# Top 50 Artificial intelligence Startup Investors in Saudi Arabia in October 2023 ## Saudi Aramco Entrepreneurship Ventures - Type: VC Fund - Location: Dhahran, Ash Sharqiyah, Saudi Arabia - Relevant deals: 15 - Stages: Series A, Seed - Focus: Information Technology, Software, Intelligent Systems Wa’ed Ventures is the venture capital arm of Saudi Aramco Entrepreneurship Center (Wa’ed), established by Saudi Aramco with the vision of igniting the spirit of entrepreneurship in the Kingdom of Saudi Arabia. Wa’ed has deployed a suite of programs over the years to assist entrepreneurs in establishing, enhancing, or expanding their ventures. Theseprograms comprise development and financial support including business incubation, coaching and training to guide and nurture entrepreneurs along different business stages, seed funding, non-collateral loans, venture capital (equity/debt) investment, and business development. These programs support the development of small- and medium-sized enterprises (SMEs) capable of localizing industries and diversifying the Kingdom’s economy. Wa’ed also collaborates and engages with key players in order to create an effective entrepreneurship ecosystem.Wa’ed aspires to provide leadership in promoting entrepreneurship to support economic growth, diversification, and social development in Saudi Arabia, in alignment with the Kingdom’s strategic thrust into moving towards a knowledge-based economy. The organization aims to turn innovative ideas into successful projects, create and support sustainable SMEs, and develop entrepreneurs into successful business owners.Wa’ed Ventures aims to fuel the growth of high potential companies, thereby promoting economic development in Saudi Arabia with job creation for Saudi nationals, technological improvement, knowledge transfer, economic diversification, and economic growth within the Kingdom. The firm focuses on seed, early, and growth-stage businesses across a diverse range of sectors including information and communication technology (ICT), energy, manufacturing, healthcare, and services – from mobile application platforms and technologies to industrial equipment manufacturing to advanced software solutions. ## Raed Ventures - Type: VC Fund - Location: Dammam, Ash Sharqiyah, Saudi Arabia - Relevant deals: 14 - Stages: Seed, Series A, Pre-Seed - Focus: E-Commerce, Software, Financial Services We partner with exceptional founders building breakthrough companies and creating scalable impact in MENA region ## Impact46 - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 9 - Stages: Seed, Series A - Focus: E-Commerce, Financial Services, Predictive Analytics [et_pb_section fb_built="1" admin_label="Section" module_class="topmainsection" ## SEEDRA Ventures - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 8 - Stages: Seed, Series A, Pre-Seed - Focus: Predictive Analytics, FinTech, Financial Services SEEDRA Ventures invests in companies from the very first stages of inception to Series-A and beyond, providing financing and hands-on development support. ## Shorooq Partners - Type: VC Fund - Location: Abu Dhabi, Abu Dhabi, United Arab Emirates - Relevant deals: 8 - Stages: Seed, Series A, Pre-Seed - Focus: Financial Services, E-Commerce, FinTech Shorooq Partners is the leading tech investor in the region, inspired by the best entrepreneurs, investors and practices from around the world. ## Oqal - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 6 - Stages: Seed, Pre-Seed, Series A - Focus: E-Commerce, Information Technology, Marketplace A group of young entrepreneurs to connect young people with ideas. ## Vision Ventures - Type: VC Fund - Location: Dammam, Ash Sharqiyah, Saudi Arabia - Relevant deals: 5 - Stages: Seed, Series A - Focus: E-Commerce, Software, Information Technology Vision Ventures (VV) is an early stage venture capital firm founded by experienced entrepreneurs. Its slogan is:"By Entrepreneurs for Entrepreneurs". We invest in innovative startups in the Seed and Series A across a wide range of verticals. We help startups realize their dreams and make a difference in a noisy world. We are an energeticteam that has a wealth of experience in starting companies and steering them to success and hyper growth. Our combined experience spans over 90 years in multiple countries which gives us extensive experience in multi-national, multi-cultural teams. We provide startups with hands on assistance and guidance on marketing, sales, product/service development, financial planning and management, expansion & growth strategy, and more. ## STV - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 5 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Predictive Analytics, Financial Services STV is a $500M technology venture capital fund headquartered in Riyadh, Saudi Arabia ## Saudi Aramco - Type: VC Fund - Location: Dhahran, Ash Sharqiyah, Saudi Arabia - Relevant deals: 5 - Stages: Seed, Series A, Series B - Focus: Energy, Oil and Gas, Information Technology The Saudi Arabian Oil Company (Saudi Aramco) is the state-owned oil company of the Kingdom of Saudi Arabia. It ranks first among oil companies worldwide in terms of crude oil production and exports, and natural gas liquids (NGL) exports, and is among the leading producers of natural gas. It is also known as refiners and are moving furtherdownstream into chemicals production.The company was founded in 1930 and is headquartered