Saudi Arabia saw a record number of startup speculations and add up to subsidizing in 2019

2019 saw 71 startup ventures take put in Saudi Arabia, summing to $67M in add up to subsidizing, 2019 Saudi Arabia Venture Capital Depiction. The report, which is supported by Saudi Wander Capital Company (SVC), gives an in-depth investigation of new businesses and wander capital (VC) venture in one of the region’s quickest developing environments: Saudi Arabia.

Why do new businesses raise Venture Capital?

Venture capital is an perfect financing structure for new businesses that require capital to scale and will likely spend a critical sum of time within the ruddy to construct their trade into an exceptionally beneficial company. Huge title companies like Amazon, Facebook, and Google were once venture-backed startups.