Get any 3 reports for $799 with MAGNiTT PRO!

2020 Saudi Arabia Venture Capital Report
January 2021

Saudi Arabia’s startup venture capital funding increased by 55% in 2020, reaching a record high of $152M



In cooperation with Saudi Venture Company (SVC), we release our 2020 Saudi Arabia Venture Report that gives a holistic overview of the latest trends in the country’s startup ecosystem.

 

This report includes venture investment analysis for Saudi Arabia’s transactions in 2020:

 

• Aggregation and analysis of all tech startup investments in Saudi Arabia (KSA)

• A list of the most active investors in Saudi Arabia (KSA), including venture capital (VC) investors, angel networks, and accelerator programs

• Analysis of the top funding rounds in Saudi Arabia in all sectors presenting an increasing trend of digital adoption in E-commerce, Education, and Transport

• Review of all Exits in Saudi Arabia (KSA) including Mergers and Acquisitions in 2020

 


هل تُفضّل الحصول على التقرير باللغة العربية؟ اضغط هنا



Against the backdrop of COVID-19, funding in Saudi Arabia-based startups has grown significantly faster than the average in MENA: the 17 countries in the region saw a 13% increase in total funding from 2019 to 2020, while Saudi Arabia’s startup funding grew by 55%. Furthermore, while the MENA region saw a 13% drop in the number of deals from 2019 to 2020, Saudi Arabia saw a 35% increase.

MAGNiTT founder & CEO Philip Bahoshy will be hosting key stakeholders from the Saudi ecosystem.
Wednesday the 3rd of Feb at 7:00PM KSA / 8:00PM UAE time. 

REGISTER FOR FREE


REPORT INSIGHTS:

• The fast-growing KSA ranked 3rd for total funding in MENA, as it catches up to the UAE and Egypt ranking 1st and second respectively.  

• In H1 2020, several high-profile funding rounds included Jahez ($36.5M), Nana ($18M), and Noon Academy ($13M). Each of these startups is notably active in industries that have seen a significant increase in adoption amid COVID-19: Jahez and Nana are active in food and grocery e-commerce, respectively, while Noon Academy focuses on the EdTech space. As a result, E-commerce obtained the top spot as the most active industry by both total funding (45%) and number of deals (20%)
• 2020 saw multiple large break-out deals in KSA, with the increase in the total funding amount partially attributable to KSA’s top-5 deals by funding amount that accounted for 56% of all the KSA-based startups in 2020.

 

• COVID-19 impact was observed in the second half of 2020 with a 63% decrease in deals compared to the first half of 2020.

 

E-commerce investments accounted for 45% of all venture funding in KSA. Transport climbed +13 spots in the rankings to 2nd for capital allocation.

 

• The full year's amount of $152M was mostly driven by a record H1 2020, with $111M raised in the first half of the year, surpassing the total amount raised in the year of 2019.
 



This report was created with data from MAGNiTT, which is a comprehensive directory of emerging tech and new business strategies through tools like:

Investment directories, a comprehensive list of all startup venture funding across the Middle East, North Africa, Pakistan and Turkey

Market sizing tools to visualize investment growth and trends across industries, geographies and stage

Startup resources including a deal flow tool for applications to leading Venture Capitalists for investment

Exit comparisons, looking at Mergers & Acquisitions from across the region

 

If you aren’t already a client, sign up for a free trial to learn more about our platform.


 

Data Insights