in Dhahran, Saudi Arabia. ## VentureSouq - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 5 - Stages: Seed, Series A, Series B - Focus: FinTech, Financial Services, Software VentureSouq operates a large co-investment platform with a global investment portfolio. ## Arzan Venture Capital - Type: VC Fund - Location: Kuwait, Al Kuwayt, Kuwait - Relevant deals: 5 - Stages: Seed, Series A, Series B - Focus: Software, E-Commerce, SaaS Arzan Venture Capital (Arzan VC) is a Kuwait-born VC firm that has been investing in startups with a MENA angle since 2014, making it one of the earliest VC firms in the region. Arzan VC's portfolio includes 30+ startups. The firm invests in young, fast-growing and innovative tech teams and it remains committed to building long-lastingrelationships with the region’s most talented entrepreneurs at an early stage. ## Global Ventures - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 5 - Stages: Series A, Seed, Series B - Focus: Health Care, FinTech, Financial Services We back global-minded, growth-stage and technology-focused founders in emerging markets and the world. ## Musaab Hakami - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 4 - Stages: Seed, Pre-Seed, Series A - Focus: Financial Services, FinTech, Software GP. Ex-Entrepreneur. Ex-Computer Engineer. Angel Investor. BoD. Ex-CCO & CFO @trySaryApp ## Outliers Venture Capital - Type: VC Fund - Location: Menlo Park, California, United States - Relevant deals: 4 - Stages: Seed, Series A, Pre-Seed - Focus: E-Commerce, Information Technology, Predictive Analytics Backing outlier founders in MENA & the US at the earliest stages ## Wamda Capital - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 4 - Stages: Seed, Series A, Series B - Focus: E-Commerce, Internet, Financial Services Wamda Capital is the MENA region's leading venture capital firm investing in exceptional entrepreneurs building the region's most promising high growth technology businesses. We invest both at the growth and seed stages with the aim of taking portfolio companies through successive rounds of financing through to exit. ## HALA Ventures - Type: VC Fund - Location: Khobar, Ash Sharqiyah, Saudi Arabia - Relevant deals: 3 - Stages: Seed, Series A, Pre-Seed - Focus: FinTech, Software, Predictive Analytics Technology VC that empowers GCC’s startups in their early-growth stages. ## Riyad TAQNIA Fund (RTF) - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 3 - Stages: Series A, Seed, Series B - Focus: Information Technology, Artificial Intelligence, Internet Riyad TAQNIA Fund (RTF) is a venture capital fund investing in early stage technology companies around the globe. The fund is interested in post-revenue Seed through Series-B opportunities. RTF was founded by Riyad Capital Co. and TAQNIA and is backed by leading Saudi institutional investors. ## Tech Invest Com - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 3 - Stages: Series A, Seed - Focus: E-Commerce, Software, Predictive Analytics Saudi technology investment company established in 2005. We invest in growth stage tech startups in Saudi Arabia & Middle East North Africa (MENA) region ## Derayah Venture Capital - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: Predictive Analytics, Financial Services, FinTech Derayah Venture Capital is a Venture Capital Fund That Invests in High Growth Startups across the MENA region. ## Saudi Venture Capital Company - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: E-Commerce, Predictive Analytics, Software SVC has backed 31 VC and PE Funds and 5 Angel Groups that supported 525 Startups and SMEs via $1.6 Billion AUM INVESTMENTS 1. ## Saudi Venture Capital - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: E-Commerce, Internet, Predictive Analytics SVCIC is uniquely positioned to lead the development of the nascent venture capitalindustry in Saudi Arabia by providing unmatched levels of support for fundamentally strong small-to-medium enterprises (SMEs) that lack the necessary resources for growth and expansion. ## AgFunder - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Agriculture, AgTech, Biotechnology AgFunder invests in impactful companies that can positively transform the world's food system. Founded in 2013, AgFunder manages a portfolio of over 50 companies across four funds from offices in Silicon Valley and Singapore. Through its media platform AFN, it has built a global ecosystem of over 90,000 subscribers. ## Class 5 Global - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: FinTech, Financial Services, Finance Class 5 Global is a venture fund investing in the next generation of emerging market entrepreneurs. ## Nama Ventures - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 2 - Stages: Pre-Seed, Seed - Focus: E-Commerce, Information Technology, Marketplace Nama Ventures is a seed stage venture capital fund focused on fueling innovation in the MENA region, particularly in Saudi Arabia. ama Ventures is built upon the fundamental idea of enabling entrepreneurs to succeed. And as founders of Nama, we are thrilled to finally have the platform to implement this idea. Our hope is that entrepreneurs willingto partner with us will see and feel our value-add approach to investing. ## Abdulaziz Alyabis - Type: Angel - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, E-Commerce, Electronics Abdulaziz Alyabis ## Middle East Venture Partners (MEVP) - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Software, SaaS MEVP is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative tech companies run by talented entrepreneurs in the Middle East with a focus on the GCC and Levant countries. With a team of 20 VC professionals across offices in Dubai, Beirut, Bahrain, Abu Dhabi, and Riyadh, MEVP manages 5 regional funds with more than USD 260 million in Assets Under Management. MEVP is the largest and most established VC firm in the region, with clear cross border investment appetite. ## otf Jasoor Ventures - Type: VC Fund - Location: Muscat, Masqat, Oman - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Logistics, B2B, FinTech otf Jasoor Ventures is an early stage VC fund that invests in tech and tech-enabled startups in the MENA region ## Abercross Holdings - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Series A, Private Equity - Focus: B2B, Retail, Software Investing in privately owned, profitable, high growth, medium sized UK companies. ## MSA Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Financial Services, Biotechnology MSA Capital is a global venture capital and private equity firm that invests in technology-enabled companies from seed to growth stage. The firm manages capital from the world's top sovereign wealth funds, international asset managers, pension funds, university endowments, fund of funds, and family offices, as well as China's leading neweconomy entrepreneurs. ## Abunayyan Holding - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 2 - Stages: Series A, Seed - Focus: Information Technology, Internet, Food and Beverage Abunayyan Holding are turnkey partners who provide integrated solutions in water, power and energy applications in Saudi Arabia, the Middle East and Africa. ## Khwarizmi Ventures - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: E-Commerce, Software, FinTech Khwarizmi Ventures is a venture capital firm that seeks investments in startups with a passion for algorithms. It seeks to help create their vision, as they embark on a journey together that aligns their goals to improve quality of life using technology powered by algorithms.Ever since its launch in 2018, it has seed funded startups, assistedfounders, and scaled up several companies. ## Wealth Well - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 2 - Stages: Seed - Focus: FinTech, Financial Services, Predictive Analytics Wealth Well is an investment and wealth management firm that manages assets across real estate, private equity, and venture capital. The Riyadh, Riyadh-based firm was founded in 2015. ## Butterfly Ventures - Type: VC Fund - Location: Oulu, Oulu, Finland - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Health Care, Software, Information Technology Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm. ## Sukna Ventures - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 2 - Stages: Seed, Series A - Focus: Information Technology, Financial Services, SaaS Sukna ventures is a venture studio and fund based in Saudi Arabia. ## Elm - Type: VC Fund - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Internet, SMS Elm ## RAI group - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed - Focus: Apps, FinTech, Financial Services RAI group provides short-term cash flow or support growth capital for small to middle-market companies. ## WAED Ventures - Type: VC Fund - Location: Dhahran, Ash Sharqiyah, Saudi Arabia - Relevant deals: 1 - Stages: Series B - Focus: Apps, Coffee, Internet Wa’ed Ventures is a $500 million venture capital fund with the aim to accelerate the development of an integrated startup ecosystem by investing in local tech-based startups and incentivizing global entrepreneurs to localize their tech innovations in the Kingdom. ## Faith Capital - Type: VC Fund - Location: Sharq Hawalli, Al Kuwayt, Kuwait - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: E-Commerce, Internet, Software Faith Capital is a venture capital firm investing in talented MENA founders building long-term value by developing sound operations at home and abroad.A Kuwait based venture capital fund owned and managed by individuals with proven business experience and success in the GCC.The principal focus of Faith Capital is on e-commerce businesses,based in the region, which have high growth potential for the future. ## Jeff Immelt - Type: Angel - Location: Boston, Massachusetts, United States - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Manufacturing, Software, Family Immelt has held several global leadership positions since coming to GE in 1982, including roles in GE's Plastics, Appliances, and Healthcare businesses. In 1989 he became an officer of GE and joined the GE Capital Board in 1997.Immelt has been named one of the World's Best CEOs three times by Barron's, and since he began servingas chief executive officer, GE has been named America's Most Admired Company in a poll conducted by Fortunemagazine and one of The World's Most Respected Companies in polls by Barron's and the Financial Times.Immelt was the chair of President Obama's Council on Jobs and Competitiveness. He is a member of The American Academy of Arts & Sciences.Immelt earned a B.A. degree in applied mathematics from Dartmouth College in 1978 and an M.B.A. from Harvard University in 1982. He and his wife have one daughter. ## Sadu Capital - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 1 - Stages: Seed - Focus: SaaS, Software, Analytics Sadu assist pre-seed, seed, and series A businesses in reaching the stage when they may get growth financing. Founded in 2021. ## Integrated Networks - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 1 - Stages: Seed, Series A - Focus: FinTech, Mobile, Internet INTEGRATED NETWORKS CO. LTD. “INET” is a private organization founded in 2001 by a group of prominent Saudi investors, with an aim to provide unique blend of system integration using top-of-the-line products, revolutionary technology and proven expertise & experience.Authorized service provider licensed by Saudi Arabian Monetary Agency forproviding Payment Solutions, including; Point-of-Sales connectivity & management, ecommerce and Loyalty Solutions.Authorized Service Provider licensed by Communication and Information Technology Commission for providing Internet Services as well as network operation services. ## ACE & Company - Type: VC Fund - Location: Geneva, Geneve, Switzerland - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, FinTech, Financial Services ACE & Company (“ACE”), founded in 2005, is a global investment group specialized in private investments with total assets of over $1.6 bn across three investment strategies and investment solutions. With headquarters in Geneva and offices in London, New York, and Cairo, ACE’s global presence brings the company in direct contact with sourcingpartners, investment firms, as well as entrepreneurs and provides investors unparalleled access to a network of opportunities. ACE’s passion is for finding investment opportunities where we have an advantage through many years of relationship building, a carefully developed position of knowledge in the sectors which we are active, and a culture of efficiency to gain first mover’s advantage. ACE’s purpose is to offer investors a long-term and collaborative investment approach that values honesty, transparency and rigorous execution, so that our strategies not only provide unique access to value accretive, risk-managed deals, but fosters what we consider our bedrock—trust.ACE’s progress has been marked by a globally respected track record since the Company was founded in 2005. In the last four years we have increased our total assets by fivefold and in 2017 received the Swiss Financial Supervisory Authority (FINMA) authorization. ## MetLife Foundation - Type: VC Fund - Location: Mexico City, Distrito Federal, Mexico - Relevant deals: 1 - Stages: Seed, Grant, Pre-Seed - Focus: Financial Services, FinTech, Finance MetLife Foundation is committed to expanding opportunities for low- and moderate-income people around the world.MetLife Foundation partner with nonprofit organizations and social enterprises to create financial health solutions and build stronger communities, while engaging MetLife employee volunteers to help drive impact. ## Mentors Fund - Type: VC Fund - Location: Redwood City, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Health Care, Software, Internet Mentors Fund is a venture capital firm that invests in capital-efficient startups that aim to digitally disrupt traditional businesses. ## Henrique Dubugras - Type: Angel - Location: San Francisco Bay Area, California, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Financial Services, SaaS Henrique Dubugras is Founder and Co-CEO of Brex — the first of its kind corporate card for startups. A Brazilian entrepreneur, Henrique built payments company Pagar.me — the Stripe of Brazil — when he was sixteen years old. In just three years, Pagar.me grew to $1.5 billion in volume of transactions processed. In the fall of 2016, Henrique soldPagar.me and enrolled at Stanford University. After eight months, he left school and founded Brex, which raised $215M in funding across three rounds in its first 22 months and was the fastest U.S. business-to-business company to be valued at over $1bn. ## Agility Ventures - Type: VC Fund - Location: Prescott, Arizona, United States - Relevant deals: 1 - Stages: Seed - Focus: Retail, Internet, E-Commerce Agility Ventures specializes in financing and consulting for the Broadband Industry. Founded by owners and managers of successful Wireless Internet Service Providers (WISPs) and technology finance companies, Agility offers a compelling partnership for their clients, manufacturers, distributors and users of wireless technology. ## Palm Ventures - Type: VC Fund - Location: Greenwich, Connecticut, United States - Relevant deals: 1 - Stages: Seed, Angel - Focus: FinTech, Software, SaaS Positive Transformation Through Creative Disruption View our Investments ## Entrée Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, Financial Services, FinTech We're a team of former serial founders managing $1B across a number of funds, with offices in Tel Aviv, London, and New York. ## ACE Investment Partners Ltd. - Type: VC Fund - Location: Geneva, Geneve, Switzerland - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Renewable Energy, Collaboration ACE Investment Partner is a Geneva based investor with a focus on early & venture opportunities. ## Tasheel Holding - Type: VC Fund - Location: Jeddah, Makkah, Saudi Arabia - Relevant deals: 1 - Stages: Series A - Focus: Logistics, Predictive Analytics, Supply Chain Management Tasheel Holding is offer various services related to travel, businesses, or government. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co