Leap 2026 announces $857 million in new investments on day three
The Leap 2026 conference saw $857 million in new investments on its third day, highlighting Saudi Arabia’s growing appeal for tech and venture capital.
Leap 2026's third day witnessed $857 million in fresh investments, underscoring Saudi Arabia's allure for tech and venture capital. These investments spanned various sectors, including cloud computing, data centers, and technology industries. Venture capital investments led the pack, amassing nearly $293 million across 11 deals, including nine funding rounds and the establishment of new funds.
Startup recipients included companies in AI, fintech, travel, gaming, HR, and digital automotive sectors. Ula Capital partnered with Korea's FuturePlay to launch a $100 million fund, while Impact46 and HALA expanded their SME financing fund by 150%. Snowflake pledged $300 million for growth in Saudi Arabia, including opening a regional headquarters and training 25,000 individuals.
Localizing technology industries saw investments from Alfanar and LogRhythm Middle East, with the former allocating $150 million for data center component manufacturing. HUMAIN showcased its AI solutions, reinforcing Saudi Arabia's commitment to advancing the digital economy.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
