IMPACT46 launches SAR500 mln Fund
February 7, 2023 “IMPACT46” announced its new SAR 500 million fund to invest in technology startups in Saudi Arabia and the MENA region. The Fund is the third and largest fund by IMPACT46. Through its funds, IMPACT46 aims to localize proven technologies to support local solutions. This is in line with Saudi Vision 2030 which aims to develop the national economy and diversify the Kingdom’s sources of income. The Fund seeks to invest in tech startups in different areas, mainly: fintech, e-commerce and SaaS. The Fund focuses on investing in Saudi startups with the potential to invest in promising startups…