Saudi Arabia VC Funding Hits $860 Million to Surpass 2024 Total

Saudi Arabia attracted SR 3.2 billion ($860 million) in venture capital during the first half of 2025, surpassing the kingdom’s total VC deployment for the entirety of 2024. According to a new report from the Saudi Venture Capital Company (SVC), this marks a 116% year-on-year increase and positions Saudi Arabia as the leading destination for startup investment in the MENA region.

In total, 114 VC-backed deals were closed in H1 2025, a 31% increase compared to the same period last year. The surge in activity saw Saudi Arabia account for 37% of all deals in the region, setting a new national record for both capital and volume.

E-commerce startups led funding value, receiving SR 1.1 billion ($306 million), while fintech startups registered the highest deal count, with 30 transactions making up 26% of the total. Other high-growth sectors included healthcare, logistics, and artificial intelligence.

The new figures reflect continued momentum in Saudi Arabia’s startup economy, which has seen consistent support from public and private sector programmes aimed at diversifying the national economy and encouraging innovation-led growth.