The flag of the Kingdom of Saudi Arabia is illustrated. The Kingdom reported the highest VC growth across MENA In 2025.
Saudi Arabia recorded the strongest growth in venture capital (VC) investment in the Middle East and North Africa (MENA) region in 2025, with funding rising 145% year on year to $1.72 billion, the highest level since 2018, according to available data. 
Data from MAGNiTT, which tracks startup activity across MENA, showed that Saudi Arabia became the region’s most active market by deal count for the first time, with about 257 transactions, up 45% from the previous year.
The Kingdom also maintained its lead in venture capital value across MENA for a third consecutive year, accounting for more than 50% of total VC investment in 2025.
Overall, venture capital investment across the MENA region reached around $3.43 billion, spread across approximately 581 deals, with about 433 investors active during the year.
No. of Deals and VC Value since 2018-Start**
Year
Deals
Deal Value
($ mln)
Change
2018
56
59
—
2019
73
116
+97%
2020
93
154
+ 33%
2021
154
598
+282%
2022
161
1022
+74%
2023
153
1343
+31%
2024
178
750
(44%)
2025
257
1720
+145%
Singapore ranked first globally in terms of venture capital investment, with funding totaling $3.09 billion, followed by Saudi Arabia, and then the UAE with $1.58 billion.
Global Ranking
Country
Deal Value
($ mln)
No. of Deals
Value Growth
Singapore
3086
274
(11%)
Saudi Arabia
1720
257
+145%
UAE
1578
231
+67%
Turkey
628
175
(24%)
South Africa
376
56
+91%
Indonesia
369
70
(24%)
The fintech sector remained the largest recipient of venture capital in 2025, attracting $3.5 billion in funding. E-commerce and retail came second with more than $1 billion, supported by large deals such as Saudi-based Ninja’s $254 million round.
Enterprise software ranked third, with investments totaling $758 million.
Top Sectors by Investments in 2025
Sector
Value ($ mln)
Growth
Fintech
3549
(12%)
E-commerce/Retail
1006
+10%
Enterprise Software
758
+14%
IT Solutions
609
(23%)
Energy
452
+226%
E-Gaming
417
+8%
Healthcare
361
+133%
Sports
309
+266%
Transport and Logistics Services
297
(20%)
IT and Communication
284
+1,153%
The flag of the Kingdom of Saudi Arabia is illustrated. The Kingdom reported the highest VC growth across MENA In 2025.
Saudi Arabia recorded the strongest growth in venture capital (VC) investment in the Middle East and North Africa (MENA) region in 2025, with funding rising 145% year on year to $1.72 billion, the highest level since 2018, according to available data.
Data from MAGNiTT, which tracks startup activity across MENA, showed that Saudi Arabia became the region’s most active market by deal count for the first time, with about 257 transactions, up 45% from the previous year.
The Kingdom also maintained its lead in venture capital value across MENA for a third consecutive year, accounting for more than 50% of total VC investment in 2025.
Overall, venture capital investment across the MENA region reached around $3.43 billion, spread across approximately 581 deals, with about 433 investors active during the year.
No. of Deals and VC Value since 2018-Start**
Year
Deals
Deal Value
($ mln)
Change
2018
56
59
—
2019
73
116
+97%
2020
93
154
+ 33%
2021
154
598
+282%
2022
161
1022
+74%
2023
153
1343
+31%
2024
178
750
(44%)
2025
257
1720
+145%
Singapore ranked first globally in terms of venture capital investment, with funding totaling $3.09 billion, followed by Saudi Arabia, and then the UAE with $1.58 billion.
Global Ranking
Country
Deal Value
($ mln)
No. of Deals
Value Growth
Singapore
3086
274
(11%)
Saudi Arabia
1720
257
+145%
UAE
1578
231
+67%
Turkey
628
175
(24%)
South Africa
376
56
+91%
Indonesia
369
70
(24%)
The fintech sector remained the largest recipient of venture capital in 2025, attracting $3.5 billion in funding. E-commerce and retail came second with more than $1 billion, supported by large deals such as Saudi-based Ninja’s $254 million round.
Enterprise software ranked third, with investments totaling $758 million.
Top Sectors by Investments in 2025
Sector
Value ($ mln)
Growth
Fintech
3549
(12%)
E-commerce/Retail
1006
+10%
Enterprise Software
758
+14%
IT Solutions
609
(23%)
Energy
452
+226%
E-Gaming
417
+8%
Healthcare
361
+133%
Sports
309
+266%
Transport and Logistics Services
297
(20%)
IT and Communication
284
+1,153%
