Mind the Gap Update: Unlocking Technology Unicorns by Fueling KSA Native Growth-Stage Funds
Over the last 5 years, approximately $5 billion in VC capital was deployed in KSA, leading to the emergence of 9 unicorns [p.2].
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STV funder profile · Venture capital: investments, deals, charts and reports
Over the last 5 years, approximately $5 billion in VC capital was deployed in KSA, leading to the emergence of 9 unicorns [p.2].
The report foresees around ten GCC-based Gen AI companies worth $1-3 billion each within the next five years, with at least $23b of cost efficiencies.
Over the past five years, the MENA region funded more than 2,000 startups with over $9.0 billion in equity investments.
More than 55% of the MENA population is under 30 years old, with an average daily social media consumption of 3.5 hours.
Venture capital investments in Saudi Arabia could grow tenfold from $50 million in 2018 to $500 million annually by 2025.
The global e-commerce industry grew to become a $2.2 trillion market expanding at an annual rate of 24%, four times faster than total global retail.