Erika Masako Welch | Page 2

The report is packed full of insights and data, as well as opinions from thought leaders on global trade and net zero.

What started as a humble family business in Kuwait has grown into a thriving enterprise driven by a passionate team with over a decade of experience working together.

Operating on a B2B SaaS model, Yango Tech enables retailers to enter the online market, and open new revenue streams from e-commerce, and e-grocers to improve operational efficiency.

Time will tell if the venture capital winter has taken hold of the sector in 2023, but preliminary data for the year show a slowdown in foodtech exits.

Only a third of the workforce at the largest tech companies are women. But despite the odds, these remarkable women with roots in the Middle East are making their impact on Silicon Valley.

With a series of visionary initiatives and investments in cutting-edge technology, Dubai is well on its way to achieving its digital ambitions.

Web3 is being hailed as "the future of the internet," and the next big technological revolution.

For many cities in the MENA, Dubai is a shining example of what it takes to become a global hub for entrepreneurship.

Of the 306 scaleups that are headquartered in Dubai, 64 were added in 2022, indicating an acceleration of scaleup activity in the city.

A new report published by Lucidity Insights in partnership with Entrepreneur Middle East and Nigerian fintech player NowNow details the the fintech opportunity in Africa.

Entrepreneur Middle East and Lucidity Insights partnered with Diriyah Company to launch a special report titled, "Diriyah And The Giga Projects Defining The New Saudi Arabia."

The Vision 2030 is based on three pillars that would transform the Kingdom economically and socially: an ambitious nation, a thriving economy, and a vibrant society.

Saudi Arabia is a large emerging market consisting of a young, tech-hungry consumer base with great infrastructure in place to satiate that appetite.

As the market matures, investors need to be careful to allocate larger portions of their funds to invest in subsequent rounds with their startups, or to raise additional funds to write bigger checks.

To provide an overview of some of the most important stakeholders in Saudi Arabia's startup ecosystem, here's a non-exhaustive list of 11 organizations and institutions.

"I've noticed that many women hesitate, and want to 'be better prepared' before they start anything. Today, my biggest piece of advice is to just start."

Wa'ed Ventures is a US$500 million venture fund investing in the next generation of transformative startups which are taking advantage of disruptive technologies.

"We are backing the Asanas, Stripes, and PayPals of the Saudi market."

With over US$800 million in capital, STV backs and scales the region's most exciting and disruptive technology companies, primarily focused on growth-stage technology.

Saudi Venture Capital Company is a government-backed investment company with US$1.5 billion in assets under management, aiming to stimulate and sustain financing for startups and SMEs from pre-seed to pre-initial public offering.

Jahez achieved this stellar exit within five years of establishing itself, while delivering a cumulative 100 million meals to Saudi customers through 19,900 merchants and 52,400 delivery partners.

This list has been compiled for (Saudi) startup founders to get familiar with- in case you might approach them in the future, to assess their impact on your cap table.

37% of Hala Ventures' portfolio companies are Saudi-based, with 10 deals inked in the Kingdom so far.

For a startup ecosystem still in its infancy, and for a country that traditionally had very few women in the general workforce to begin with, it's remarkable how far KSA has come in such a short period of time.

Saudi Arabia may be relatively new on its entrepreneurial and digital economy journey, but the Kingdom's laser focus on developing a strong entrepreneurial ecosystem has helped startup activity grow, and quickly.

Hazen.ai is a company that uses computer vision and deep learning to design intelligent traffic analytic software to help reduce road accidents.

Since its establishment in 2016 in Dammam, Vision Ventures has invested in 47 companies, 20 of which are Saudi-based.

"The good news is that we are seeing a gradual evolution and shift, and we hope the next wave of VCs will fill these white spaces."

The beta version of itsnuqtah.com was launched in September 2022, hosting hundreds of live non-fungible tokens (NFTs) and with 3000+ users on a waitlist.

Many international VCs that have started to keep an eye on the Saudi market are also assessing it as a potential market for their international portfolio companies.