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Top 10 Fashion VC Funds & Investors in Saudi Arabia (September 2026)

The most active venture capital funds investing in Saudi Arabia Fashion startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Saudi Arabia Fashion startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Impact46
VC Fund
2 Saudi Arabia, United Arab Emirates, United States Seed, Series A E-Commerce, Financial Services, Gaming $1M–$22M
Oqal
VC Fund
2 Saudi Arabia, United Arab Emirates, Egypt Seed, Pre-Seed, Series A E-Commerce, Software, Information Technology $100k–$10M
Joa Capital
VC Fund
2 United Arab Emirates, Saudi Arabia, Kuwait Seed, Series A, Pre-Seed FinTech, PropTech, Information Technology $1M–$35M
Raed Ventures
VC Fund
2 Saudi Arabia, United Arab Emirates, Egypt Seed, Series A, Pre-Seed E-Commerce, Software, Financial Services $400k–$30M
Khwarizmi Ventures
VC Fund
2 Saudi Arabia, United Arab Emirates, Egypt Seed, Series A, Pre-Seed Software, E-Commerce, FinTech $1M–$37M
Nuwa Capital
VC Fund
1 United Arab Emirates, Saudi Arabia, Egypt Seed, Pre-Seed, Series B E-Commerce, FinTech, Financial Services $1.2M–$39M
Women Spark
VC Fund
1 United Arab Emirates, Saudi Arabia, Bahrain Seed, Pre-Seed, Angel Apps, Gift, Education $1.1M–$2M
Raz Group
VC Fund
1 Saudi Arabia, United Arab Emirates Seed, Pre-Seed, Convertible Note Events, Advertising, Media and Entertainment $550k–$2.5M
FENA Holdings
VC Fund
1 Saudi Arabia, United States Seed, Pre-Seed Fashion, Software, E-Commerce
Sanabil
VC Fund
1 United States, Saudi Arabia, United Arab Emirates Pre-Seed, Series B, Series A FinTech, E-Commerce, Artificial Intelligence $100k–$157M
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Investor list

Impact46
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Fashion startups, 7 in the past 12 months

Impact 46 is an asset manager and advisor that specializes in alternative investment opportunities. The firm provides innovative investment products and services to local & international institutions, family groups, endowments, and high net worth investors.

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Investment focus

  • Industry: E-Commerce, Financial Services, Gaming
  • Stage:Seed, Series A
  • Geography: Saudi Arabia, United Arab Emirates, United States

Investor stats

  • Total investments: 86
  • Round size: Seed $1M–$5M; Series A $5M–$22M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $133M in 2023

Portfolio highlights

  • CashIn — Cashin to Lead the Digital Transformation in Petrol Stations!
  • Ash Games Studio — Ash Games Studio develops and publishes interactive video games. Available materials indicate a focus on original titles alongside contract game development services for partners. Work typically spans concept, design, prototyping, programming, art, and testing, followed by content updates and live support. Offerings may include co-development andcontent production for mobile and PC releases, along with community and analytics support.
  • Majestic Mind Games — Majestic Mind Games is a game studio creating strategic, mind-engaging video games.
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Oqal
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Fashion startups

Oqal Group was formed as an endowment group by a group of young businessmen to be a platform that brings together angel investors and emerging entrepreneurs to form partnerships of economic feasibility that raise the welfare of society and enhance the quality of life. It enables the founders of entrepreneurial startups to develop innovative andfast-growing startups in a variety of sectors by providing access to smart capital and experienced angel investors.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Saudi Arabia, United Arab Emirates, Egypt

Investor stats

  • Total investments: 139
  • Round size: Seed $100k–$2.1M; Pre-Seed $220k–$1.1M; Series A $133k–$10M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Raff — RetailTech startup aiming to be the center of commerce.
  • Siin — E-commerce Marketplace
  • Mantas — Cloud outage insurance, built for cloud-first businesses.
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Joa Capital
VC Fund · Az Zahra', Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Fashion startups

Joa Capital: Pioneers in financing technology and innovation in the Kingdom of Saudi Arabia.

