RIYADH: Saudi Arabia’s startup ecosystem is gaining momentum, with several firms securing significant investments and partnerships as they scale their operations.
Backed by both local and international venture capital, several startups are positioning themselves as key players in the region’s digital transformation, supporting Saudi Vision 2030’s goals of fostering innovation and economic diversification.
Saudi Arabia-headquartered mobility startup invygo has raised an $8 million series A extension, led by STV’s newly launched NICE Fund.
The round also saw participation from existing investors, including Al Rajhi Partners, Arab Bank Ventures, and SPV, as well as MEVP, and C5.
Founded in…