# Top 10 Enterprise Software VC (Venture Capital) Funds in Saudi Arabia in May 2026

## 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

## Wamda Capital
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 2
- 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.

## 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.

## Global Ventures
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- 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.

## Shorooq Partners
- Type: VC Fund
- Location: Abu Dhabi, Abu Dhabi, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, E-Commerce, FinTech

Shorooq Partnersis the leading tech investor in the region, inspired by the best entrepreneurs, investors and practices from around the world.

## Oryx Fund
- Type: VC Fund
- Location: Abu Dhabi, Abu Dhabi, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, FinTech, Software

Oryx Fund is a MENA-focused Investment fund from Hambro Perks. Investing in game-changing early-stage technology companies at late Seed and Series A, led by outstanding entrepreneurs in sectors we have deep expertise such as Fintech, Healthtech, Enterprise tech, Logistics tech, and Edtech.

## Elm
- Type: VC Fund
- Location: Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- Stages: Seed, Series B
- Focus: Retail, Internet, Software

Elm offer a wide range of ready-made and customized digital solutions in many areas. The company provides products that are seemingly tailored to customers' needs and aspirations.

## Outliers Venture Capital
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 1
- 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 Aramco Entrepreneurship Ventures
- Type: VC Fund
- Location: Dhahran, Ash Sharqiyah, Saudi Arabia
- Relevant deals: 1
- 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.

## Artal Capital
- Type: VC Fund
- Location: Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- Stages: Series A
- Focus: SaaS, Travel, Travel Agency

Artal Capital is an Investment Firm that offers Public Equities, Private Equity, Venture Capital and Real Estate Investment Services

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