Lucidity Insights Staff

Today, Shazam has achieved over two billion downloads, and there are over 300 million monthly active users.

As part of Vision 2030, the Saudi government has set a target of achieving 70% cashless payments by 2030.

If you are a startup founder or an aspiring investor in Saudi Arabia, attending entrepreneurship conferences is a great way to stay up-to-date with the latest trends and opportunities in the Kingdom's business landscape, and to network with other entrepreneurs, investors, and experts.

In this article, we have listed some of the most notable and active angel investor groups in Saudi Arabia, in no particular order.

Since its inception in 2015, Raed has quickly established itself as a leading player in the MENA startup ecosystem, and it has invested in 39 portfolio companies.

Accelerators typically run for a set period of time, ranging from a few weeks to a few months, and they often include a structured curriculum or program of events designed to assist startups in learning and growing.

500 Global is a global venture capital firm headquartered in San Francisco, United States, that invests across stages with a focus on technology and innovation.

Saudi Arabia is geared to reach its goal of 70% cashless transactions before 2025.

Since 2017, the number of local venture capitalists have ballooned, predominantly investing in seed-stage and early-stage startups.