Top 15 Venture Capital Firms in Saudi Arabia

If you plan to carve out a slice of venture capital in Saudi Arabia the timing couldn’t be better.

Empowered by Saudi Vision 2030, Saudi Arabia captured over 42% of investment in the MENA region in 2023. With a robust portfolio of over 1.6K startups backed by 140+ programs and a network of VC funds, it has all the potential to eclipse Western markets—especially amidst the current doom and gloom in the global market. 

We’ve prepared a tailored list of top VC funds in KSA with their investment focus, track records, financial details, and contacts to help you choose the right investor, reach out to them, and fundraise successfully.

Saudi Aramco Energy Ventures
79 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +18
Stage:
  • Seed
  • Series A
  • +4
Nama Ventures
46 investments
Focus:
  • Transportation & Mobility
  • Pharma
  • +8
Stage:
  • Pre-Seed
  • Seed
  • +2
Check:
  • $100K-$500K
  • $500K-$1M
Raed Ventures
74 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +33
Stage:
  • Pre-Seed
  • Seed
  • +4
Check:
  • $3M-$10M
  • $10M-$50M
Saudi Venture Capital Company
30 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +25
Stage:
  • Pre-Seed
  • Seed
  • +4
Check:
  • $1M-$3M
  • $3M-$10M
  • +2
Wa’ed Ventures
79 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +27
Stage:
  • Seed
  • Series A
  • +2
Check:
  • $1M-$3M
  • $3M-$10M
  • +2
Khwarizmi Ventures
47 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +32
Stage:
  • Pre-Seed
  • Seed
  • +3
Check:
  • $1M-$3M
  • $10M-$50M
Impact46
55 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +32
Stage:
  • Seed
  • Series A
  • +4
Check:
  • $1M-$3M
  • $3M-$10M
  • +2
STV (Saudi Technology Ventures)
53 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +25
Stage:
  • Pre-Seed
  • Seed
  • +4
Check:
  • $1M-$3M
  • $3M-$10M
  • +2
DAAL
19 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +30
Stage:
  • Pre-Seed
  • Seed
  • +2
Check:
  • $500K-$1M
  • $0-$100K
  • +2
SRMG Ventures
4 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +24
Stage:
  • Post-IPO Equity
  • Series B
  • +1
Check:
  • $3M-$10M
  • $10M-$50M
HALA Ventures
39 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +33
Stage:
  • Pre-Seed
  • Seed
  • +2
Check:
  • $1M-$3M
  • $500K-$1M
  • +2
Riyad TAQNIA Fund (RTF)
21 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +24
Stage:
  • Seed
  • Series A
  • +1
Check:
  • $1M-$3M
  • $3M-$10M
  • +2
SEEDRA Ventures
37 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +25
Stage:
  • Pre-Seed
  • Seed
  • +2
Check:
  • $1M-$3M
  • $3M-$10M
  • +1
Sukna Ventures
45 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +25
Stage:
  • Pre-Seed
  • Seed
  • +3
Check:
  • $1M-$3M
  • $3M-$10M
  • +2
Vision Ventures
96 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +24
Stage:
  • Seed
  • Series A
  • +2
Check:
  • $1M-$3M
  • $3M-$10M
  • +3

Wrapping up

The current Saudi Arabian investment ecosystem is a booming VC sandbox with high tech, soaring IPOs, and a strong drive to lead in the tech and service economy. To leverage the momentum and secure venture capital in Saudi Arabia, you need to know the rules and have the tools. We can help you with both—explore our pitch deck and financial model services for must-know tips and insights. Or just reach out to our expert team if you don’t want to sweat it.

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Ruslana

Content Writer

Hi, I’m Ruslana—Waveup’s senior content writer with six years of professional writing under my belt and two years laser-focused on venture funding, pitch decks, and startup strategy. I pair content writing with ongoing training in SEO, market research, and investment analysis to turn complex business data into clear, founder-friendly guides.