Top 4 Venture Capital Firms in Riyadh (2026)

Riyadh's startup scene is growing quickly, and a new generation of venture capital firms is helping to fuel that growth. These investors are backing local founders with the capital and support needed to build successful companies.

Firms like Impact46 have already made over 65 investments, and STV has backed 60 companies since its start in 2018. These are just a couple of the active funds helping to shape the city's tech future.

Below is our list of the best 4 VC firms in Riyadh.

Failory's Top 4 Picks

1. STV

STV backs technology startups across all funding stages, from seed to late-stage rounds. Anchored by STC, the largest telecom operator in the MENA region, they provide portfolio companies with direct access to the operator's network and customer base to scale.

2. Khwarizmi Ventures

Khwarizmi Ventures funds early-stage startups that are built around a core algorithmic technology. The firm partners with founders on their journey to create products that improve the quality of life.

3. Impact46

Impact46 acts as an asset manager and advisor, providing alternative investment opportunities for startups from seed to late stage. The firm backs companies in sectors like fintech and logistics, with a portfolio that includes Homzmart and DAWUL.

4. Rua Growth Fund

Rua Growth Fund invests in Saudi Arabian technology companies, supporting them from early stages through later growth rounds. Born from a partnership between Osool & Bakheet Investment Company and iMENA Group, the fund provides both financial backing and operational guidance to its portfolio.