Saudi Arabia's Investments in Capital

Saudi Arabia saw a record number of startup investments and total funding in 2019

2019 saw 71 startup investments take place in Saudi Arabia, amounting to $67M in total funding, according to MAGNiTT’s 2019 Saudi Arabia Venture Capital Snapshot. The report, which is sponsored by Saudi Venture Capital Company (SVC), provides an in-depth analysis of startups and venture capital (VC) investment in one of the region’s fastest growing ecosystems: Saudi Arabia.

Philip Bahoshy, MAGNiTT’s founder & CEO, notes, “With the government clearly identifying innovation and entrepreneurship as one of their key focuses in line with Vision 2030, many new initiatives have been launched in 2018 and 2019. Usually, these initiatives take time to come to fruition, but we have already seen their impact on the ecosystem in the country and the wider MENA region.”

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