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Investment focus

  • Industry: FinTech, PropTech, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Arab Emirates, Saudi Arabia, Kuwait

Investor stats

  • Total investments: 29
  • Round size: Seed $1.6M–$15M; Pre-Seed $1M–$3.4M; Series A $6M–$35M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Aya — Aya is a modest fashion e-commerce platform that strives to unite the fragmented modest fashion industry into a single discovery platform.
  • InvestSky — InvestSky offers zero commission investing in your favorite stocks. Invest smarter, together. Trading mobile app is coming soon, join the waitlist!
  • Safqah Capital — Safqah Capital is an innovative fintech and proptech company headquartered in Riyadh. We specialize in structuring and distributing Sharia-compliant Sukuk for small and medium-sized real estate developers. Safqah's digital investment platform enables secure participation from both retail and institutional investors, backed by rigorous duediligence, transparency, and smart governance. Safqah operates at the intersection of technology, finance, and real estate, positioning itself as a key enabler of Vision 2030’s housing and development goals.
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Raed Ventures
VC Fund · Dammam, Ash Sharqiyah, Saudi Arabia · 2 investments in Saudi Arabia Fashion startups

We partner with exceptional founders building breakthrough companies and creating scalable impact in MENA region

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Investment focus

  • Industry: E-Commerce, Software, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Saudi Arabia, United Arab Emirates, Egypt

Investor stats

  • Total investments: 109
  • Round size: Seed $600k–$10M; Pre-Seed $400k–$13M; Series A $2.3M–$30M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Hala — Hala offers a payment and wallet solution for individuals and point-of-sale (PoS) services that enable merchants to accept credit card payments.
  • Stitch — The simplest way to build financial products. Stitch is the unified platform to launch and scale. Shaping the new age of banking and payments.
  • THINK-AI — The Think AI Fabric: AI Node, ILM, and Constellation bonded into one supercompute platform, built for radical efficiency. Nothing sits idle.
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Khwarizmi Ventures
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Fashion startups

Khwarizmi Ventures is a venture capital firm that seeks investments in startups with a passion for algorithms. It seeks to help create their vision, as they embark on a journey together that aligns their goals to improve quality of life using technology powered by algorithms. .

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Saudi Arabia, United Arab Emirates, Egypt

Investor stats

  • Total investments: 60
  • Round size: Seed $1.6M–$16M; Pre-Seed $1M–$2.4M; Series A $5.5M–$37M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $63M in 2021

Portfolio highlights

  • Aya — Aya is a modest fashion e-commerce platform that strives to unite the fragmented modest fashion industry into a single discovery platform.
  • Hala — Hala offers a payment and wallet solution for individuals and point-of-sale (PoS) services that enable merchants to accept credit card payments.
  • RemotePass — RemotePass makes it easy to hire, onboard & pay your global team in full compliance, giving you everything you need to support them
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Nuwa Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Saudi Arabia Fashion startups

A radical investment platform reshaping the relationship between founders and capital.

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Investment focus

  • Industry: E-Commerce, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United Arab Emirates, Saudi Arabia, Egypt

Investor stats

  • Total investments: 60
  • Round size: Seed $1.3M–$13M; Pre-Seed $1.2M–$5.5M; Series B $5M–$39M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2021

Portfolio highlights

  • Aya — Aya is a modest fashion e-commerce platform that strives to unite the fragmented modest fashion industry into a single discovery platform.
  • Bundle — Bundle is the first networked rewards platform in the world, revolutionizing how companies interact with and reward their clients.Bundle provides companies with access to significantly more incentives than they could provide on their own by pooling brand incentive funds into common reward pools. Even though they only contribute a small portion ofthe total incentive value, brands can increase conversions.
  • Mantas — Cloud outage insurance, built for cloud-first businesses.
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Women Spark
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Fashion startups

Women Spark, powered by PLAYBOOK, serves as a dynamic bridge, connecting investors with promising deal flow and founders with the essential capital to drive impactful strides in the ecosystem.

