The Evolution of the KSA Startup Ecosystem | A Wa'ed Ventures Report
"For the first time, we're seeing an active movement to close the gaps that have always separated us from the global digital scene."
The Vision 2030 is based on three pillars that would transform the Kingdom economically and socially: an ambitious nation, a thriving economy, and a vibrant society.
As part of Vision 2030, the Saudi government has set a target of achieving 70% cashless payments by 2030.
Saudi Arabia is a large emerging market consisting of a young, tech-hungry consumer base with great infrastructure in place to satiate that appetite.
Save The Date: Here Are The Key Entrepreneurship Conferences In Saudi Arabia That You Need To Keep An Eye Out For
If you are a startup founder or an aspiring investor in Saudi Arabia, attending entrepreneurship conferences is a great way to stay up-to-date with the latest trends and opportunities in the Kingdom's business landscape, and to network with other entrepreneurs, investors, and experts.
As the market matures, investors need to be careful to allocate larger portions of their funds to invest in subsequent rounds with their startups, or to raise additional funds to write bigger checks.
In this article, we have listed some of the most notable and active angel investor groups in Saudi Arabia, in no particular order.
To provide an overview of some of the most important stakeholders in Saudi Arabia's startup ecosystem, here's a non-exhaustive list of 11 organizations and institutions.
"I've noticed that many women hesitate, and want to 'be better prepared' before they start anything. Today, my biggest piece of advice is to just start."
Since its inception in 2015, Raed has quickly established itself as a leading player in the MENA startup ecosystem, and it has invested in 39 portfolio companies.
Wa'ed Ventures is a US$500 million venture fund investing in the next generation of transformative startups which are taking advantage of disruptive technologies.
Impact46's Basmah Alsinaidi On How The Saudi Arabian Entity Is Working To Launch World-Class Unicorns From The Kingdom
"We are backing the Asanas, Stripes, and PayPals of the Saudi market."
STV Founder And CEO Abdulrahman Tarabzouni Aims To Help Create The Next Digital Giants Of The Middle East
With over US$800 million in capital, STV backs and scales the region's most exciting and disruptive technology companies, primarily focused on growth-stage technology.
Saudi Venture Capital Company's Nabeel Koshak On Creating a Healthy Investor Ecosystem in Saudi Arabia
Saudi Venture Capital Company is a government-backed investment company with US$1.5 billion in assets under management, aiming to stimulate and sustain financing for startups and SMEs from pre-seed to pre-initial public offering.
Tracking Jahez's Five-Year Journey To Become A Unicorn In Saudi Arabia's Hypergrowth Consumer-Tech Market
Jahez achieved this stellar exit within five years of establishing itself, while delivering a cumulative 100 million meals to Saudi customers through 19,900 merchants and 52,400 delivery partners.