Saudi Arabia leads regional VC funding with $860M deals in H1 2025

17/07/2025 Argaam Special
The Kingdom of Saudi Arabia's flag

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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