H1 2025 Saudi Arabia Venture Capital Report (MAGNiTT)

Summary

• Saudi Arabia captured 56% of total MENA venture capital value and a record 37% of regional deals.p.7
• E-commerce/retail led with $306 million (36% of Saudi venture value), helped by Ninja's $250 million round.p.7
• Fintech venture value rose 275% YoY, supported by Tabby's $160 million mega deal, and 55% excluding mega rounds.p.7
• The UAE raised $447 million (+84%) and Egypt $185 million (+90%), against 1.55 billion in total MENA venture value.p.12
• Early-stage deals made up 89% of Saudi venture deals in H1 2025, the highest among the largest MENA markets.p.19

Key insights

1. Two mega deals worth $410 million (+215% YoY) were recorded, while non-mega venture value rose 67%.p.9
2. H1 2025 set a record of 114 deals, surpassing the previous peak of 97 deals in H1 2022.p.10
3. Fintech led deal count with 30 deals (+150%), followed by e-commerce/retail with 17 deals (+89%).p.16
4. Saudi Arabia and the UAE together accounted for 74% of all MENA deals.p.13
5. Since inception SVC has supported 59 funds, which backed 900+ startups and SMEs.p.27