Saudi Arabia accounted for 52% of the total capital deployed in the region in 2023 Riyadh, Saudi Arabia – The “2023 Saudi Arabia Venture Capital Report” revealed that Saudi Arabia was the most funded country in the MENA region in terms of the amount of VC funding in 2023, which witnessed a record total VC deployment of $1.4Bn (SAR 5.2Bn), up by 33% compared to 2022 and crossing the $1Bn mark for the second consecutive year, despite the decline witnessed in regional and global VC markets. According to the report published today by the venture data platform MAGNiTT, and sponsored by SVC, the Kin…
