Latest news with #SVC
Leaders
13 hours ago
- Business
- Leaders
Saudi Arabia Leads MENA in VC Investment for H1 2025
Saudi Arabia retained its position as the top recipient of venture capital (VC) investment in the MENA region during the first half of 2025, according to the H1 2025 MENA Venture Investment Report by MAGNiTT. The Kingdom recorded a total VC investment of $860 million (SAR 3.2 billion), surpassing its full-year total for 2024. This milestone highlights the ongoing economic transformation driven by Saudi Vision 2030, which aims to diversify and strengthen the national economy. With 56% of the region's total VC funding in H1 2025, Saudi Arabia secured the largest share among MENA countries. The country also registered a record-breaking 114 VC deals during the same period, reinforcing its position as the region's most dynamic investment hub. These achievements underscore the Kingdom's growing appeal to investors and its progress toward building a vibrant, competitive business environment. Vision 2030 Driving Investment Growth Commenting on the report, Dr. Nabeel Koshak, CEO and Board Member at Saudi Venture Capital (SVC), credited government-led initiatives under Vision 2030 for the Kingdom's continued dominance in the regional VC landscape. He also emphasized that these efforts have been crucial in energizing the startup and VC ecosystem. 'At SVC, we remain committed to accelerating this momentum by encouraging private investors to support startups and SMEs,' said Dr. Koshak. 'This support is essential for fostering rapid, sustainable growth and achieving the broader goals of Vision 2030, including economic diversification and increased private sector participation.' Related Topics : KAUST Researchers Embark on Groundbreaking OceanQuest Expedition Around Africa Saudi Researchers Unveil Revolutionary Nanoplastic for Sustainable Street Lighting What is Research & Development? How Can You Implement It Effectively in Your Business? KAUST Accelerates Scientific Research with 67 Projects in AI, Cybersecurity, Bioinformatics Short link : Post Views: 26
Arabian Business
13 hours ago
- Business
- Arabian Business
Saudi Arabia leads MENA venture capital with $860m in H1 2025, surpassing 2024 total
Saudi Arabia has reinforced its dominance in the Middle East and North Africa's venture capital landscape, securing the top spot in H1 2025 with a total VC funding of $860m (SR3.2bn) — already surpassing the Kingdom's full-year VC total for 2024. The 'H1 2025 MENA Venture Investment Report' from venture data platform MAGNiTT revealed that Saudi Arabia accounted for 56 per cent of total capital deployed across the MENA region, underscoring its pivotal role in shaping the region's startup and innovation economy. The Kingdom also saw a record-breaking 114 VC deals during the first six months of the year, signalling robust investor confidence and continued momentum in startup activity. Saudi VC funding This milestone aligns closely with the goals of Saudi Vision 2030, which has positioned venture capital and entrepreneurship as key pillars for diversifying the Kingdom's economy and reducing dependency on oil. Dr. Nabeel Koshak, CEO and Board Member at SVC, said: 'The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs. 'We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030.' SVC, a subsidiary of the SME Bank under the National Development Fund (NDF), plays a central role in enabling early-stage and growth-stage companies by investing in funds and directly in startups, from pre-Seed to pre-IPO. With Saudi Arabia now representing more than half of all VC funding in the region, the report confirms that the Kingdom's startup landscape is entering a new phase of maturity, fuelled by public-private partnerships, policy reform, and sustained investor appetite.
