
Why sustainability is the heart of the smart city revolution
The smart cities of the future will use tech to lower emissions, cut urban temperatures, and improve quality of life in highly populated areas.
LEAP loves startups. In fact, we’re going to spend a bit of time on the blog talking about the startups that won our Rocket Fuel Competition in 2022 and 2023 – so you can find out where they are now.
But before we do that, we thought we’d look at some of the top tech startups in Saudi Arabia. Who are they, what are they doing, and how are they helping to transform the region?
Data from dealroom.co suggests that fintech, foodtech, and transport startups have generated the most VC investment in Saudi Arabia since 2018. And according to the global startup ecosystem map StartupBlink, Saudi Arabia’s startup scene is best represented in the transport, hardware and IoT, and e-commerce and retail sectors.
But groundbreaking startups are appearing in other sectors too; motivated by the growth in international investment interest and government support for fledgling companies that will help KSA on its journey to a diversified and sustainable economy.
We love:
The value of Saudi Arabia's startup ecosystem reached over USD $11 billion in 2022 – and it’s growing. In 2022 alone, KSA-based startups raised $972 million in funding – a 1.5X increase on the previous year.
As the Saudi tech sector emerges as one to watch, investors from around the world are turning their attention to local entrepreneurs.
We can’t wait to meet more Saudi Arabia startup founders at LEAP 2024 – and connect them with their ideal mentors, partners, and investors.
Will we see you there?
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The smart cities of the future will use tech to lower emissions, cut urban temperatures, and improve quality of life in highly populated areas.
Discover the cities that rank highly for smart city preparedness, and learn why locally relevant innovation is more important than cutting-edge tech.
If you’ve ever thought about becoming a tech investor, read this – learn why investors are the quiet force shaping the future of the industry.