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Top 5 Medical VC Funds & Investors in Saudi Arabia (July 2026)

The most active venture capital funds 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
Wa’ed Ventures
VC Fund
1 Saudi Arabia, United Arab Emirates, United States Seed, Series A Software, Artificial Intelligence, Information Technology $600k–$30M
Sanabil Venture
VC Fund
1 Saudi Arabia Pre-Seed Medical, Hospital, Health Care
Oqal
VC Fund
1 Saudi Arabia, United Arab Emirates, Egypt Seed, Pre-Seed, Series A E-Commerce, Software, Information Technology $100k–$10M
Elm
VC Fund
1 Saudi Arabia Series A, Seed, Series B Internet, E-Commerce, SMS $2.3M–$21M
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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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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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Sanabil Venture
VC Fund · 1 investments in Saudi Arabia Medical startups

Sanabil Venture Studio by Redesign Health empowers founders to launch and scale transformative healthcare companies in the Kingdom.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Nuxera — At Nuxera, we are redefining the future of healthcare through cutting-edge AI technology. Our mission is to empower doctors and healthcare providers by streamlining workflows, reducing administrative burdens, and enhancing patient care. Nuxera offers AI-driven solutions that seamlessly integrate with existing systems to capture, analyze, andoptimize medical data, allowing healthcare professionals to focus on what truly matters—caring for their patients. With a vision to revolutionize healthcare across the MENA region and beyond, Nuxera is dedicated to improving efficiency, accuracy, and accessibility in the medical field. Whether it’s simplifying patient record management, enabling smarter clinical decision-making, or enhancing operational excellence, we are here to help healthcare providers deliver better outcomes for everyone. Join us on our journey to make healthcare smarter, faster, and more human-centered.
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Oqal
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Medical 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: 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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Elm
VC Fund · 1 investments in Saudi Arabia Medical startups

Investment focus

  • Industry: Internet, E-Commerce, SMS
  • Stage:Series A, Seed, Series B
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 5
  • Round size: Series A $2.3M–$21M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Zid — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
  • Cura — Cura Healthcare is a Saudi leading telehealth provider that provides digital health and telemedicine software and services. The company has developed state-of-the-art technologies to empower health communications, changing the way patients and doctors interact, diagnose, prescribe, give second opinions, manage chronic diseases, and provide primaryhealth care and well-being therapy sessions. For more information: https://cura.healthcare/en/
  • Syarah — Syarah is an online cars marketplaces.
Show all investments...

Medical VC 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

Access all 31 VC funds in Saudi Arabia Medical startups.

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