68 Days
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LIP 2026 Day Three: $293M for Tours and Funds
On the third day of the LEAP 2026 conference in Riyadh, a significant tech investment movement was recorded, totaling $293 million. This included nine investment rounds and two investments from investment funds. The investments were distributed among tech companies such as COFE, which launched a round of $43 million; Fly A'id with over $25 million; Sayara with $12 million; and Rabeh with $8.5 million. Additionally, the ministry announced the launch of two investment funds worth $166.7 million, including ULA Capital Fund with $100 million in partnership with Future Play, along with expanding the Impact46 fund to support small and medium enterprises by 150%. These investments aim to boost the growth of tech companies in Saudi Arabia and attract venture capital. The figures indicate notable growth in investments and funding activities, underscoring the Saudi market's attractiveness for technological investments.
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