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Top 5 Medical VC Funds & Investors in Saudi Arabia (August 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
Wa’ed Ventures
VC Fund
2 Saudi Arabia, United Arab Emirates, United States Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $500k–$124M
Al-Waalan Investment
VC Fund
1 Saudi Arabia Pre-Seed Medical, Wellness, Health Care
Saudi Aramco Entrepreneurship Ventures
VC Fund
1 Saudi Arabia, India, Luxembourg Series A, Seed, Convertible Note Information Technology, Software, Intelligent Systems $480k–$33M
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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Investor list

Wa’ed Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 2 investments in Saudi Arabia Medical startups, 9 in the past 12 months

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, Series B
  • Geography: Saudi Arabia, United Arab Emirates, United States

Investor stats

  • Total investments: 120
  • Round size: Seed $500k–$5.5M; Series A $2.5M–$30M; Series B $19M–$124M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Terraxy — Terraxy is a startup company building permanent fertile soils to enable greening and agriculture in the desert.
  • THINK-AI — Complete in-house freedom to innovate, develop, fine-tune and train AI models for any unique business needs. Own the AI.
  • 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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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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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, Convertible Note
  • Geography: Saudi Arabia, India, Luxembourg

Investor stats

  • Total investments: 46
  • Round size: Seed $506k–$3.5M; Series A $900k–$25M; Convertible Note $480k–$33M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Ori Industries — Ori is building the AI backbone for the future, enabling teams to advance groundbreaking technology. We believe the true potential of AI will be unlocked by how seamlessly teams can access and deploy the infrastructure they need to train, serve, and scale models. As a trusted partner, Ori provides end-to-end AI infrastructure—combining powerfulGPU compute with a flexible software layer that optimizes resources. With Ori, teams can explore, build, and scale AI innovations effortlessly, transforming how software and hardware work together to drive the next wave of AI breakthroughs.
  • 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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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: 127
  • 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 a fintech company that develops an expense management platform to help small and medium-sized enterprises manage their spending, expenses, and purchases through the credit cards given to the employees. Its expense management platform enables enterprises to streamline their financial operations. By allowing businesses to register bills,track purchases, and manage expenses in one centralized system, the platform offers real-time visibility into all transactions made via corporate cards issued to employees. This solution simplifies the expense reporting process, enhances transparency, and improves financial control across the organization.
  • Siin — E-commerce Marketplace
  • Mantas — Cloud outage insurance, built for cloud-first businesses. #ParametricInsurance
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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.
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Medical VC funding in Saudi Arabia at a glance

Stats across 39 deals from 36 investors.

36
investors
in Saudi Arabia Medical startups
39
deals
in Saudi Arabia Medical startups
$8M
median round
in Saudi Arabia Medical startups
64%
lead investors
lead at least one round
23%
Post-IPO Debt
most common funding stage

Access all 36 VC funds in Saudi Arabia Medical startups.

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