Latest news with #MAGNiTT
Asharq Al-Awsat
3 days ago
- Business
- Asharq Al-Awsat
Saudi Arabia Leads Middle East Venture Capital Investments
The "H1 2025 MENA Venture Investment Report" revealed that Saudi Arabia maintained its first rank across MENA in terms of Venture Capital (VC) funding in H1 2025, witnessing a total VC deployment of $860 Million (SAR 3.2 billion), surpassing the total VC funding of 2024 (full year). This achievement reflects the development the Kingdom is witnessing in various economic and financial sectors in light of the Saudi Vision 2030 and its goals to strengthen the national economy. According to the report published by the venture data platform MAGNiTT, the Kingdom captured the highest share of total VC funding in the MENA region in H1 2025, accounting for 56% of the total capital deployed in the region. The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025. This confirms the attractiveness of the Saudi market, enhances its competitive environment, and consolidates the strength of the Kingdom's economy as the largest economy in MENA. Dr. Nabeel Koshak, CEO and Board Member at SVC, commented: 'The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs.' 'We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030.' SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund (NDF). SVC aims to stimulate and sustain financing for Startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.
CairoScene
3 days ago
- Business
- CairoScene
Saudi Arabia Captures 56% of MENA Venture Capital in H1 2025
Backed by Vision 2030 and strong government support, Saudi Arabia attracted more than half of all MENA VC funding in H1 2025, positioning itself as the region's top innovation hub. Jul 16, 2025 Saudi Arabia accounted for 56% of all venture capital deployed in the MENA region during the first half of 2025, securing $860 million across 114 deals, according to MAGNiTT's latest MENA Venture Investment Report. The total exceeds the Kingdom's entire VC funding for 2024, underlining growing investor confidence and continued support for startups under the Vision 2030 framework. This performance places Saudi Arabia at the forefront of regional investment activity, with the UAE coming second at $447 million, followed by Turkey ($226 million), Egypt ($185 million), and South Africa ($183 million). The Kingdom's rise has been fuelled by strong government-led initiatives, including support from Saudi Venture Capital Company (SVC), which continues to deploy funding through SME-focused and early-stage channels. The increase is attributed to regulatory reform, sovereign support, and a national strategy aimed at strengthening the private sector. The data also reflects a broader trend of regional diversification, with Saudi Arabia drawing attention from both local and international funds. While Singapore led emerging market VC performance globally, Saudi Arabia is now viewed as a serious contender with momentum driven by its economic transformation agenda. Further investment activity is expected to continue throughout the second half of 2025, bolstered by international events such as LEAP and continued public-private collaborations.
Arabian Post
3 days ago
- Business
- Arabian Post
Saudi VC Market Surges Past 2024 Total in Six Months
Saudi Arabia has attracted SR3.2 billion in venture capital funding for startups during the first half of 2025, overtaking the Kingdom's total VC investment for the whole of 2024. MAGNiTT data show Saudi accounted for 56 per cent of all VC inflows into the Middle East and North Africa region in that period. Investor confidence in the Kingdom is heightened by its alignment with Vision 2030 reforms and concerted government backing. The 114 venture capital deals completed in H1 represent a record for Saudi Arabia, underscoring robust market momentum. This performance marks a 116 per cent annual increase in dollars invested compared with H1 of 2024, and a 31 per cent jump in the total number of deals year‑on‑year. The Kingdom's dominance is even more pronounced considering the UAE, its closest competitor, secured only $447 million across an identical number of transactions. ADVERTISEMENT Fintech continues to lead the investment wave, with payment and lending platforms drawing substantial capital. Yet new segments such as enterprise software and edtech are emerging rapidly, supported by local VC funds and international investors chasing mid-stage opportunities. A premium MAGNiTT report highlighted that Saudi Arabia surpassed both the UAE and Singapore during the first quarter. Early- and growth-stage funding increased significantly, buoyed by local investors and sovereign capital rolling out fresh programmes and accelerators. The government's role is clearly evident. Public investment vehicles such as Saudi Venture Capital Company continue to provide foundational support. SVC's CEO, Dr Nabeel Koshak, emphasised this intervention: 'The Kingdom's leading position…comes as a result of many governmental initiatives…launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programmes. We at SVC are committed to continuing to lead the development of the ecosystem'. Sovereign-led schemes including LEAP and a series of early-stage programmes funded by the state have helped attract both domestic and overseas capital. MAGNiTT noted the interplay between public-sector drive and private-sector participation as a key factor behind the surge. Growth-stage rounds are now dominating the landscape. Local funds have broadened their spectrum, actively backing Series A and B startups. International investors are following suit, particularly in fintech and enterprise solutions tailored to market-specific needs. Comparatively, Singapore led emerging markets with $1.28 billion across 120 deals in H1, yet its funding volume fell by 37 per cent year‑on‑year and deal numbers declined 31 per cent. This contrast points to Saudi's sustained upward trajectory amid weakening growth elsewhere. Other emerging markets in the MENA and adjacent regions lagged behind: Türkiye raised $226 million, Vietnam $216 million, Egypt $185 million, among others.
