By Lucidity Insights Research Team • September 27, 2023
We've compiled a list of the top ten Saudi-born startups securing the most funding in investments up till August 2023. Get to know the inspiring trailblazers in the Saudi startup ecosystem and uncover which sectors have made the most significant impact on the top 10 list.
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.
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Explore the top 10 most funded startups in Saudi Arabia's vibrant ecosystem for H1 2024, showcasing innovation across e-commerce, fintech, and proptech.
In 2022, Saudi startups reached a significant milestone, collectively securing over $1B in funding. Just five years earlier, these startups had only managed to secure slightly over $50M in a year.
Watch this video to discover the most active Saudi investors in 2022 based on the number of Saudi-born startups in their portfolio.