Capijal | Jalouqa Capital Consultancy LTD.

The World's Largest Tech Event 4th - 8th March 2024 | Riyadh, Saudi Arabia.

Capijal signed a cooperation agreement with Ankara University Teknokent.

The Saudi horizon is vast, and it's gleaming with golden opportunities for the discerning entrepreneur.

Saudi Arabia’s Crown Prince Mohammed bin Salman has launched a $200 million (SAR750 million) fund for early-stage investment in local and global high-tech companies, as part of King Abdullah University of Science and Technology (KAUST) strategy. The strategy, which aligns with the 2030 vision to diversify the kingdom’s economic resources, aims to transform research into economically productive innovations in sectors like health, sustainable environment and essential needs, energy and industrial leadership, and economies of the future. The initiative also aims to provide quality opportunities for researchers, faculty staff, and students, supporting them to apply science and research to create sustainable global impact by strengthening international and local partnerships.

New data shows the number of investors participating in the MENA VC ecosystem fell by 55 percent, from 353 investors in H1 ‘22 to 159 in H1 ‘23. UAE's Chimera Capital and Egypt's Flat6Labs lead by est capital deployed and number of deals respectively, while USA's Venom Ventures and Saudi-based AlJazira Capital lead the way by late-stage and early-stage capital deployment respectively.

Startups in the Middle East and North Africa region (Mena) raised $3.94 billion in 2022 across 795 deals, a rise of 24 per cent in investment value when compared to 2021 and a 22 per cent increase in the number of deals.

Spearheaded by gaming and financial technology industries, startups in Türkiye managed to raise a whopping $1.59 billion that was invested across some 300 deals in seed, early and later venture capital stages in 2022

Capijal prepares detailed and updated reports about the investments ecosystem in Turkey, besides preparing market and sectoral reports.