# Top 50 Artificial intelligence VC (Venture Capital) Funds in Saudi Arabia in October 2023

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Saudi Aramco Entrepreneurship Ventures | 15 | Saudi Arabia, India, Luxembourg | Series A, Seed | Information Technology, Software, Intelligent Systems |
| Raed Ventures | 14 | Saudi Arabia, United Arab Emirates, Egypt | Seed, Series A, Pre-Seed | E-Commerce, Software, Financial Services |
| Impact46 | 9 | Saudi Arabia, United Arab Emirates, Oman | Seed, Series A | E-Commerce, Financial Services, Predictive Analytics |
| Shorooq Partners | 8 | United Arab Emirates, Pakistan, United States | Seed, Series A, Pre-Seed | Financial Services, E-Commerce, FinTech |
| SEEDRA Ventures | 8 | Saudi Arabia, Egypt, United States | Seed, Series A, Pre-Seed | Predictive Analytics, FinTech, Financial Services |
| Oqal | 6 | Saudi Arabia, United Arab Emirates, Egypt | Seed, Pre-Seed, Series A | E-Commerce, Information Technology, Marketplace |
| STV | 5 | Saudi Arabia, United Arab Emirates, United States | Series A, Seed, Series B | E-Commerce, Predictive Analytics, Financial Services |
| Arzan Venture Capital | 5 | United Arab Emirates, Egypt, Saudi Arabia | Seed, Series A, Series B | Software, E-Commerce, SaaS |
| VentureSouq | 5 | United States, United Arab Emirates, Saudi Arabia | Seed, Series A, Series B | FinTech, Financial Services, Software |
| Saudi Aramco | 5 | Saudi Arabia, United States, China | Seed, Series A, Series B | Energy, Oil and Gas, Information Technology |
| Vision Ventures | 5 | Saudi Arabia, United Arab Emirates, Egypt | Seed, Series A | E-Commerce, Software, Information Technology |
| Global Ventures | 5 | United Arab Emirates, Egypt, United States | Series A, Seed, Series B | Health Care, FinTech, Financial Services |
| Wamda Capital | 4 | United Arab Emirates, Jordan, Turkey | Seed, Series A, Series B | E-Commerce, Internet, Financial Services |
| Outliers Venture Capital | 4 | Egypt, Saudi Arabia, United States | Seed, Series A, Pre-Seed | E-Commerce, Information Technology, Predictive Analytics |
| Saudi Venture Capital Company | 3 | Saudi Arabia, Germany, United States | Seed, Series A, Series B | E-Commerce, Predictive Analytics, Software |
| Tech Invest Com | 3 | United Arab Emirates, Saudi Arabia, Jordan | Series A, Seed | E-Commerce, Software, Predictive Analytics |
| HALA Ventures | 3 | United Arab Emirates, Saudi Arabia, Egypt | Seed, Series A, Pre-Seed | FinTech, Software, Predictive Analytics |
| Riyad TAQNIA Fund (RTF) | 3 | Saudi Arabia, United Arab Emirates, Jordan | Series A, Seed, Series B | Information Technology, Artificial Intelligence, Internet |
| Derayah Venture Capital | 3 | Saudi Arabia, United Arab Emirates | Seed, Series A, Series B | Predictive Analytics, Financial Services, FinTech |
| Abercross Holdings | 2 | Saudi Arabia, United States | Seed, Series A, Private Equity | B2B, Retail, Software |
| Khwarizmi Ventures | 2 | Saudi Arabia, Egypt, United Arab Emirates | Seed, Series A, Pre-Seed | E-Commerce, Software, FinTech |
| Saudi Venture Capital | 2 | Saudi Arabia, Tunisia | Seed, Series A, Series B | E-Commerce, Internet, Predictive Analytics |
| MSA Capital | 2 | China, United States, Egypt | Series A, Seed, Series B | E-Commerce, Financial Services, Biotechnology |
| Nama Ventures | 2 | Saudi Arabia, Egypt, United Arab Emirates | Pre-Seed, Seed | E-Commerce, Information Technology, Marketplace |
| Elm | 2 | Saudi Arabia | Series A, Seed, Series B | E-Commerce, Internet, SMS |
| Butterfly Ventures | 2 | Finland, Sweden, Norway | Seed, Pre-Seed | Health Care, Software, Information Technology |
| AgFunder | 2 | United States, United Kingdom, India | Seed, Series A, Series B | Agriculture, AgTech, Biotechnology |
| Middle East Venture Partners (MEVP) | 2 | United Arab Emirates, Lebanon, United States | Series A, Seed, Series B | E-Commerce, Software, SaaS |
| Abunayyan Holding | 2 | Saudi Arabia, United Arab Emirates | Series A, Seed | Information Technology, Internet, Food and Beverage |
| Sukna Ventures | 2 | Saudi Arabia, United Arab Emirates, United States | Seed, Series A | Information Technology, Financial Services, SaaS |
| Class 5 Global | 2 | United States, Singapore, United Arab Emirates | Seed, Pre-Seed, Series A | FinTech, Financial Services, Finance |
| otf Jasoor Ventures | 2 | United Arab Emirates, Saudi Arabia, Oman | Seed, Series A, Series B | Logistics, B2B, FinTech |
| Wealth Well | 2 | Saudi Arabia, United Arab Emirates | Seed | FinTech, Financial Services, Predictive Analytics |
| Riyad Bank | 1 | Saudi Arabia | Series A | Banking, FinTech, Lending |
| SVC | 1 | Switzerland, Germany, Saudi Arabia | Series A, Seed, Pre-Seed | Medical, Biotechnology, Information Technology |
| Agility Ventures | 1 | Saudi Arabia | Seed | Retail, Internet, E-Commerce |
| Yazeed Al-Rajhi and Brothers Holding Company | 1 | Saudi Arabia | Series A | Banking, FinTech, Lending |
| Flat6Labs | 1 | Egypt, United Arab Emirates, Saudi Arabia | Seed, Pre-Seed | Software, E-Commerce, Apps |
| Terra VC | 1 | United Kingdom | Series A | Internet, Software, Machine Learning |
| WAED Ventures | 1 | Kuwait | Series B | Apps, Coffee, Internet |
| Alsulaiman Group | 1 | Saudi Arabia | Seed, Series A | Logistics, E-Commerce, Real Estate |
| Faith Capital | 1 | United Arab Emirates, Kuwait, Bahrain | Seed, Series A, Series B | E-Commerce, Internet, Software |
| Le Augure | 1 | Saudi Arabia | Seed | FinTech, Predictive Analytics |
| Mentors Fund | 1 | United States, Pakistan, Egypt | Seed, Series A, Pre-Seed | Health Care, Software, Internet |
| RAI group | 1 | Saudi Arabia | Pre-Seed | Apps, FinTech, Financial Services |
| Sadu Capital | 1 | Saudi Arabia | Seed | SaaS, Software, Analytics |
| Mutasami Family Fund | 1 | Saudi Arabia | Pre-Seed | B2B, Delivery Service, Predictive Analytics |
| Tasheel Holding | 1 | Saudi Arabia | Series A | Logistics, Predictive Analytics, Supply Chain Management |
| Palm Ventures | 1 | United States, Australia, Saudi Arabia | Seed, Angel | FinTech, Software, SaaS |
| ACE Investment Partners Ltd. | 1 | Switzerland, United States, Saudi Arabia | Seed, Series A | Software, Renewable Energy, Collaboration |

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