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Investment focus

  • Industry: Apps, Gift, Education
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United Arab Emirates, Saudi Arabia, Bahrain

Investor stats

  • Total investments: 9
  • Round size: Seed $1.1M–$2M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Stllr Network — Stllr Network streamlines authentic video content production by creators on web or API.
  • Taffi — We help fashion retailers drive more sales with agentic solutions that personally inspire and support shoppers
  • CADO Gifting — CADO Gifting is a leading online gift shop based in Dubai that offers a variety of premium products like flowers, cakes, roses, plants, chocolate boxes, home items, balloons, baskets, hampers and also experiences for you, your loved ones and your business. Home Delivery & Fast Delivery.
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Raz Group
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Fashion startups

Raz Group empowers entrepreneurs and helps them transform their passions into value-adding companies.

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Investment focus

  • Industry: Events, Advertising, Media and Entertainment
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Saudi Arabia, United Arab Emirates

Investor stats

  • Total investments: 47
  • Round size: Seed $550k–$2.5M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Dnaneer — Dnaneer is a FinTech platform that connects online businesses with investors through crowdfunding of enterprises.
  • Ebra — Ebra is leading a new era of debt recovery in the Middle East. As the region’s first AI-powered collection company, we’re redefining how businesses recover capital, making the process smarter, faster, and built on trust. We’re setting a new standard for debt collection.
  • Myne — Myne offers a comprehensive platform for tracking, growing, and protecting assets. The platform integrates seamlessly with various financial tools to provide users with a holistic view of their wealth. Key features include net worth tracking, budgeting, investing, and estate planning. Myne ensures data security with multiple layers of encryption,making it a secure choice for managing financial well-being.
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FENA Holdings
VC Fund · London, England, United Kingdom · 1 investments in Saudi Arabia Fashion startups

We invest and operate software, commerce, and financial services companies across MENA.

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Investment focus

  • Industry: Fashion, Software, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Saudi Arabia, United States

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aya — Aya is a modest fashion e-commerce platform that strives to unite the fragmented modest fashion industry into a single discovery platform.
  • HeyBreez AI — The operational layer for Voice AI. Real phone calls. Real-time speed. Built for real operations.
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Sanabil
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Fashion startups

Sanabil Investments is a sovereign wealth fund specializing in direct and fund of funds investments. Its investments are concentrated in direct equity investments, primarily in the Kingdom, and in funds, as well as in diversified investment portfolios. These investments support the growth of the Kingdom’s economy while building internationalinvestment capability and transferring expertise to local Saudi talent.

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Investment focus

  • Industry: FinTech, E-Commerce, Artificial Intelligence
  • Stage:Pre-Seed, Series B, Series A
  • Geography: United States, Saudi Arabia, United Arab Emirates

Investor stats

  • Total investments: 68
  • Round size: Pre-Seed $100k–$5M; Series A $6.9M–$30M; Series B $1M–$157M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Qanary — Qanary is a digital second-opinion platform designed to help radiologists detect cancer at its earliest, most treatable stages.
  • 1001 AI — 1001 is the AI-powered intelligence layer helping enterprises transform decisions, orchestrate actions, and accelerate outcomes.
  • Hala — Hala offers a payment and wallet solution for individuals and point-of-sale (PoS) services that enable merchants to accept credit card payments.
Show all investments...

Fashion VC funding in Saudi Arabia at a glance

Stats across 18 deals from 21 investors.

21
investors
in Saudi Arabia Fashion startups
18
deals
in Saudi Arabia Fashion startups
$183M
median round
in Saudi Arabia Fashion startups
62%
lead investors
lead at least one round
33%
Seed
most common funding stage

Access all 21 VC funds in Saudi Arabia Fashion startups.

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