Saudi venture capital funds to tap into FinTech, e-commerce, health segments in 2021

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Sat, 2021-02-06 08:51

Venture capital (VC) activity grew significantly in Saudi Arabia in recent years, with start-ups recording a 55 percent year-on-year (YoY) jump in funding in 2020, according to a recent report by MAGNiTT.

In the wake of COVID-19, a few sectors in the Kingdom emerged as frontrunners for VC funding as the pandemic rapidly accelerated the adoption of technology and fuelled the rising entrepreneurship ecosystems.

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