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Top 16 Startups in Saudi Arabia in 2023

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There’s no doubt that the startup scene in Saudi Arabia is unique.

The country has created dozens of successful startups, over the years.

Some of them are already worth billions of dollars.

So whether you’re looking to start your own business, or just interested in learning about fast-growing startups from Saudi Arabia, here’s an extensive list of 16 startups founded there.


16 Startups in Saudi Arabia

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2,189 Accelerators & Incubators

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1) Sary

Sary

Sary is a B2B platform that seamlessly links small businesses to suppliers.

Details of the startup:

  • State: Ar Riyad
  • City: Ar Riyadh
  • Started in: 2018
  • Founders: Khaled Alsiari, Mohammed Aldossary
  • Industries: B2B, E-Commerce, Marketplace, Wholesale
  • Number of employees: 251-500
  • Funding: $37,100,000
  • Funding rounds: 3
  • Number of investors: 9 (MSA Capital, Sahra Growth Capital, VentureSouq, Raed Ventures, rocketship.vc)

You can find their website here.

2) Tamara

Tamara

Tamara has a buy now, pay later platform that allows clients to pay over time.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2020
  • Founders: Abdulmajeed Alsukhan, Abdulmohsen Albabtain, Turki Bin Zarah
  • Industries: Financial Services, FinTech, Mobile Payments, Payments
  • Number of employees: 51-100
  • Funding: $116,000,000
  • Funding rounds: 4
  • Number of investors: 9 (Checkout.com, Vision Ventures, Impact46, Musaab Hakami, SEEDRA)

You can find their website here.

3) Red Sea Farms

Red Sea Farms

Red Sea Farms is an agriculture technology firm that enables commercial crop production utilizing mostly salt water.

Details of the startup:

  • State: Ha'il
  • City: Thuwal
  • Started in: 2018
  • Founders: Mark Tester, Ryan Lefers
  • Industries: Agriculture, AgTech, Farming
  • Number of employees: 1-10
  • Funding: $14,348,000
  • Funding rounds: 4
  • Number of investors: 5 (Saudi Aramco Entrepreneurship Ventures, Global Ventures, KAUST Innovation Fund, Future Investment Initiative Institute, RPD Innovations)

You can find their website here.

4) Gathern

Gathern

Gathern is a booking platform headquartered in Saudi Arabia.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2016
  • Founders: Eman Alsuwailem
  • Industries: Customer Service
  • Number of employees: 11-50
  • Funding: $6,000,000
  • Funding rounds: 3
  • Number of investors: 7 (500 Startups, Vision Ventures, STV, Misk 500 MENA Accelerator, Inspire Ventures)

You can find their website here.

5) unifonic

unifonic

unifonic is a customer interaction tool for emerging markets businesses that makes cloud communications more accessible.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2006
  • Founders: Ahmed Hamdan, Hassan Hamdan
  • Industries: Information Technology, Messaging, PaaS, SaaS, SMS
  • Number of employees: 101-250
  • Funding: $21,000,000
  • Funding rounds: 1
  • Number of investors: 5 (Endeavor Catalyst, Raed Ventures, STV, Riyad TAQNIA Fund (RTF), Elm)

You can find their website here.

6) Nana

Nana

Nana is an online grocery delivery service that delivers food and other household items to your doorstep.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2016
  • Founders: Abdulmajeed Alsukhan, Sami Alhelwah
  • Industries: E-Commerce, Grocery, Internet
  • Number of employees: 101-250
  • Funding: $28,959,999
  • Funding rounds: 4
  • Number of investors: 7 (Wamda Capital, Impact46, Middle East Venture Partners (MEVP), STV, Saudi Venture Capital)

You can find their website here.

7) Salla

Salla

Salla's platform makes it simple for anyone to set up an Arabic e-commerce business.

Details of the startup:

  • State: Makkah
  • City: Jeddah
  • Started in: 2016
  • Founders: Nawaf Hariri, Salman Butt
  • Industries: E-Commerce, Information Technology, Internet
  • Number of employees: 11-50
  • Funding: $8,500,000
  • Funding rounds: 2
  • Number of investors: 5 (Vision Ventures, Raed Ventures, STV, Inspire Ventures, Direct Influence)

You can find their website here.

