Princess Reema tells Saudi women entrepreneurs to dream big atlanticcouncil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atlanticcouncil.org Daily Mail and Mail on Sunday newspapers.
JEDDAH: Saudi startups raised $76 million in the first quarter of 2021, a 137.5 percent increase on the previous quarter’s fundraising total of $32 million. Entrepreneurship platform Wamda said that $396 million was raised from 125 deals in the Middle East and North Africa in the first quarter of 2021. The UAE was the biggest market with 38 deals worth $256 million, while
500 Startups venture capitalist is positive about growth in Saudi market zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Amal Dokhan, who was one of the Kingdom’s first female venture capitalists (VCs) and recently joined Californian venture capital firm 500 Startups as a partner, is confident that the Saudi market will continue to grow in 2021.
A seasoned professional with experience in startup investments, corporate innovation and consulting in the Middle East and North Africa (MENA) region, Dokhan was in upbeat mood when she spoke to Arab News.
“What we are seeing now in 2021, the numbers will definitely increase when it comes to Saudi Arabia and the region as well. The reason is that last year, when it was not expected for things to increase, they actually turned out to be a positive year for many companies and startups, especially in fintech (financial technology),” she said.