Arab News
17 hours ago
- Business
- Arab News
Saudi Arabia tops MENA VC rankings with $860m in H1: MAGNiTT
RIYADH: Saudi Arabia led venture capital activity in the Middle East and North Africa in early 2025, raising $860 million — a 116 percent annual jump — backed by sovereign support and foreign interest. In its latest report, regional venture platform MAGNiTT revealed that the Kingdom witnessed 114 deals in the first half of the year, marking a significant 31 percent rise compared to the same period in 2024. This comes on the back of a strong 2024 performance, when Saudi Arabia retained its position as the most funded MENA country for VC for the second consecutive year. Startups raised $750 million, with a 34 percent increase in deal funding rounds below $100 million – dubbed MEGA deals – reflecting growing early- and mid-stage capital formation, according to a report released earlier this year by MAGNiTT and SVC. In its latest report for the first half, MAGNiTT stated: 'This growth was supported by continued sovereign capital activity, event-driven momentum from LEAP, and early-stage programs backed by new funds and accelerators.' Saudi Arabia ranked second among emerging venture markets in total VC funding, trailing only Singapore, which raised $1.28 billion across 120 deals in the first half. However, Singapore's funding declined 37 percent year on year, while the number of deals dropped 31 percent. 'The drop (in Singapore) signals a continued cooldown in late-stage deployment and foreign investor activity amid macro headwinds,' the report stated. Among emerging markets, Saudi Arabia was followed by the UAE, which raised $447 million in funding in the first six months of the year, a rise of 84 percent year on year. The UAE also matched Saudi Arabia in deal count, recording 114 deals, up 10 percent compared to the same period last year. This was driven by increased international participation, which reached its highest level in the Emirates since the first half of 2020. Elsewhere, Turkiye raised $226 million, followed by Vietnam at $216 million, Egypt at $185 million, and South Africa at $183 million. Nigeria raised $158 million, while Indonesia and Kenya secured $102 million and $71 million, respectively. The report further noted that fintech was the leading sector across all three EVM regions in the first half, accounting for 45 percent of VC funding in Southeast Asia, 38 percent in the Middle East, and 45 percent in Africa. 'The bulk of this activity was concentrated in payment solutions and lending platforms, which emerged as the dominant fintech subsectors,' added the report. Meanwhile, mergers and acquisitions activity across emerging venture markets saw 55 transactions in the first half, marking a 31 percent increase compared to the same period last year.
Syyaha
19 hours ago
- Business
- Syyaha
Saudi Arabia Maintains its First Rank Across MENA for Venture Capital Investment in H1 2025
The 'H1 2025 MENA Venture Investment Report' revealed that Saudi Arabia maintained its first rank across MENA in terms of Venture Capital (VC) funding in H1 2025, witnessing a total VC deployment of $860 Million (SAR 3.2 billion), surpassing the total VC funding of 2024 (full year). This achievement reflects the development the Kingdom is witnessing in various economic and financial sectors in light of the Saudi Vision 2030 and its goals to strengthen the national to the report published today by the venture data platform MAGNiTT, the Kingdom captured the highest share of total VC funding in the MENA region in H1 2025, accounting for 56% of the total capital deployed in the region. The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025. This confirms the attractiveness of the Saudi market, enhances its competitive environment, and consolidates the strength of the Kingdom's economy as the largest economy in MENADr. Nabeel Koshak, CEO and Board Member at SVC, commented: 'The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs. We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030.' SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund (NDF). SVC aims to stimulate and sustain financing for Startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.
Zawya
21 hours ago
- Business
- Zawya
Saudi Arabia maintains its first rank across MENA for venture capital investment in H1 2025
Riyadh, Saudi Arabia – The "H1 2025 MENA Venture Investment Report" revealed that Saudi Arabia maintained its first rank across MENA in terms of Venture Capital (VC) funding in H1 2025, witnessing a total VC deployment of $860 Million (SAR 3.2 billion), surpassing the total VC funding of 2024 (full year). This achievement reflects the development the Kingdom is witnessing in various economic and financial sectors in light of the Saudi Vision 2030 and its goals to strengthen the national economy. According to the report published today by the venture data platform MAGNiTT, the Kingdom captured the highest share of total VC funding in the MENA region in H1 2025, accounting for 56% of the total capital deployed in the region. The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025. This confirms the attractiveness of the Saudi market, enhances its competitive environment, and consolidates the strength of the Kingdom's economy as the largest economy in MENA. Dr. Nabeel Koshak, CEO and Board Member at SVC, commented: "The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs. We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030." SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund (NDF). SVC aims to stimulate and sustain financing for Startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.
