fintech, SaaS, AI & ML, DTC, Big Data & Analytics, IoT
• Stages: Early Stage
• Number of investments: 16
• Number of exits: 3
• 3 remarkable investments: Datlo, Wuilt, Eventtus

You can find their website here.

You can send them an email at Info@daal.io.

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