Saudi Arabia's startup scene is quickly becoming a focal point for founders. Firms like Wa’ed Ventures, with over 90 investments, and Saudi Aramco Energy Ventures, with more than 15 exits, are helping to build this momentum.
They are joined by a growing number of other active funds, each with its own focus and approach. For founders looking for the right partner, it helps to know who the main players are.
Below is our list of the best 8 VC firms in Saudi Arabia.
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Buy It For $97 $297 →STV invests in high-growth technology companies across the MENA region, supporting them from the seed stage through later rounds. Anchored by STC, MENA's largest telecom operator, they give portfolio companies direct access to the operator's network, channels, and customer base to accelerate growth.
| Headquarters | Riyadh, Ar Riyad, Saudi Arabia |
| Year Founded | 2018 |
| Founders | Abdulrahman Tarabzouni |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 60 (32 as Lead Investor) |
| Nº of Exits | 4 |
Aramco Ventures invests globally in startups and high-growth companies whose technologies hold strategic importance for its parent company, the energy giant Aramco. They support businesses from seed to late stage to accelerate the development and deployment of new tech in areas like sustainability and digital transformation.
| Headquarters | Dhahran, Ash Sharqiyah, Saudi Arabia |
| Year Founded | 2012 |
| Founders | — |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 34 (14 as Lead Investor) |
| Nº of Exits | — |
Khwarizmi Ventures provides early-stage funding to startups building technology powered by a passion for algorithms. They partner with founders to help realize their vision, focusing on ventures that aim to improve quality of life.
| Headquarters | Riyadh, Ar Riyad, Saudi Arabia |
| Year Founded | 2018 |
| Founders | Yasser Al Kadi |
| Investment Stage | Early Stage |
| Nº of Investments | 52 (13 as Lead Investor) |
| Nº of Exits | 3 |
With a $500 million fund, Wa’ed Ventures is dedicated to accelerating Saudi Arabia's startup ecosystem. The firm invests in local tech companies and also incentivizes global entrepreneurs to bring their innovations to the Kingdom.
| Headquarters | Dhahran, Ash Sharqiyah, Saudi Arabia |
| Year Founded | 2013 |
| Founders | — |
| Investment Stage | Convertible Note, Early Stage, Seed |
| Nº of Investments | 92 (55 as Lead Investor) |
| Nº of Exits | 4 (1 IPO'd) |
Functioning as an asset manager and advisor, Impact46 provides access to alternative investments by funding startups from seed to late stage. Their portfolio highlights a focus on sectors like fintech and logistics, featuring companies such as Homzmart, DAWUL, and Shuttle.
| Headquarters | Riyadh, Ar Riyad, Saudi Arabia |
| Year Founded | 2019 |
| Founders | Abdulaziz Alomran |
| Total Funding | SR24M |
| Average Check Size | SR7M |
| Industries | Supply Chain & Logistics, Fintech, Marketplace, Healthcare, DTC |
| Investment Stage | Early Stage, Late Stage, Seed, Series A |
| Nº of Investments | 67 (35 as Lead Investor) |
| Nº of Exits | 4 (2 IPO'd) |
| Top Portfolio Startups | Homzmart, DAWUL, Shuttle |
| Contact | info@impact46.sa / 011-2381660 |
Prosperity7 Ventures invests in early to growth-stage technology companies across sectors like enterprise tech, blockchain, and MedTech. As the diversified growth fund of Aramco Ventures, they provide long-term capital and support for startups seeking international expansion and impact.
| Headquarters | Dhahran, Ash Sharqiyah, Saudi Arabia |
| Year Founded | 2019 |
| Founders | — |
| Investment Stage | Early Stage |
| Nº of Investments | 74 (39 as Lead Investor) |
| Nº of Exits | 2 |
As the corporate venture capital arm of Aramco, Saudi Aramco Energy Ventures invests globally in startups with technologies of strategic importance to the energy giant. The firm supports companies from early to late stages across sectors like sustainability and digitalization, accelerating their development for deployment within Aramco’s operations.
| Headquarters | Dhahran, Ash Sharqiyah, Saudi Arabia |
| Year Founded | 2012 |
| Founders | Mohd Fairuz Razi bin Sharuddin |
| Investment Stage | Early Stage, Late Stage |
| Nº of Investments | 79 (37 as Lead Investor) |
| Nº of Exits | 16 (3 IPO'd) |
| Contact | hello@saev.com |
Born from a strategic partnership between Osool & Bakheet Investment Company and iMENA Group, Rua Growth Fund backs tech ventures across Saudi Arabia. They support companies from early to late stages, aiming to cultivate the next generation of technology leaders in the region.
| Headquarters | Riyadh, Ar Riyad, Saudi Arabia |
| Year Founded | 2020 |
| Founders | Anas Elayyan, Khaldoon Tabaza, Turk Aljoaib |
| Investment Stage | Early Stage, Late Stage |
| Nº of Investments | 13 (3 as Lead Investor) |
| Nº of Exits | — |
| Contact | +966-11 419-1797 |