Top 10 Fitness VC Funds &amp; Investors in Saudi Arabia (June 2026)

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.

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: 125
Round size: Seed $100k–$2.1M; Pre-Seed $220k–$1M; Series A $133k–$10M
Lead/follow: 7% lead, 93% follow

Portfolio highlights

Nqoodlet — NQOODLET is an electronic platform targeting SMEs to manage their expenses, purchases through the credit cards given to the employees.
Siin — E-commerce Marketplace
Mantas — Mantas protects businesses against cyber risk. We leverage predictive analytics to provide robust cyber insurance that helps businesses mitigate cloud downtime risks. Our parametric solutions ensure uninterrupted operations for all cloud-dependent businesses including e-commerce, SaaS and digital platforms.

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Wa’ed Ventures is the venture capital arm of Saudi Aramco Entrepreneurship Center (Wa’ed), established by Saudi Aramco with the vision of igniting the spirit of entrepreneurship in the Kingdom of Saudi Arabia. Wa’ed has deployed a suite of programs over the years to assist entrepreneurs in establishing, enhancing, or expanding their ventures. Theseprograms comprise development and financial support including business incubation, coaching and training to guide and nurture entrepreneurs along different business stages, seed funding, non-collateral loans, venture capital (equity/debt) investment, and business development. These programs support the development of small- and medium-sized enterprises (SMEs) capable of localizing industries and diversifying the Kingdom’s economy. Wa’ed also collaborates and engages with key players in order to create an effective entrepreneurship ecosystem.Wa’ed aspires to provide leadership in promoting entrepreneurship to support economic growth, diversification, and social development in Saudi Arabia, in alignment with the Kingdom’s strategic thrust into moving towards a knowledge-based economy. The organization aims to turn innovative ideas into successful projects, create and support sustainable SMEs, and develop entrepreneurs into successful business owners.Wa’ed Ventures aims to fuel the growth of high potential companies, thereby promoting economic development in Saudi Arabia with job creation for Saudi nationals, technological improvement, knowledge transfer, economic diversification, and economic growth within the Kingdom. The firm focuses on seed, early, and growth-stage businesses across a diverse range of sectors including information and communication technology (ICT), energy, manufacturing, healthcare, and services – from mobile application platforms and technologies to industrial equipment manufacturing to advanced software solutions.

Investment focus

Industry: Information Technology, Software, Apps
Stage:Series A, Seed
Geography: Saudi Arabia, India, Luxembourg

Investor stats

Total investments: 43
Round size: Seed $506k–$3.5M; Series A $900k–$25M
Lead/follow: 84% lead, 16% follow

Portfolio highlights

ELEVATUS — Elevatus is the #1 Agentic AI Hiring Operating System built for enterprise scale. Autonomous recruiting from requisition to onboarding - zero code.
OQ TECHNOLOGY — OQ Technology is a Luxembourg-based satellite operator pioneering 5G Non-Terrestrial Network (NTN) connectivity through its direct-to-device (D2D) global satellite network.
MANAFA Capital — MANAFA is an online marketplace for investing equity into innovative, early-stage companies. It provides sophisticated investors free access to direct investment opportunities, diligence tools and industry data insights for an asset class that was previously very difficult to access. For entrepreneurs, MANAFA offers an efficient way to access anetwork of sophisticated investors as well as leading partners.

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At Aramco, our behavior is what defines us - as a company, as employees, as people. Everything we do is anchored by our corporate values: citizenship, safety, accountability, excellence and integrity.

Investment focus

Industry: Energy, Oil and Gas, Predictive Analytics
Stage:Seed, Series A, Series B
Geography: Saudi Arabia, United States, China

Investor stats

Total investments: 31
Round size: Seed $500k–$3.5M; Series A $1.3M–$5B; Series B $20M–$40M
Lead/follow: 35% lead, 65% follow
Last fund: Likely still investing — raised $1.5B in 2022

Portfolio highlights

Unioil — Unioil is a chemicals company based out of Philippines.
TipRanks — TipRanks stock market research and analysis, lets you see the track record and measured performance of any analyst or blogger, so you know who to trust!
HUMAIN — HUMAIN is a full-stack AI ecosystem. We build the future of AI from sovereign data centers and cloud to generative AI models and applications.

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100 Ventures is an investment firm and its invests in pre-seed and seed startups companies.

Investment focus

Industry: B2C, SaaS, Beauty
Stage:Seed
Geography: Saudi Arabia, Pakistan

Investor stats

Total investments: 4
Round size: Seed $400k–$6.9M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

AlGooru — AlGooru is a tutoring network marketplace that connects students with qualified tutors on a mobile app. Our mobile app uberizes the tutoring market. Students can find reliable tutors, and tutors can manage their sessions/price their own rates.
Glamera — Glamera B2B2C: SaaS platform to power beauty salons, spa, Gym and barber shops, to optimize sales, booking, marketing, inventory and HR. Glamera White Label: Every service provider can create his own website, to help his customer in pre-booking his services. Glamera B2C: Mobile application for end user to book beauty and wellness appointment.
MyTM — MYTM is a fintech company and provides mass transit e-ticketing, branchless banking, microfinance services (loan lead generation through agent network), and financial services.

