In the first quarter of 2025, Saudi Arabia captured 58% of all MENA venture funding and accounted for 41% of transactions, far outpacing regional peers. The Kingdom achieved an 87% year-on-year increase in non-mega deal funding and a 437% rise in Series A and B rounds, supported by sizable transactions such as those by Ula.me and Merit Incentives, each raising $28 million.

Source: Arab News