Takamol Ventures, the investment arm of Takamol, invests in tech startups across the MEA region. With a sector-agnostic approach within the broader technology space, Takamol Ventures invests in cutting-edge technologies to enhance Takamol’s contributions to this promising sector and contribute to the Kingdom’s evolving digital economy.
Launched during LEAP last year with a SR200 million ($53.3 million) fund, Takamol Ventures has made significant strides in fostering innovation. The firm joined the NVIDIA VC alliance program to closely collaborate with NVIDIA and fellow alliance members to drive innovation and support startups in shaping the future of technology. Additionally, it has forged a strategic collaboration with Plug and Play, focusing on deal flow, mentorship, and knowledge sharing.
As a strategic partner, Takamol Ventures goes beyond capital by providing portfolio companies with direct access to Takamol’s vast resources, industry expertise, and extensive network of partners and clients. The unique positioning allows startups to accelerate their growth while creating synergies with Takamol’s existing operations.
Takamol Ventures serves as an inorganic growth engine for its parent company, enabling it to tap into new technologies, expand into new markets, and drive strategic innovation.
Since its inception, Takamol Ventures has successfully closed two investments, one in the fintech space and the other in AI, both of which are recognized as category leaders in their respective domains.
Saudi Arabia’s venture capital ecosystem has evolved rapidly over the past decade, driven by Vision 2030, government-backed initiatives, and increasing investor interest.
A key catalyst was the establishment of the Saudi Venture Capital Company in 2018, which has backed over 54 funds and 800+ startups.
The LEAP tech event has further accelerated this momentum, attracting global investors and facilitating deals worth $11.9 billion in 2024. International collaboration is growing, complementing strong local investment activity.
The Nomu market has opened new exit opportunities for VC-backed startups, providing much-needed liquidity. A key milestone was Jahez’s listing in January 2022, making it the first tech company to go public on Nomu — setting a precedent for other startups.
Regulatory initiatives such as SAMA and CMA’s sandboxes, have played a crucial role in fostering a dynamic fintech ecosystem by lowering entry barriers, encouraging innovation, and boosting investor confidence.
Saudi Arabia’s VC landscape continues to strengthen through government-backed funds like SVC, improved regulations, and global tech events like LEAP, leading to the rise of homegrown unicorns and increasing participation from top-tier global investors like Sequoia Capital and General Catalyst.
With sustained government support and a rapidly maturing startup ecosystem, Saudi Arabia is positioning itself as a leading innovation and investment hub in the region.
