# VC firms based in Saudi Arabia (2026 list)

> 213 VC firms based in Saudi Arabia, 9% active in the last 12 months. Led by S3 Ventures, Vision Ventures, Raed Ventures. Ranked by what they funded.

Source: https://millionrounds.com/lists/vc-firms-based-in-saudi-arabia (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# VC firms based in Saudi Arabia

Updated 7 November 2026

VC firms headquartered in Saudi Arabia.

[See all 213 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-saudi-arabia)The top 25

**213** investors on the list No change this week

**55** cheques in 12 months *-2%* against the market

**$8.1M** median round they joined *+1%* against the market median

**9%** wrote a cheque in 12 months

**7%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (11)

- 1 [S3 Ventures](https://millionrounds.com/fund/s3-ventures) *Deploying now* VC firm · Saudi Arabia **97** **$11M** median round **Nov 2026** last seen
- 2 [Vision Ventures](https://millionrounds.com/fund/vision-ventures) *Deploying now* VC firm · Saudi Arabia **91** **$3.9M** median round **Sept 2026** last seen
- 3 [Raed Ventures](https://millionrounds.com/fund/raed-ventures) *Deploying now* VC firm · Saudi Arabia **6** **$20M** median round **Oct 2026** last seen
- 4 [Wa'ed Ventures](https://millionrounds.com/fund/wa-ed-ventures) *Deploying now* VC firm · Saudi Arabia **6** **$12M** median round **Oct 2026** last seen
- 5 [Impact46](https://millionrounds.com/fund/impact46) *Deploying now* VC firm · Saudi Arabia **5** **$3.4M** median round **Feb 2026** last seen
- 6 [Outliers Venture Capital](https://millionrounds.com/fund/outliers-venture-capital) *Deploying now* VC firm · Saudi Arabia **5** **$5M** median round **Oct 2026** last seen
- 7 [Inspire Ventures](https://millionrounds.com/fund/inspire-ventures) quiet VC firm · Saudi Arabia **4** **$5M** median round **May 2015** last seen
- 8 [Khwarizmi Ventures](https://millionrounds.com/fund/khwarizmi-ventures) *Deploying now* VC firm · Saudi Arabia **4** **$24M** median round **Sept 2026** last seen
- 9 [STV](https://millionrounds.com/fund/stv) quiet VC firm · Saudi Arabia **4** **$55M** median round **Aug 2025** last seen
- 10 [Kirnaf LTD](https://millionrounds.com/fund/kirnaf-ltd) quiet VC firm · Saudi Arabia **3** **$11M** median round **Sept 2008** last seen
- 11 [Mobily Ventures](https://millionrounds.com/fund/mobily-ventures) quiet Micro VC · Saudi Arabia **3** **$4.3M** median round **Aug 2015** last seen
- 12 [Riyad TAQNIA Fund (RTF)](https://millionrounds.com/fund/riyad-taqnia-fund) quiet VC firm · Saudi Arabia **3** **$5M** median round **Dec 2019** last seen
- 13 [Garage](https://millionrounds.com/fund/garage) *Deploying now* VC firm · Saudi Arabia **2** **$17M** median round **Jul 2026** last seen
- 14 [MERCED](https://millionrounds.com/fund/merced) quiet VC firm · Saudi Arabia **2** **$525K** median round **May 2014** last seen
- 15 [Nama Ventures](https://millionrounds.com/fund/nama-ventures) quiet VC firm · Saudi Arabia **2** **$1.5M** median round **Dec 2024** last seen
- 16 [SVC](https://millionrounds.com/fund/svc) quiet VC firm · Saudi Arabia **2** **$77M** median round **Jul 2025** last seen
- 17 [Saudi Venture Capital](https://millionrounds.com/fund/saudi-venture-capital) *Deploying now* VC firm · Saudi Arabia **2** **$14M** median round **Sept 2026** last seen
- 18 [Sukna Ventures](https://millionrounds.com/fund/sukna-ventures) quiet VC firm · Saudi Arabia **2** **$6.5M** median round **Jul 2025** last seen
- 19 [The Arab Energy Fund](https://millionrounds.com/fund/the-arab-energy-fund-taef) *Deploying now* VC firm · Saudi Arabia **2** **$2B** median round **Oct 2026** last seen
- 20 [Elm](https://millionrounds.com/fund/elm) *Deploying now* VC firm · Saudi Arabia **2** **$5.7M** median round **Oct 2026** last seen
- 21 [Al Faisaliah Ventures](https://millionrounds.com/fund/al-faisaliah-ventures) quiet VC firm · Saudi Arabia **1** **$39M** median round **Jul 2025** last seen
- 22 [Al Sanie Group](https://millionrounds.com/fund/al-sanie-group) quiet VC firm · Saudi Arabia **1** **$4M** median round **Jan 2015** last seen
- 23 [Alpha Investment](https://millionrounds.com/fund/alpha-investment-company) quiet VC firm · Saudi Arabia **1** **$2.3M** median round **Jun 2013** last seen
- 24 [Alturki Holding](https://millionrounds.com/fund/al-turki-group) quiet VC firm · Saudi Arabia **1** **$1.3M** median round **Dec 2018** last seen
- 25 [Beta Lab](https://millionrounds.com/fund/beta-lab) quiet VC firm · Saudi Arabia **1** **$8.1M** median round **Oct 2025** last seen

