A Record 270% Growth Rate, in Venture Capital, Posted

The venture capital (investment) experienced the implementation of investments, with a record value of SR2.55 billion, pumped into the Saudi startups, achieving a growth rate of 270% compared to 2020, while the number of deals, among the Saudi startups grew by more than 54 % compared to 2020, with a total of 139 deals, the Kingdom of Saudi Arabia report in the Year 2021 revealed.

It was issued by the MAGNiTT platform, specializing in data for venture capital relating to emerging companies, and sponsored by the Saudi Venture Investment company, established by the General Authority for Small and Medium Enterprises “Monsha’at”. Although 2020 was a positive year for venture investment, in the Kingdom, during the Year 2021, confirmed experiencing greater inflows, if the value of venture investments and the number of deals executed during the year, have set new records.

The Kingdom advanced from ranking the 3rd high to the 2nd place among the countries of the Middle East and North Africa (MENA) in terms of the total value of venture capital, accounting for 21% of the total investment value, in the region, up from a share of 15% in 2020.

The growth rate recorded between 2020 And 2021, in the value of venture capital, in Saudi Arabia is the highest among the three most active countries, in the region.

The number of investors who invested in Saudi startups rose to a new record high of 76 investors, achieving a growth rate of 52% compared to 2020.

The financial technology sector led the scene, in terms of the number of deals, while the e-commerce sector acquired the largest share of the investment value, among the venture one, in Saudi Arabia, during 2021.