Khwarizmi ventures
Venture capital plays a vital role in driving innovation, but many lack clarity on its dynamics. Join Mohannd.dhf and Mxa255 as they explore the sector and spotlight Khwarizmi Ventures’ impact in the MENA region. Let’s dive in!
Main Topics:
● Overview of the sector
● Sector growth projections
● A look at Khwarizmi Ventures
● Khwarizmi Ventures' investment portfolio
Overview of the Sector
Saudi Arabia continues to lead the MENA region in venture capital investments, reaching $412 million by mid-2024 54%of the total MENA VC market. This marks the Kingdom's third consecutive half-year at the top!
Despite a 34% decline in total MENA VC investments, Saudi Arabia's decrease was only 7% year-on-year. This resilience underscores the strength of investment opportunities within the Kingdom.
Sector Growth Projections
The Saudi VC sector is on track to reach $840 million by the end of 2024. Globally, the VC market is projected to expand from $285 billion in 2024 to a staggering $1.3 trillion by 2032, with a CAGR of 18%!
Introducing Khwarizmi Ventures
Founded in 2018 by Yasser Al-Qadhi, Khwarizmi Ventures focuses on empowering startups across MENA. The fund has diversified investments in 10 sectors, including fintech and e-commerce.
Khwarizmi Ventures operates in 8 countries, including Saudi Arabia, the UAE, Egypt, and Jordan, entering 12 markets and reaching over 3.5 million customers—a testament to its growing influence!
Through its investments, Khwarizmi Ventures has created over 4,000 direct and indirect jobs, significantly impacting local economies and communities across the region.
Investment Portfolio Highlights
To date, Khwarizmi Ventures has invested in 35 opportunities, exiting 4 (including the notable Tamara). Currently, their portfolio boasts 31 active companies, like Calo and Soum.
Sources:
https://svc.com.sa/wp-content/uploads/H1_2024_Saudi_Arabia_Venture_Capital_Report_AR.pdf
https://www.wamda.com/ar/2021/10/khwarizmi-ventures-announces-close-sector-agnostic-fund-arabic
https://www.wamda.com/ar/2022/02/khwarizmi-ventures-closes-70-million-fund-invest-mena
https://www.imarcgroup.com/venture-capital-investment-market