Riyadh, Saudi Arabia — Khwarizmi Ventures, a prominent venture capital firm in the MENA region, has announced its plan to launch a second investment fund worth between $100 million and $120 million by the end of 2025. The firm sees the current moment as a “golden opportunity” for growth in the regional startup ecosystem.
In an interview with Al Arabiya, Abdulaziz Al-Turki, Managing Partner at Khwarizmi Ventures, highlighted the rapid evolution of the Arab startup landscape. “Ten years ago, there were no unicorns in the Arab world. Five years ago, we saw the first with Careem. Today, we have 8, and we expect that number to grow to 60 by 2035,” said Al-Turki.
The new fund will focus on early-stage investments, particularly from Seed to Series A, where products are just starting to generate revenue but remain in early development. The firm believes that this stage is where the region’s most significant success stories are born.
Khwarizmi’s first fund totaled $70 million, of which 80% has already been invested, with the remaining 20% reserved for follow-on investments in high-performing portfolio companies.
Geographically, the fund targets the Middle East and North Africa, with a strong emphasis on Saudi Arabia—supporting both local startups and regional firms expanding into the Kingdom, which is now considered the largest growth market for startups in the region.
With this second fund, Khwarizmi Ventures reaffirms its belief that venture capital is not just about financing—it’s a transformative tool to reshape the region’s economic future through innovation and scale.
