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Riyadh's startup scene is defined by large investments across several key sectors. Companies in real estate and fintech are attracting billions in funding.
For example, the payments platform Tamara has raised $2.4B, while the new airline Riyadh Air launched with SAR5B in financing.
Below is our list of 33 Ar Riyad startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Red Sea Global builds regenerative tourism destinations that set new standards for sustainable development and luxury travel. The developer is behind two of Saudi Arabia's most ambitious projects, The Red Sea and AMAALA, which focus on protecting and enhancing the natural environment.
Diriyah Company develops and manages the transformation of the historic city of Diriyah into a global cultural and lifestyle destination. Their work encompasses the full project lifecycle, including master planning, construction, residential sales, and asset management.
Foodics builds a restaurant management system that gives owners control over sales, transactions, inventory, and employee scheduling. Their software serves as an all-in-one platform for the food and beverage industry, complete with tools for managing customer relationships.
Riyadh Air is building a new national airline for Saudi Arabia, connecting its capital city with over 100 global destinations. They are creating a digitally-native carrier that uses technology to redefine the passenger experience from booking to landing.
Lean Technologies develops a single API that serves as a universal bridge to financial services in the Middle East. Their tools allow developers to build applications that can access financial data and process bank payments with user consent.
Erad built a platform to provide small and medium-sized businesses with access to working capital. They specialize in non-dilutive financing, allowing companies to fund their operations and growth without giving up equity.
Tamara built a shopping and payments platform that allows customers to pay for their purchases in installments. Their buy now, pay later service integrates with both online and in-store retailers, offering shoppers more flexible payment options.
D360 bank launched one of Saudi Arabia's first digital banks, offering Sharia-compliant financial services through a mobile app. Their platform allows users to manage everyday banking needs, from opening an account to setting savings goals, entirely from their phones.
Ninja built a quick commerce app for delivering groceries and other daily essentials in minutes. Their platform specializes in hyper-fast fulfillment, using a network of local dark stores to get products to a customer's doorstep.
They offer a comprehensive payment gateway that simplifies how businesses accept online and mobile payments. Businesses rely on their platform for its robust fraud protection and its flexibility in handling various local and international payment methods.
Our top 10 picks are just a small slice of what’s happening across Ar Riyad. Founders are building new companies in many areas, with fintech being especially busy.
Together, they have raised billions of dollars, from early seed rounds to major debt financing. Here’s a look at the other startups shaping the city's scene.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Analytics | 2017 | $10M | Series A | |
| Travel | 2017 | $85M | Series B | |
| Fintech | 2020 | $16M | Venture Round | |
| Mobility | 2022 | $2.2B | Debt Financing | |
| Fintech | 2016 | $164.1M | Series B | |
| Fintech | 2018 | $8M | Seed | |
| Logistics | 2020 | $9.9M | Convertible Note | |
| Logistics | 2016 | $335.4M | Debt Financing | |
| Fintech | 2019 | $775.2M | Debt Financing | |
| Marketplace | 2021 | $22M | Series A | |
| Fintech | 2022 | $1.9M | Pre-Seed | |
| Fintech | 2017 | $2B | Debt Financing | |
| Analytics | 2024 | $1.7M | Seed | |
| Crypto | 2022 | $2.4M | Seed | |
| AI | 2019 | $1.9B | Series E | |
| SaaS | 2022 | $2.5M | Seed | |
| Real Estate | 2020 | SAR11B | Debt Financing | |
| Cloud | 2006 | $146M | Series B | |
| Fintech | 2023 | SAR11M | Seed | |
| Analytics | 2016 | $5M | Seed | |
| Fintech | 2024 | $4M | Seed | |
| AI | 2023 | $1.2M | Pre-Seed | |
| Fintech | 2018 | $6.9M | Series A |