**188 more on this list**

All 213 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-saudi-arabia)

## The Newest Cheques

Rounds this list's investors joined most recently

- **1** Nov **[Medical Microinstruments](https://millionrounds.com/company/medical-microinstruments)** Series D+ · $125M *With* [S3 Ventures](https://millionrounds.com/fund/s3-ventures)
- **24** Oct **[INVE](https://millionrounds.com/company/inve)** Pre-seed · $300K *Led by* [Outliers Venture Capital](https://millionrounds.com/fund/outliers-venture-capital)
- **19** Oct **[Vrtx](https://millionrounds.com/company/vrtx)** Pre-seed · $3.6M *With* [Sadu Capital](https://millionrounds.com/fund/sadu-capital)
- **13** Oct **[Sainaptic](https://millionrounds.com/company/sainaptic)** Seed · $1.3M *With* [Elm](https://millionrounds.com/fund/elm)
- **12** Oct **[MMI](https://millionrounds.com/company/mmi)** Series D+ · $125M *With* [S3 Ventures](https://millionrounds.com/fund/s3-ventures)
- **11** Oct **[Autobia](https://millionrounds.com/company/autobia)** Series A · $12M *With* [Wa'ed Ventures](https://millionrounds.com/fund/wa-ed-ventures)

## Stages This Year

52 rounds

- Series A **33%**
- Seed **15%**
- Series B **13%**
- Pre-seed **13%**
- Venture **10%**
- Other **15%**

## What They Backed

Sectors, last 12 months

- AI **18**
- Financial Services **7**
- Healthcare **6**
- Fintech **6**
- Construction **5**
- Enterprise Software **4**

## Cheques by Quarter

Led Joined

15 Q1 25

12 Q2 25

20 Q3 25

15 Q4 25

10 Q1 26

13 Q2 26

19 Q3 26

8 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states)
- [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states)
- [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom)
- [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china)
- [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india)
- [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada)
- [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany)
- [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom)
- [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about VC firms based in Saudi Arabia

### Who are the most active VC firms based in Saudi Arabia?

By cheques observed, the most active are S3 Ventures, Vision Ventures, Raed Ventures, Wa'ed Ventures and Impact46.

### How many VC firms based in Saudi Arabia are there?

213 are on record. 9% made an investment in the last 12 months and 7% have led a round.

### Which stages do VC firms based in Saudi Arabia back?

Of the rounds with a named stage in the last 12 months, mostly Series A (40%) and Seed (19%).

### How big are the rounds VC firms based in Saudi Arabia join?

The typical (median) round among the leading investors here is $6.5M.

### Which sectors do VC firms based in Saudi Arabia back most?

In the last 12 months, mostly AI, Financial Services and Healthcare.

### Which VC firms based in Saudi Arabia lead the most rounds?

S3 Ventures (7 led), Impact46 (4 led) and Outliers Venture Capital (4 led).

### What have VC firms based in Saudi Arabia invested in recently?

Recent rounds include Medical Microinstruments (Series D+, Nov 2026, with S3 Ventures), INVE (Pre-seed, Oct 2026, with Outliers Venture Capital) and Vrtx (Pre-seed, Oct 2026, with Sadu Capital).

### How is this list of VC firms based in Saudi Arabia ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)