The Q3 2022 Saudi Arabia (KSA) Venture Investment Report is one of MAGNiTT's flagship reports that provides a quarterly update on the venture capital and startup ecosystem in the Kingdom. 

Saudi Arabia saw a positive performance in the first three quarters of the year, defying the slow trend in the global ecosystem. The Kingdom saw a significant growth at the level of funding, rising by 93% annually and crossing $818M over 106 deals. The value surpassed the record funding of FY 2021 by 50% and took over a share of 35% of the total funding in the MENA region.

To learn more about this report and access the underlying data, contact our team.

KSA Startup Ecosystem in Q3 2022 - Key Highlights

• Saudi Arabia’s total VC funding increased by 93% year-on-year to reach $818M in the first three quarters of 2022
• Q3 saw the lowest funding value and number of deals in 2022 with $ 232M across 18 deals.
• Saudi Arabia was the only country in EVMs that recorded Mega Deals in Q3 2022.
• FinTech captured the lion’s share with funding value rising by an annual 266% spread over 22 deals in the first nine months of 2022
• Q3 saw only 1 exit, bringing the total number of exits in Saudi Arabia to 6, a single exit higher than FY 2021


What’s In The Report? 

This quarterly report provides a comprehensive overview and a deep dive into the KSA venture capital and funding investment space and includes the following: 


A 5-year analysis of KSA venture funding evolution, with a focus on 2022 YTD country and industry performance

Top 20 investor ranking, together with the investor type and HQ analysis of all investment firms in the region

Top 20 startup funding rounds that were closed during the analyzed period, as well as the ticket size split of the entire deal flow

A 5-year KSA exit evolution with country benchmark breakdown 

Top 10 last exits recorded by KSA-based startups

Who will benefit from the report?

This report is ideal for investors tracking startup activity, consultants looking to identify technology innovation trends, as well as government entities searching for investments.

This report was created with data from MAGNiTT, a comprehensive directory of technology innovation trends. The platform provides the following analytics tools:

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

Market Sizing Tools to visualize investment growth and trends across industries, geographies, and stage

Comparison Tools to benchmark geographies, industries and investor performance

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

Learn how MAGNiTT's proprietary data can help your business. Contact us now!

*This report aggregates and analyses tech startup investments in 17 countries in the Middle East and North Africa - listed alphabetically: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia (KSA), Syria, Tunisia, United Arab Emirates (UAE), and Yemen.