Saudi venture capital funding doubles in H1 2025
Kingdom sees record-breaking 116% surge in startup investments, with fintech and e-commerce leading sectors
RIYADH, Saudi Arabia (MNTV) — Saudi Arabia’s venture capital (VC) funding surged to SAR 3.2 billion ($860 million) in the first half of 2025, a 116% increase compared to the same period last year, according to a new report by MAGNiTT commissioned by Saudi Venture Capital Company (SVC).
The number of VC transactions also rose sharply, reaching 114 deals — a 31% increase from the first half of 2024.
This represents 37% of all VC deals recorded in the Middle East and North Africa (MENA) region during the period, the highest share ever captured by the Kingdom.
The report attributes the growth to Saudi Arabia’s pro-investment regulatory reforms and its ongoing push to support entrepreneurship under the Vision 2030 economic transformation plan.
In terms of funding value, the e-commerce sector led with $306 million raised, accounting for 36% of the total.
However, by volume of deals, fintech took the top position with 30 transactions, or 26% of the national total.
Nabeel Koshak, CEO and Board Member at SVC, said the record-breaking performance reflects the sustained development of Saudi Arabia’s VC ecosystem and the government’s strong backing of the startup landscape.
“This growth directly results from the country’s commitment to realizing Vision 2030, which emphasizes fostering entrepreneurship and stimulating investment in start-ups across all stages,” Koshak noted.
Saudi Arabia’s continued rise in VC activity positions it as a leading hub for innovation and private capital in the MENA region.
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