In 2021, the Kingdom of Saudi Arabia ranked 7th globally for the fastest mobile internet speed, giving way to even higher smartphone penetration rates.
Perhaps this speaks to Saudi’s love of social media.
79% of the Saudi population are social media users and spend on average 3 hours and 16 minutes on social media platforms, signifying an online presence higher than that of leading e-commerce markets.
The Evolution of Saudi Arabia Startup Ecosystem 2010-2022
As the KSA Startup Ecosystem continues to evolve, this report serves as an indispensable guide for investors, entrepreneurs, and stakeholders eager to navigate its complexities. The first comprehensive overview of Saudi's startup ecosystem, its history, and its future. The Special Report hosts perspectives and insights from many of the country’s most active investors, highlights new investment trends, critical milestones hit by the Kingdom’s fast-growing startup ecosystem, and spotlights a handful of interesting startups coming out of the Kingdom. It is packed full of insights, data, and opinions from the thought leaders and market-makers in the Kingdom. Readers will gain a deep understanding of the unique factors driving Saudi Arabia's entrepreneurial spirit, the challenges faced by startups, and the opportunities that lie ahead. This report serves as an invaluable resource for anyone looking to navigate and invest in this vibrant and rapidly evolving market.
Related Videos & Podcasts
KSA's 10 Most Funded Startups: H1 2024 Roundup
By Lucidity Insights Research Team • September 30, 2024What Are The Top 10 Most Funded Saudi Startups to Date? (2023)
By Lucidity Insights Research Team • September 27, 2023The Evolution of Saudi Arabia's Startup and Venture Capital Ecosystem
By Lucidity Insights Research Team • April 05, 2023Who are the Most Active Investors in Saudi?
By Lucidity Insights Research Team • April 04, 2023Top 10 Most Funded Saudi-Born Startups (2022)
By Lucidity Insights Research Team • March 01, 2023Did you check these out?
Saudi Social Media Platform "Link" App Secures $1.6 Million in New Funding
By Staff Writer • August 10, 2024Aya Secures $1.6M in Seed Round to Revolutionize Modest Fashion
By Staff Writer • March 10, 2025Saudi Logistics Startup PIESHIP Secures $2.1M to Expand Smart Logistics
By Staff Writer • February 15, 2025LAHINT Raises USD 1M to Advance GovTech Automation
By Staff Writer • February 13, 2025Madkhol Capital Raises $2.2M Seed Funding to Revolutionize Wealth Management
By Staff Writer • February 12, 2025Construction Tech Startup BRKZ Secures $17M to Drive MENA Growth
By Staff Writer • February 11, 2025ITHCA Group Invests in Waad Investment to Expand Saudi-Oman VC Ecosystem
By Staff Writer • February 11, 2025SVC Report Highlights $1 Billion in Investments, Strengthening Saudi Arabia’s Private Capital Ecosystem
By Staff Writer • February 06, 2025Forus Raises $60M from Fasanara to Expand SME Financing in Saudi Arabia
By Staff Writer • February 04, 2025Chatberry Raises USD 266K to Expand AI-Powered WhatsApp Marketing
By Staff Writer • January 29, 2025Related Contents
Infobytes
How MEAPT’s Startup Scene is Evolving: Funding Rounds YTD 2025 vs YTD 2024 vs YTD 2023
By Staff Writer • March 12, 2025Infobytes
Year in Review: MENAPT Deal Value & Deal Count in 2024
By Staff Writer • February 05, 2025Articles
December 2024 - Top 5 Most Funded Startups in MENAPT
By Staff Writer • January 31, 2025Infobytes
Crypto Fundraising Deal Value and Count (Q4 2024 vs Q4 2023)
By Staff Writer • January 22, 2025Articles
November 2024 - Top 5 Most Funded Startups in MENAPT
By Staff Writer • December 16, 2024Infobytes
MENA IT Spending Forecast in 2024-2025 (US$ Mil)
By Staff Writer • December 03, 2024Articles
October 2024 - Top 5 Most Funded Startups in MENAPT
By Staff Writer • November 21, 2024News
Mush Social Secures $1.2M Funding to Innovate Social Media
By Staff Writer • November 07, 2024Articles
September 2024 - Top 5 Most Funded Startups in MENAPT
By Nazmia Nassereddine • October 21, 2024Articles
10 Graphs You Need to Know About Renewables in 2024
By Erika Masako Welch • October 06, 2024