What's next for Saudi Arabia's booming VC sector? | Investasi Emas Online What's next for Saudi Arabia's booming VC sector? | Investasi Emas Online
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What's next for Saudi Arabia's booming VC sector?

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Investasi Emas

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Venture capital (VC) funding in Saudi Arabia has risen to an all-time high with a recorded $151.9 million in investment raised across 88 deals in 2020. As Saudi VCs become more confident and eye up deals elsewhere in the Mena region and the U.S., they are likely to play a more significant role across the region.
Payment delays are a widespread issue for companies of all sizes on a global level. However, the effects can be particularly devastating for startups. Rayhan Aleem, founder of Alpha Pro Partners, a UAE-based accounting firm focused on the tech sector, shares how startups can take greater control over payment collections.
Since escalations unfolded in Palestine this month, there has been a major impact on the technology and business landscape. Internet connectivity and remote work is the main source of income for a lot of Palestinians, but now the city is suffering a nearly constant power shortage, which makes it even more difficult for Palestinians to reach the outside world.
In case you missed it - here's our round-up from News Watch:

Mindshift Capital invests in US fitness startup
Flat6Labs closes second Egypt fund, raising EGP207 million
Tays raises pre-Seed funding for its professional networking app
UAE's Calega, Oman-based investors invest in India-based ClassMonitor
NearPay raises $2.1 million pre-Seed investment
Rizek raises $10 million Series A round
Mozare3 raises pre-Seed funding
Australia's Zip acquires Spotii
Qalam raises funds from Wadi Makkah Ventures
Eltizam raises SAR 2.5 million for its insurance marketplace
Do you have a story you'd like to share with us? Drop us a line.
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