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Techstars Accelerator

Investment focus

Industry: B2C, SaaS, Hotel
Stage:Seed, Pre-Seed, Convertible Note
Geography: Canada, Israel, Australia

Investor stats

Total investments: 4
Round size: Seed $1.3M–$2.4M
Lead/follow: 25% lead, 75% follow

Portfolio highlights

Glamera — Glamera B2B2C: SaaS platform to power beauty salons, spa, Gym and barber shops, to optimize sales, booking, marketing, inventory and HR. Glamera White Label: Every service provider can create his own website, to help his customer in pre-booking his services. Glamera B2C: Mobile application for end user to book beauty and wellness appointment.
Outread — Outread uses AI to summarize key academic publications. (Blinkist is useful for academic study.
Payday — Send and receive money globally. Create virtual Mastercards that work anywhere online.

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We build successful and sustainable enterprises from the ground up by capitalizing on our expertise, resources and network.We carefully select, validate and launch bold ideas that are then turned into full-fledged spun-off businesses. While every successful venture is different, there is one thing, that connects all of them – right timing.Timeis the key and the most important resource for every enterprise. That’s why we designed our own venture building process that allows fast delivery. We use our own expertise and vast network of resources to create business plans, develop the products, launch them on the market, and grow them. - Generate our own VenturesWe build startups that solve problems through an inhouse continuous, dynamic and selective ideation process. We secure financing to make sure our ventures can grow without barriers.- Build Ventures With PartnersWith our robust ecosystem we partner up with external entrepreneurs and other companies that have amazing ideas we can help them develop into successful and sustainable businesses.

Investment focus

Industry: Apps, Financial Services, SaaS
Stage:Seed, Pre-Seed
Geography: Saudi Arabia

Investor stats

Total investments: 8
Round size: Seed $852k–$7.5M
Lead/follow: 50% lead, 50% follow

Portfolio highlights

Ejaro — Ejaro is the first licensed peer-to-peer vehicle sharing marketplace in Saudi Arabia and the GCC. We connect local vehicle owners with individuals who are looking to rent vehicles whenever and wherever they want. We empower owners to earn an extra income stream from their depreciating private vehicles (assets) by sharing it with Ejaro’s trustedcommunity.
Muhlah — Muhlah is a Saudi fintech company.The company provides microfinancing focused on credit discipline, transparency, compliance, and financial inclusion across Saudi Arabia. Its products emphasize responsible lending with sustainable repayment terms, targeting underserved segments without physical branches.
Conix.ai — CONIX.AI is an AI platform (SaaS) created to offer fully complete solutions for the architectural designing of residential and commercial properties. The cloud-based SaaS platform is accessible from anywhere worldwide and can provide detailed 2D plans, 3D plans, Facades, working drawings (electricity & water), utility data, sustainabilityadvice and more for construction planning.By accessing CONIX.AI, real estate companies will have at their fingertips in few minutes different iterations of architectural designs for their new construction projects previously impossible to attain without significant investments into architectural firms and wouldn't be delivered in less than 4-6 weeks. This level of visualisation will allow companies a time-conscious suite of tools that can allow them to build faster, build smarter, build greener!https://youtu.be/bskgguh3U-A

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Ithraa Capital is a company that specializes in Investment services.

Investment focus

Industry: B2C, SaaS, Beauty
Stage:Seed
Geography: Saudi Arabia

Investor stats

Total investments: 1
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Glamera — Glamera B2B2C: SaaS platform to power beauty salons, spa, Gym and barber shops, to optimize sales, booking, marketing, inventory and HR. Glamera White Label: Every service provider can create his own website, to help his customer in pre-booking his services. Glamera B2C: Mobile application for end user to book beauty and wellness appointment.

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We inspire to build societies where knowledge empowers every individual to realize their full potential to contribute to the greater good and to be responsible for future generations. Investment in startup business, Community Services, Shared Offices.

Investment focus

Industry: Information Technology, Financial Services, Health Care
Stage:Seed, Convertible Note
Geography: Saudi Arabia, United States, Egypt

Investor stats

Total investments: 26
Round size: Seed $300k–$8M
Lead/follow: 8% lead, 92% follow

Portfolio highlights

YNMO — YNMO is the first Arabic/English digital solution that aims to improve the quality of care and educational services for individuals with special needs by allowing service providers such as schools, centers & clinics to design and monitor individualized treatment plans.
Aanaab — Aanaab offers online courses in Arabic for teachers and educators to help them improve their skills in different areas including self-development, educational strategies, education techniques, and educational tools and techniques.
HealTec — HealTec provides B2B healthcare rehabilitation manufacturing facility that enables the local production of medical prosthetics and other devices to serve Long-Term Care and rehabilitation patients.

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Lucrative Ventures operates as an Investment Firm.

Investment focus

Industry: B2C, SaaS, Beauty
Stage:Seed
Geography: Saudi Arabia

Investor stats

Total investments: 1
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Glamera — Glamera B2B2C: SaaS platform to power beauty salons, spa, Gym and barber shops, to optimize sales, booking, marketing, inventory and HR. Glamera White Label: Every service provider can create his own website, to help his customer in pre-booking his services. Glamera B2C: Mobile application for end user to book beauty and wellness appointment.

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