Top 10 Proptech VC Funds & Investors in Saudi Arabia (October 2023)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Saudi Aramco Entrepreneurship Ventures
VC Fund
|
3 | Saudi Arabia, India, Luxembourg | Series A, Seed | Information Technology, Software, Intelligent Systems | $507k–$13M |
|
Business Innovation Mine (BIM)
VC Fund
|
2 | Saudi Arabia | Seed, Pre-Seed | Apps, Mobile Apps, Industrial Automation | $853k–$1.8M |
|
Oqal
VC Fund
|
2 | Saudi Arabia, United Arab Emirates, Egypt | Seed, Pre-Seed, Series A | E-Commerce, Information Technology, Marketplace | $80k–$1.8M |
|
Impact46
VC Fund
|
1 | Saudi Arabia, United Arab Emirates, Oman | Seed, Series A | E-Commerce, Financial Services, Predictive Analytics | $1.3M–$37M |
|
Kenayah Co.
VC Fund
|
1 | Saudi Arabia | Seed | Real Estate | |
|
AlRamz Real Estate Company
VC Fund
|
1 | Saudi Arabia | Pre-Seed | Real Estate, Property Management | |
|
Wallan Group
VC Fund
|
1 | Saudi Arabia | Seed, Pre-Seed | Payments, Real Estate, Financial Services | |
|
Dar wa Emaar Development and Investment Company
VC Fund
|
1 | Saudi Arabia | Seed | Internet, Home Improvement | |
|
Riyad TAQNIA Fund (RTF)
VC Fund
|
1 | Saudi Arabia, United Arab Emirates, Jordan | Series A, Seed, Series B | Information Technology, Artificial Intelligence, Internet | $1M–$23M |
|
Salem Balhmar Real Estate
VC Fund
|
1 | Saudi Arabia | Seed | Real Estate | |
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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.
Show more...Investment focus
- Industry: Information Technology, Software, Intelligent Systems
- Stage:Series A, Seed
- Geography: Saudi Arabia, India, Luxembourg
Investor stats
- Total investments: 43
- Round size: Seed $507k–$3.5M; Series A $900k–$13M
- Lead/follow: 84% lead, 16% follow
Portfolio highlights
- ELEVATUS — Hire the world's best talent with our award-winning recruitment software, Elevatus. Recruit a talented workforce that will help your company succeed and grow.
- OQ TECHNOLOGY — OQ Technology's Satellite 5G IoT - The world's first global satellite 5G operator, that can collect data from more than 1000 sensors, and so providing cellular coverage for assets and machines anywherer in the world.
- MANAFA Capital — MANAFA is an online marketplace for investing equity into innovative, early-stage companies. It provides sophisticated investors free access to direct investment opportunities, diligence tools and industry data insights for an asset class that was previously very difficult to access. For entrepreneurs, MANAFA offers an efficient way to access anetwork of sophisticated investors as well as leading partners.
We build successful and sustainable enterprises from the ground up by capitalizing on our expertise, resources and network.We carefully select, validate and launch bold ideas that are then turned into full-fledged spun-off businesses. While every successful venture is different, there is one thing, that connects all of them – right timing.Timeis the key and the most important resource for every enterprise. That’s why we designed our own venture building process that allows fast delivery. We use our own expertise and vast network of resources to create business plans, develop the products, launch them on the market, and grow them. - Generate our own VenturesWe build startups that solve problems through an inhouse continuous, dynamic and selective ideation process. We secure financing to make sure our ventures can grow without barriers.- Build Ventures With PartnersWith our robust ecosystem we partner up with external entrepreneurs and other companies that have amazing ideas we can help them develop into successful and sustainable businesses.
Show more...Investment focus
- Industry: Apps, Mobile Apps, Industrial Automation
- Stage:Seed, Pre-Seed
- Geography: Saudi Arabia
Investor stats
- Total investments: 7
- Round size: Seed $853k–$1.8M
- Lead/follow: 43% lead, 57% follow
Portfolio highlights
- Tygo — Tygo is the telecommunications services and marketing platform.
- Conix.ai — CONIX.AI is an AI platform (SaaS) created to offer fully complete solutions for the architectural designing of residential and commercial properties. The cloud-based SaaS platform is accessible from anywhere worldwide and can provide detailed 2D plans, 3D plans, Facades, working drawings (electricity & water), utility data, sustainabilityadvice and more for construction planning.By accessing CONIX.AI, real estate companies will have at their fingertips in few minutes different iterations of architectural designs for their new construction projects previously impossible to attain without significant investments into architectural firms and wouldn't be delivered in less than 4-6 weeks. This level of visualisation will allow companies a time-conscious suite of tools that can allow them to build faster, build smarter, build greener!https://youtu.be/bskgguh3U-A
- AtarCloud — AtarCloud is a mobile app featuring financial management, leasing, service management, HOA and user management, and marketing. In addition to providing a multi-platform, multi-interface system, the company assists all stakeholders in an intuitive manner by providing a multi-platform, multi-interface system that caters to the needs of allstakeholders involved in the property sector.
