# Top 50 Artificial intelligence VC (Venture Capital) Funds 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" ## 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. ## 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. ## 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. ## 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 ## 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. ## 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. ## 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. ## 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. ## 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. ## 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. ## 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 ## 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. ## 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 ## 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. ## 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. ## 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. ## 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. ## 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. ## 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. ## 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. ## Elm - Type: VC Fund - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Internet, SMS Elm ## 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. ## 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. ## 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. ## 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. ## 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. ## 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. ## 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 ## 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. ## Riyad Bank - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 1 - Stages: Series A - Focus: Banking, FinTech, Lending Riyad Bank SJSC is a Saudi Arabia-based bank that provides banking and investment services. The Bank offers its services through four segments: the Retail segment covers deposit, credit and investment products for individuals and small to medium sized businesses; the Investment banking and brokerage segment provides investment management servicesand asset management activities related to dealing, managing, arranging, advising and custody of securities; the Corporate segment handles corporate customers’ current accounts and deposits, and provides loans, overdrafts and other credit facilities and derivative, the Treasury and Investments segment provides money market trading and treasury services, as well as the management of the Bank’s investment portfolios. The Bank also provides Islamic banking products to its customers. ## SVC - Type: VC Fund - Location: Zürich, Zurich, Switzerland - Relevant deals: 1 - Stages: Series A, Seed, Pre-Seed - Focus: Medical, Biotechnology, Information Technology SVC - Ltd. for Risk Capital for SMEs provides Swiss SMEs and start-up businesses with venture capital of up to CHF 100 million. Innovative companies in various development phases are supplied with venture capital in the form of additional equity capital or as loans with profit participation. The focus is on the consolidation of Switzerland as acenter of employment and the creation or preservation of jobs. SVC - Ltd. for Risk Capital for SMEs is active throughout Switzerland. ## 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. ## Yazeed Al-Rajhi and Brothers Holding Company - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 1 - Stages: Series A - Focus: Banking, FinTech, Lending Yazeed Al-Rajhi and Brothers Holding Company invests mainly in the food and beverage sector with more focus on restaurants. ## Flat6Labs - Type: VC Fund - Location: Gîza, Al Jizah, Egypt - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, E-Commerce, Apps Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs’ proven track record as the market leader.. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside to the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets. ## Terra VC - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 1 - Stages: Series A - Focus: Internet, Software, Machine Learning An early-stage deeptech VC firm with focus on climate tech, life sciences, and next-gen computing. ## 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. ## Alsulaiman Group - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Series A - Focus: Logistics, E-Commerce, Real Estate Here you will find an in-depth review of our company and its subsidiaries, reflecting our pride in our ongoing growth and success. ## 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. ## Le Augure - Type: VC Fund - Location: Jeddah, Makkah, Saudi Arabia - Relevant deals: 1 - Stages: Seed - Focus: FinTech, Predictive Analytics Le Augure Holding Group is a privately owned, diversified investment group based in the Kingdom of Saudi Arabia (KSA) with investments in the Middle East, India, Europe and USA. ## 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. ## 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. ## 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. ## Mutasami Family Fund - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed - Focus: B2B, Delivery Service, Predictive Analytics Mutasami Family Fund ## 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. ## 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 ## 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. # 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