Saudi Arabia strengthens its leading position in the world of technology: Launch of several investment funds at LEAP

On the second day of the LEAP conference in Saudi Arabia, the new session emphasized the Kingdom’s position as a global leader in digital technology by launching several leading investment funds.

Among the notable announcements of the investment funds:

1. Investcorp launched a $500 million fund dedicated to investing in emerging growth companies, in collaboration with SVC, which committed $35 million.
2. Oasis announced the launch of its second $100 million fund to support early-stage startups in the Kingdom and the Middle East and North Africa region.
3. Takamol Ventures launched a $50 million fund to invest in startups in the Middle East and Africa.
4. Plug and Play introduced a $50 million fund to invest in early-stage startups in the Kingdom, the Middle East, and North Africa, the first of its kind in the region.
5. X by Unifonic launched a $15 million investment fund for emerging SaaS companies in the Middle East and North Africa region.
6. Merak Capital announced the launch of an investment and accelerator fund for electronic sports and gaming worth $80 million, in partnership with Ignite, Saudi eSports, the Social Development Bank, and the National Development Fund.
7. Impact46 announced the launch of a $40 million fund for gaming and electronic sports in partnership with Ignite, Saudi eSports, the Social Development Bank, and the National Development Fund.

These initiatives reflect the Kingdom’s commitment to supporting innovation and enhancing technological infrastructure, reinforcing its leading role in technological innovation both domestically and globally.