12 Best VC Firms Based In Saudi Arabia [2022]

12 Best VC Firms Based In Saudi Arabia [2022]

Are you looking for a VC firm for your Saudi Arabia-based startup?

Saudi Arabia is a future-forward economy offering untapped potential and unique business opportunities.

According to the Global SMEs report, Saudi Arabia is one of the fastest-growing countries worldwide. In addition, the kingdom is among the top foreign investment destinations and among the top 20 globally.

Overall, Saudi Arabia is more than ready to meet your investment needs through its progressive regulatory and generous financial incentives.

There are a number of successful venture capital firms in Saudi Arabia and we've curated a list of the best local firms in the area. Additionally, we provide you with:

  • Investment size
  • Funding stages
  • Typical industries the firm works with
  • Well known companies the VC firm has invested in

Here's the list:

1. Impact46

  • Location: Riyadh, Saudi Arabia
  • Industries: Sector Agnostic
  • Investment Range: $500K to $7Million
  • Stage: seed and growth stages
  • Companies invested in: Bondai, Raseed, Shuttle, Playhera, Merit, Trukking, Homzmart, Nejree.

Impact46 invests in seed and growth stages. The VC firm's typical investment size is $500K to $7Million. Impact46 provides unique innovative investment products and services to local and international institutions.

Coming from an entrepreneurial background, the firm understands the needs of startup founders, and provides an experienced team together with a highly valuable network to the startups as part of their investment decision-making process.

Learn more about Impact46 ➜

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2. Hala Ventures

  • Location: Khobar, Saudi Arabia
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Pre-Seed, Seed, Series A, Series B
  • Companies invested in: Buseet, Democrance, Bondai, Sarwa, Magnitt, Enhance, POSRocket.

Hala Ventures invests in technology-based companies that have achieved sustainable revenue and empowers them with investment and consultancy to reach their highest potential.

The VC firm targets early to growth-stage companies, enhancing their economic infrastructure. Hala seeks to capitalize on the future by investing in brilliant entrepreneurs.

Learn more about Hala Ventures ➜

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3. Saudi Venture Capital Company

  • Location: Riyadh, Saudi Arabia
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Pre-Seed and Late Stage
  • Companies invested in: Outliers, Rua Growth Fund, VSQ, Hambro Perks.

Saudi Venture Capital Company is a Government VC firm established as part of the Financial Sector Development Program. The firm seeks to stimulate venture investments by investing in funds as well as by so-investing with the angel groups.

SVC seeks to stimulate the development of the venture investment ecosystem by investing in funds and co-investing with angel investor groups in high-growth startups and SMEs with growth potential.

Learn more about Saudi Venture Capital Company ➜

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4. DAAL Ventures

  • Location: Al Khobar, Saudi Arabia
  • Industries: AI, Marketplace, Fintech, SaaS, IoT, Bigdata, Products.
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Paym.es, Palm.hr, Promo Republic, Eventtus, Nexford University, Ordera, Fonibo, Loship.

DAAL Ventures seeks to create excellent investment opportunities by providing technology startups mentorship and business development insights. The VC firm provides an excellent team to guide and nurture portfolio companies into achieving business growth.

As a VC fund, DAAL offers its portfolio companies an opportunity to meet world-class investors.

Learn more about DAAL Ventures ➜

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5. Swicorp

  • Location: Riyadh, Saudi Arabia, Dubai, Geneva, Switzerland, Tunis, North Africa
  • Industries: Education, consumer, renewable energy, and infrastructure sectors
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Amlak International, BRC Industrial Limited, Initial, Acciona, Fetchr, Samumed.

Swicorp is a private equity fund targeting new economy, education, consumer, renewable energy, and infrastructure sectors. The VC firm is headquartered in Riyadh, Saudi Arabia and provides a wide range of corporations and investors with independent advice and assistance on key strategic and financial issues.

Learn more about Swicorp ➜

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6. CURA

  • Location: Al Wahah, Saudi Arabia
  • Industries: E-Commerce
  • Investment Range: Not Disclosed
  • Stage: Early Stage

CURA invests in E-Commerce companies deploying innovative approaches. The VC firm seeks to create a unique experience by enabling companies to build technologies that lead to a customer-focused retail revolution.

CURA seeks to build and scale portfolio companies by providing the ability to build an enabling environment.

Learn more about CURA ➜

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7. Cornerstone Ventures

  • Location: Jeddah, Saudi Arabia
  • Industries: Automotive, Food and beverage, Healthcare and Service industry
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Flavor, Dome, Project Cruise, Project Ray

Cornerstone Ventures invests in small and medium enterprises, providing both strategic consulting services and potential funding. The VC firm targets investments in the automotive, food and beverage, healthcare, and service industry.

They collaborate with business owners and managers and identify quick wins. Cornerstone Ventures builds a long-term perspective allowing them to focus on nurturing the fundamentals of building sustainable value creator companies.

Learn more about Cornerstone Ventures ➜

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8. Raed Ventures

  • Location: Saudi Arabia, Egypt, UAE, Jordan, Bahrain, USA and Pakistan.
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Tweeq, Simplifi, Rabbit, Taager, Opontia, Lean, ZiroAI, Tabby, Sary.

Raed invests in founders who seek to create impact. The VC firm helps startups build and execute their visions through collaborations. Raed targets startups within Fintech, E-Commerce, Logistics, EdTech, Digital Health, Retail Tech, and other sectors.

Learn more about Raed Ventures ➜

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9. Vision Ventures

  • Location: San Francisco, Riyadh, Saudi Arabia, Dubai and Amsterdam.
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Seed and Series A.
  • Companies invested in: Sibly, Malaeb, BayZat, Caramella, SocialDice.

Vision Ventures invests in innovative startups within the cloud/mobile, Smart Transportation and Ecommerce sectors. The VC firm targets seed and Round A startups. they take an active role on the board, providing further management and operational support to the startups.

Learn more about Vision Ventures ➜

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10. TAQNIA

  • Location: Qurtubah, Saudi Arabia
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Early Stage

TAQNIA is a sector agnostic VC firm seeking to support and invest in suitable local and international companies. The VC firm targets investments in technology that contributes towards economic diversification.

Learn more about TAQNIA ➜

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11. SURE International Technology

  • Location: Riyadh, Saudi Arabia
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Hassel, Fandaqah, MajlesTech.

Sure Global provides early-stage startups services such as software development, infrastructure solutions, support, and operations. The VC firm offers access to transformation consultations and other SME-oriented products.

They target startups venturing into business solutions, FinTech, and investments.

Learn more about SURE International Technology ➜

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12. Inspire Ventures

  • Location: Riyadh, Saudi Arabia
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Early - Growth stage
  • Companies invested in: Wakecap, Gathern, Aamer, Malaeb, Naqwa.

Inspire Ventures is an early-stage VC firm targeting investments in innovation and technology. The VC firm actively engages the portfolio companies, helping them with guidance, support, and access to the investor's network.

Inspire Ventures seeks board or observer seats in the companies they invest in, and they are usually actively engaged with portfolio companies supporting and facilitating their business development.

Learn more about Inspire Ventures ➜

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