LEAP22 leapfrog into first place in world tech events

LEAP22 leapfrog into first place in world tech events

LEAP’s first edition achieved new milestones for a first-time technology event, with over 100,000 registered guests from over 80 countries.

Over US$266 million in investments and funds for start-ups and entrepreneurs were announced at LEAP22.

The conclusion of the second round of Khwarizmi Ventures fund with a value of US$69.8 million, an investment of over US$49.8 million in the Emkan VC fund, and the opening of a new fund worth over US$134 million by Saudi Venture Investment Company to support start-ups.

UnifonicX, a new partnership between Unifonic and TheSpaceKSA to establish start-ups, was also announced.

Nana closed a US$50 million investment round headed by FIM Partners and the STV Fund, and Quant closed a US$800,000 investment round led by VentureSouq with participation from RaedVC and Seedra.

Millions in funding

LEAP22 Rocket Fuel Startup Competition Winners

Muzn Artificial Intelligence received a US$10.1 million investment round led by Raed Ventures, with participation from Shorooq Partners, VentureSouq, Sukna Ventures, and others; Taffi received more than US$1.8 million in funding; and SIFI and Tamawal closed pre-seed rounds.

LEAP22, which finished on Friday in Riyadh, featured over 700 exhibitors, including the world’s greatest technology firms and 1,500 start-ups, as well as more than 500 international speakers, making it the largest ever the first edition for a technology event. At LEAP22, more than US$6.4 billion in investments and new technology initiatives were unveiled.