Business · Companies · 1 hr ago
Saudi Venture Deals Fall 35% as Capital Raised Rises
Saudi Arabia’s venture capital market saw 35% fewer deals, while the amount of capital raised increased.
The figures come from a new report by Magnitt, a venture capital data company.
Across the Middle East and North Africa, mega-rounds raised $1.5 billion so far this year.
Those large deals are masking a broader decline in startup deal activity.
This means more money is going to a smaller number of large investments, while activity across the wider startup ecosystem is contracting.
The figures show a split between rising total capital and fewer deals.
The report does not say what will happen next.
Saudi venture capital deal activity has fallen 35%, according to the story headline.
A Magnitt report says mega-rounds have raised $1.5 billion so far this year.
The report says those large deals mask a contraction in activity across the broader startup ecosystem.
Magnitt founder and CEO Philip Bahoshy discussed the report with Bloomberg’s Abeer Abu Omar.
- Who
- Saudi venture capital market participants, including startups and investors.
- What
- Deal activity has fallen 35%, while mega-rounds have raised $1.5 billion so far this year.
- When
- So far in 2026, according to the report published on October 12, 2026.
- Where
- Saudi Arabia; the report also describes the wider Middle East and North Africa venture capital market.
- Why
- Not stated
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Mega-rounds have raised $1.5 billion, according to the Magnitt report.
Philip Bahoshy discussed Magnitt’s report with Bloomberg’s Abeer Abu Omar.
- Change in deal activity
- Down 35%
- Mega-round capital raised
- $1.5 billion so far this year
- Report source
- Magnitt
- Published
- October 12, 2026
Sources
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