SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
H1 2021 Saudi Arabia Venture Capital Report
 
H1 2021 Saudi Arabia Venture Capital Report

August 02, 2021:  As MAGNiTT continues to keep a close watch on the Saudi Arabian venture capital space, we release a new report on the ecosystem with the support of the Saudi Venture Capital Company (SVC). The half-yearly report is packed with detailed insights on the ecosystem’s evolution over the years and covers key aspects of venture activity in H1 2021.

Despite 2020 being a positive year for venture funding, 2021 has thus far witnessed a resurgence of sorts. The first half of the year saw half-yearly capital reach a record high, the equivalent of 94% of funding invested in Saudi startups in all of 2020. This was distributed across 41% fewer deals than in FY 2020. Yet, KSA saw its deal flow move closer to the top-ranked MENA ecosystem in the UAE, reducing the gap by 8x in just two years. Fintech startups were responsible for almost one-fourth of these transactions. E-commerce, on the other hand, saw a decline in its contribution to deals, as it did across MENA.


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 14963 times
PR Category : Banking & Investments
Posted on : Monday, August 2, 2021  2:25:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Previous Story : Tanmiah Lists on Saudi Exchange After Heavily Oversubscribed...
Next Story : Backbase Wins Best in Class Award in Small-Business Digital ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Pandora Introduces New Limited-Edition Charm in Support of Unicef [8466-Views]
M•A•C Cosmetics News: M•A•C X Rosalia [8405-Views]
Oral-B iO™, The Biggest Innovation in Oral Care History [8355-Views]
Big Crown ProPilot Big Date Bronze- Flair Time [7310-Views]
Global Music Stars Relaunch Pandora ME for the Creative Next Generation [6779-Views]
The Tonda PF Collection- A Purist's Delight for Those in the Know [6208-Views]
For Every Story, For Every Me [6206-Views]
New Program for Saudi Arabia Healthcare Professionals Targets Healthcare Management in Qatar [5188-Views]
TURKEY'S Rumeysa Gelgi is warded GUINNESS WORLD RECORDS™ Title for Tallest Woman Living with a Heigh... [5074-Views]
LG Releases Preliminary Earnings For Third-Quarter 2021 [4657-Views]
Kristina Fidelskaya — Spring / Summer 2022 Collection 'Peace' [3912-Views]
Get Festive with Benefit Cosmetics' Advent Calendar [3519-Views]
SHINE INTO THE LIGHT by Hanan Al Najadah [3499-Views]
To the Moon and Back: Pandora's new Moments Collection Celebrates Togetherness this Season [3465-Views]
TCS Saudi Arabia Wins World Leadership Congress Award [2935-Views]
Leading Saudi Companies Join BCG's Jeel Tamooh Virtual Career Fair As Program's Third Annual Edition... [2912-Views]
Records to Bounce, Flip and Soar for Guinness World Records Day 2021 [2788-Views]
SFD Highlights its Leading Role in Global Renewable Energy Initiatives in Conjunction with the Middl... [2444-Views]
New Ninjamas Nighttime Bedwetting Underwear Helps Kids To Conquer The Night [2318-Views]
50 Days to Go Interview: "Formula 1 provides a great platform to showcase the cultural and comm... [2063-Views]
 
RSS Facebook Twitter LinkedDin SaudiArabiaPR.com on Instagram
 
Top Sections
 
Top Stories