A group of young entrepreneurs to connect young people with ideas.
Show more...Investment focus
- Industry: E-Commerce, Information Technology, Marketplace
- Stage:Seed, Pre-Seed, Series A
- Geography: Saudi Arabia, United Arab Emirates, Egypt
Investor stats
- Total investments: 31
- Round size: Seed $80k–$1.8M; Pre-Seed $340k–$1.1M; Series A $133k–$1.1M
- Lead/follow: 3% lead, 97% follow
Portfolio highlights
- AlGooru — AlGooru is a tutoring network marketplace that connects students with qualified tutors on a mobile app. Our mobile app uberizes the tutoring market. Students can find reliable tutors, and tutors can manage their sessions/price their own rates.
- Letswork — Work, meet and connect from the best coworking spaces, cafes and hotels across the UAE and Bahrain. Buy a membership, book meeting rooms or rent an office via the Letswork app.
- Otida — Otida is an app that acts as a nutritionist, a fitness coach and physician, among other roles, for patients with diabetes who struggle while navigating through their day-to-day lives.
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Show more...Investment focus
- Industry: E-Commerce, Financial Services, Predictive Analytics
- Stage:Seed, Series A
- Geography: Saudi Arabia, United Arab Emirates, Oman
Investor stats
- Total investments: 46
- Round size: Seed $1.3M–$5M; Series A $5M–$37M
- Lead/follow: 48% lead, 52% follow
Portfolio highlights
- Zid زد — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
- DataLexing — DataLexing is an All-in-One Data-Driven productivity platform that brings Insights, Apps, Notifications, Forms, and Sheets together in one place.
- Al Matar Group — Al Matar Group provides individuals and businesses with technical travel solutions.
Kenayah Co.
Show more...Investment focus
- Industry: Real Estate
- Stage:Seed
- Geography: Saudi Arabia
Investor stats
- Total investments: 1
- Lead/follow: no public data
Portfolio highlights
- Deal App — Deal App operates as an real estate app. Deal App designs an intricate digital solution by adopting the 'request-oriented business model', in which property seekers submit their requests through the app to receive appropriate offers directly from the active agents in the neighborhoods they are targeting.
AlRamz Real Estate Company is a Saudi Arabia-based real estate development company.
Show more...Investment focus
- Industry: Real Estate, Property Management
- Stage:Pre-Seed
- Geography: Saudi Arabia
Investor stats
- Total investments: 1
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- Dallali — Dallali is an integrated platform for all property management requirements with a unified dashboard and performance indicators.
Wallan Group provides quality products and services across diversified industries portfolio.
Show more...Investment focus
- Industry: Payments, Real Estate, Financial Services
- Stage:Seed, Pre-Seed
- Geography: Saudi Arabia
Investor stats
- Total investments: 2
- Lead/follow: no public data
Portfolio highlights
- EdfaPay — Edfapay is a fintech enterprise that provides smart & efficient payment solutions, That save money, time & effort using soft pos technology.
- Deal App — Deal App operates as an real estate app. Deal App designs an intricate digital solution by adopting the 'request-oriented business model', in which property seekers submit their requests through the app to receive appropriate offers directly from the active agents in the neighborhoods they are targeting.
Dar wa Emaar Development and Investment Company
Show more...Investment focus
- Industry: Internet, Home Improvement
- Stage:Seed
- Geography: Saudi Arabia
Investor stats
- Total investments: 1
- Lead/follow: no public data
Portfolio highlights
- B8ak — They have carefully selected eاelectrical, plumbing, AC and IT maintenance services for your home. You will also be able to provide us with your request details. Always remember that you can order custom services from the app .
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.
Show more...Investment focus
- Industry: Information Technology, Artificial Intelligence, Internet
- Stage:Series A, Seed, Series B
- Geography: Saudi Arabia, United Arab Emirates, Jordan
Investor stats
- Total investments: 20
- Round size: Seed $1M–$2.7M; Series A $2M–$23M; Series B $4M–$10M
- Lead/follow: 60% lead, 40% follow
Portfolio highlights
- Haseel — The new concept to meet your needs of vegetables and fruits selects you the best crops and the best prices in a way that is consistent with your digital age.
- TruKKer — TRUKKER is one of the leading names of logistics & transportation companies in UAE, KSA, Egypt & across the GCC. We offer logistics & transport & truck rental services in the MENA Region. Call us on +971 600-524642.
- Eureka — Discover Eureka AI our App measurement tools and how we help you grow in the Digital economy
Salem Balhmar Real Estate
Show more...Investment focus
- Industry: Real Estate
- Stage:Seed
- Geography: Saudi Arabia
Investor stats
- Total investments: 1
- Lead/follow: no public data
Portfolio highlights
- Deal App — Deal App operates as an real estate app. Deal App designs an intricate digital solution by adopting the 'request-oriented business model', in which property seekers submit their requests through the app to receive appropriate offers directly from the active agents in the neighborhoods they are targeting.
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