{"id":20425,"date":"2024-03-05T18:17:34","date_gmt":"2024-03-05T15:17:34","guid":{"rendered":"https:\/\/entarabi.com\/?p=20425"},"modified":"2024-03-11T22:54:16","modified_gmt":"2024-03-11T19:54:16","slug":"saudi-arabia-strengthens-its-leading-position-in-the-world-of-technology-launch-of-several-investment-funds-at-leap","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/03\/saudi-arabia-strengthens-its-leading-position-in-the-world-of-technology-launch-of-several-investment-funds-at-leap\/","title":{"rendered":"Saudi Arabia strengthens its leading position in the world of technology: Launch of several investment funds at LEAP"},"content":{"rendered":"<p>On the <a href=\"https:\/\/entarabi.com\/en\/2024\/03\/leap-on-its-second-day-sponsors-financing-rounds-worth-53-4-million-for-6-entrepreneurial-companies\/\">second day of the LEAP conference<\/a> in Saudi Arabia, the new session emphasized the Kingdom&#8217;s position as a global leader in digital technology by launching several leading investment funds.<\/p>\n<p>Among the notable announcements of the investment funds:<\/p>\n<ol>\n<li><a href=\"https:\/\/entarabi.com\/en\/2024\/03\/investcorp-invests-130-million-in-a-pre-ipo-financing-round-in-sala\/\">Investcorp<\/a> launched a $500 million fund dedicated to investing in emerging growth companies, in collaboration with SVC, which committed $35 million.<\/li>\n<li>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.<\/li>\n<li><a href=\"https:\/\/takamolventures.com.sa\/en\" rel=\"nofollow noopener\" target=\"_blank\">Takamol Ventures<\/a> launched a $50 million fund to invest in startups in the Middle East and Africa.<\/li>\n<li>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.<\/li>\n<li><a href=\"https:\/\/www.unifonicx.com\/\" rel=\"nofollow noopener\" target=\"_blank\">X by Unifonic<\/a> launched a $15 million investment fund for emerging SaaS companies in the Middle East and North Africa region.<\/li>\n<li>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.<\/li>\n<li><a href=\"https:\/\/entarabi.com\/en\/2024\/01\/impact46-announces-refreshed-logo-and-branding\/\">Impact46<\/a> 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.<\/li>\n<\/ol>\n<p>These initiatives reflect the Kingdom&#8217;s commitment to supporting innovation and enhancing technological infrastructure, reinforcing its leading role in technological innovation both domestically and globally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the second day of the LEAP conference in Saudi Arabia, the new session emphasized the Kingdom&#8217;s position as a global leader in digital technology by launching several leading investment funds. Among the notable announcements of the investment funds: Investcorp launched a $500 million fund dedicated to investing in emerging growth companies, in collaboration with [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":20422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[3458,1772],"tags":[],"class_list":["post-20425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-leap","category-startups"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/20425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=20425"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/20425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/20422"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=20425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=20425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=20425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}