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Top 5 Medical Startup Investors in Saudi Arabia (July 2026)

The most active venture capital funds and angel investors investing in Saudi Arabia Medical startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Saudi Arabia Medical startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Saudi Aramco Entrepreneurship Ventures
VC Fund
1 Saudi Arabia, India, Luxembourg Series A, Seed Information Technology, Software, Intelligent Systems $506k–$25M
Al-Waalan Investment
VC Fund
1 Saudi Arabia Pre-Seed Medical, Wellness, Health Care
Elm
VC Fund
1 Saudi Arabia, India, Nigeria Seed, Series A, Series B Artificial Intelligence, SaaS, E-Commerce $2M–$50M
Wa’ed Ventures
VC Fund
1 Saudi Arabia, United Arab Emirates, United States Seed, Series A Software, Artificial Intelligence, Information Technology $600k–$30M
Raz Group
VC Fund
1 Saudi Arabia, United Arab Emirates Seed, Pre-Seed, Convertible Note Events, Advertising, Media and Entertainment $550k–$2.5M
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Saudi Aramco Entrepreneurship Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 1 investments in Saudi Arabia Medical startups

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.

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Investment focus

  • Industry: Information Technology, Software, Intelligent Systems
  • Stage:Series A, Seed
  • Geography: Saudi Arabia, India, Luxembourg

Investor stats

  • Total investments: 44
  • Round size: Seed $506k–$3.5M; Series A $900k–$25M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • Ori Industries — Ori is a developer of a cloud platform designed to enable computing anywhere and everywhere. It empowers developers and networks to build future applications for global infrastructure from smart cities, immersive worlds, and autonomous machines. Ori Industries was established in 2018 and is headquartered in London, England.
  • ELEVATUS — Elevatus is the #1 Agentic AI Hiring Operating System built for enterprise scale. Autonomous recruiting from requisition to onboarding - zero code.
  • 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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Al-Waalan Investment
VC Fund · 1 investments in Saudi Arabia Medical startups

Al-Waalan Investment is an investment firm.

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Investment focus

  • Industry: Medical, Wellness, Health Care
  • Stage:Pre-Seed
  • Geography: Saudi Arabia

Investor stats

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

Portfolio highlights

  • Tuba — uba is a healthtech platform revolutionizing the way businesses manage and finance employee healthcare in Saudi Arabia and the MENA region. Unlike traditional health insurance, Tuba enables companies to directly fund and control their healthcare spending while offering employees seamless access to medical services. Using AI-powered modules forclaims approval, cost prediction, and fraud detection, Tuba simplifies administration, reduces costs, and improves transparency. Businesses gain real-time insights, flexibility in designing benefit plans, and a better overall healthcare experience for their workforce.
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Elm
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Medical startups

Elm offer a wide range of ready-made and customized digital solutions in many areas. The company provides products that are seemingly tailored to customers' needs and aspirations.

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Investment focus

  • Industry: Artificial Intelligence, SaaS, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: Saudi Arabia, India, Nigeria

Investor stats

  • Total investments: 20
  • Round size: Seed $2M–$7.4M; Series A $2.3M–$21M; Series B $19M–$50M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Reachware — Reachware is the top IPaaS in the Middle East, connecting systems for a unified ecosystem. Trusted by global enterprises. Learn more.
  • Syarah — Syarah is an online cars marketplaces.
  • Youverify — Youverify helps businesses and individuals confirm identity and physical addresses. Using AI, Youverify confirms a user’s identity document and compares it with their facial biometrics. This information can be cross-checked against more than 300 databases locally and globally.Youverify in partnership with over 20,000 field verification officersverifies physical addresses all over Sub-Sahara Africa in less than 48 hours.Youverify fills the gap in Africa's digital industry by providing one API for identity and physical address verification.
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Wa’ed Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 1 investments in Saudi Arabia Medical startups

Wa’ed Ventures is a $500 million venture capital fund with the aim to accelerate the development of an integrated startup ecosystem by investing in local tech-based startups and incentivizing global entrepreneurs to localize their tech innovations in the Kingdom.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A
  • Geography: Saudi Arabia, United Arab Emirates, United States

Investor stats

  • Total investments: 110
  • Round size: Seed $600k–$6.5M; Series A $2.5M–$30M
  • Lead/follow: 60% lead, 40% 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.
  • Terraxy — Terraxy is a startup company building permanent fertile soils to enable greening and agriculture in the desert.
  • Stake — Thousands investors worldwide use Stake to access income-generating real estate deals in high-growth markets, starting from just USD 136
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Raz Group
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Medical 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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Medical Investor funding in Saudi Arabia at a glance

Stats across 31 deals from 31 investors.

31
investors
in Saudi Arabia Medical startups
31
deals
in Saudi Arabia Medical startups
$12M
median round
in Saudi Arabia Medical startups
65%
lead investors
lead at least one round
26%
Post-IPO Debt
most common funding stage
100/0
VC / Angel
share of investor count

Access all 31 investors in Saudi Arabia Medical startups.

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