What Are the Latest Trends in Saudi’s Startup Ecosystem?

By Erika Masako Welch, 03 March 2023
What Are the Latest Trends in Saudi’s Startup Ecosystem?

We spoke to key stakeholders in the Kingdom, from venture capitalists, start-up founders, accelerators, incubators and angel investors, with one particular question: “What future trends can we expect out of the Saudi start-up ecosystem?” Here is what we heard:

 

1. More Saudi Startups are reaching the later growth stages, looking for Series B funding. 

Many VCs are looking to fund growth stage funds to support their existing portfolio of startups, and meet this growing demand in the Kingdom. At present, some fast-paced Saudi startups in later growth stages are going to international

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