The Kingdom of Saudi Arabia's flag
Saudi Arabia continued to lead the Middle East and North Africa (MENA) region in venture capital (VC) investment, accounting for 56% of total VC funding in the first half of 2025.
VC investment in the Kingdom reached approximately $860 million in H1 2025, surging 116% year-on-year (YoY) and surpassing the total VC investment recorded in 2024, according to a report by MAGNiTT, a platform specializing in startup data across the MENA region.
The number of VC deals in the Kingdom hit a record high of 114, up 31% YoY. This growth was supported by sustained sovereign capital activity, momentum from LEAP events, and early-stage programs backed by new venture funds and accelerators.
The UAE ranked second, attracting $447 million in VC investment, rising 84% YoY, across 114 deals.
The following table shows the number of VC deals and value:
Number and Value of VC Deals Since 2018 |
|||
Year |
Number of Deals |
Deals Value ($ mln) |
Change |
2018 |
56 |
59 |
-- |
2019 |
73 |
116 |
+97% |
2020 |
93 |
154 |
+33% |
2021 |
154 |
598 |
+282% |
2022 |
161 |
1022 |
+74% |
2023 |
153 |
1343 |
+31% |
2024 |
178 |
750 |
(44%) |
H1 2025 |
114 |
860 |
+116% |
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