April 05, 2023
The Evolution of Saudi Arabia's Startup and Venture Capital Ecosystem
In 2022, Saudi startups achieved an impressive milestone by collectively raising over $1 billion in funding. This remarkable growth becomes evident when you consider that just five years ago, Saudi-born startups only secured slightly over $50 million in a year. What's even more astonishing is the speed of Saudi Arabia's tech ecosystem expansion when compared to its regional counterpart, the United Arab Emirates, which reached the $1 billion mark only a year prior.
The Evolution of Saudi Arabia Startup Ecosystem 2010-2022
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