Leaders
4 days ago
- Business
- Leaders
Saudi Arabia Leads MENA in VC Investment for H1 2025
Saudi Arabia retained its position as the top recipient of venture capital (VC) investment in the MENA region during the first half of 2025, according to the H1 2025 MENA Venture Investment Report by MAGNiTT. The Kingdom recorded a total VC investment of $860 million (SAR 3.2 billion), surpassing its full-year total for 2024. This milestone highlights the ongoing economic transformation driven by Saudi Vision 2030, which aims to diversify and strengthen the national economy. With 56% of the region's total VC funding in H1 2025, Saudi Arabia secured the largest share among MENA countries. The country also registered a record-breaking 114 VC deals during the same period, reinforcing its position as the region's most dynamic investment hub. These achievements underscore the Kingdom's growing appeal to investors and its progress toward building a vibrant, competitive business environment. Vision 2030 Driving Investment Growth Commenting on the report, Dr. Nabeel Koshak, CEO and Board Member at Saudi Venture Capital (SVC), credited government-led initiatives under Vision 2030 for the Kingdom's continued dominance in the regional VC landscape. He also emphasized that these efforts have been crucial in energizing the startup and VC ecosystem. 'At SVC, we remain committed to accelerating this momentum by encouraging private investors to support startups and SMEs,' said Dr. Koshak. 'This support is essential for fostering rapid, sustainable growth and achieving the broader goals of Vision 2030, including economic diversification and increased private sector participation.' Related Topics : KAUST Researchers Embark on Groundbreaking OceanQuest Expedition Around Africa Saudi Researchers Unveil Revolutionary Nanoplastic for Sustainable Street Lighting What is Research & Development? How Can You Implement It Effectively in Your Business? KAUST Accelerates Scientific Research with 67 Projects in AI, Cybersecurity, Bioinformatics Short link : Post Views: 26
Zawya
4 days ago
- Business
- Zawya
Saudi Arabia leads MENA in venture capital with $860mln in H1 2025
RIYADH — Saudi Arabia maintained its position as the top destination for venture capital investment in the Middle East and North Africa during the first half of 2025, attracting SR3.2 billion ($860 million) in funding for startups, surpassing the total VC investment recorded in all of 2024. The figures, released by MAGNiTT, a platform specializing in startup investment data, highlight the Kingdom's robust and evolving economic environment under the Vision 2030 framework. According to the report, Saudi Arabia accounted for 56% of all venture capital investment in the MENA region during H1 2025. The Kingdom also achieved a record number of deals, with 114 venture capital transactions completed during the same period, a strong indicator of investor confidence and the attractiveness of the Saudi market. This milestone reinforces Saudi Arabia's status as the region's largest economy and underscores the growing competitiveness of its startup ecosystem. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