8) Jahez

Jahez

Jahez is a food delivery platform that brings together restaurants, logistic fleets, and meal orders through the Jahez Mobile App.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2016
  • Founders: Ghassab Al-Mandil
  • Industries: Food Delivery
  • Number of employees: 11-50
  • Funding: $36,500,000
  • Funding rounds: 2
  • Number of investors: 1 (Impact46)

You can find their website here.

9) PayTabs

PayTabs

Since 2014, the world's most straightforward and reliable payments have been available. PayTabs is a global B2B online payments solution provider that has won numerous awards.

Details of the startup:

  • State: Ash Sharqiyah
  • City: Al Khobar
  • Started in: 2014
  • Founders: Abdulaziz Fahad Al Jouf
  • Industries: E-Commerce, Financial Services, FinTech, Mobile Payments, Payments
  • Number of employees: 51-100
  • Funding: $25,333,333
  • Funding rounds: 2
  • Number of investors: 2 (Saudi Aramco Entrepreneurship Ventures, Saudi Aramco)

You can find their website here.

10) Zid زد

Zid زد

Zid is an e-commerce in a box solution that can be used by any store to get started with eRetail.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2017
  • Founders: Mazen AlDarrab, Sultan AlAsmi
  • Industries: E-Commerce, Internet, Retail
  • Number of employees: 101-250
  • Funding: $8,933,207
  • Funding rounds: 2
  • Number of investors: 6 (Entrée Capital, MSA Capital, Arzan Venture Capital, Global Ventures, Agility Ventures)

You can find their website here.

11) Nearpay

Nearpay

Nearpay is a FinTech firm that specializes in payment acceptance.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2020
  • Industries: FinTech, Mobile Payments, Software
  • Number of employees: 1-10
  • Funding: $2,700,000
  • Funding rounds: 2
  • Number of investors: 1 (Musaab Hakami)

You can find their website here.

12) Fordeal

Fordeal

Fordeal is a cross-border purchasing marketplace for lifestyle products.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2017
  • Founders: Jian Yu
  • Industries: E-Commerce
  • Number of employees: 51-100
  • Funding: $20,000,000
  • Funding rounds: 2
  • Number of investors: 2 (MSA Capital, Hillhouse Capital Group)

You can find their website here.

13) Lendo

Lendo

Lendo is a fintech startup that provides a peer-to-peer lending platform with an emphasis on debt financing for small businesses.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2019
  • Founders: Mohammed Jawabri, Osama AlRaee
  • Industries: Finance, Financial Services, FinTech
  • Number of employees: 11-50
  • Funding: $7,200,000
  • Funding rounds: 2
  • Number of investors: 5 (500 Startups, Shorooq Partners, Impact46, SEEDRA, Derayah Venture Capital)

You can find their website here.

14) ACWA Power

ACWA Power

ACWA Power is a power generation and renewable energy developer, investor, co-owner, and operator.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2004
  • Industries: Renewable Energy
  • Number of employees: 1001-5000
  • Funding: $239,000,000
  • Funding rounds: 4
  • Number of investors: 8 (European Bank for Reconstruction and Development, Saudi Arabia's Public Investment Fund, African Development Bank, Arab Bank, Silk Road Fund)

You can find their website here.

15) Lean Technologies

Lean Technologies

Lean creates developer-friendly APIs that provide Fintechs access to customer financial data and the ability to initiate payments.

Details of the startup:

  • State: Ar Riyad
  • City: Riyadh
  • Started in: 2019
  • Founders: Aditya Sarkar, Ashu Gupta, Hisham Al-Falih
  • Industries: Developer Platform, Finance, Financial Services, FinTech, Information Technology, Mobile Apps, Software
  • Number of employees: 1-10
  • Funding: $3,500,000
  • Funding rounds: 2
  • Number of investors: 6 (500 Startups, Global Founders Capital, Shorooq Partners, Raed Ventures, Outliers Venture Capital)

You can find their website here.

16) FalconViz

FalconViz

Falconviz uses UAVs and accompanying technology to provide end-to-end asset digitization and process digitalization services.

Details of the startup:

  • State: Ha'il
  • City: Thuwal
  • Started in: 2014
  • Founders: Anas Dahlawi, Luca Passone, Mohamed Shalaby, Neil Smith
  • Industries: Architecture, Drones
  • Number of employees: 11-50
  • Funding: $1,769,337
  • Funding rounds: 5
  • Number of investors: 2 (Saudi Aramco Entrepreneurship Ventures, KAUST Innovation Fund)

You can find their website here.

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