Saudi Arabia has maintained its position as the top destination for venture capital funding in the Middle East and North Africa region, raising $750 million in 2024. The Kingdom closed 178 deals, reflecting strong investor confidence and a thriving startup ecosystem. Despite a decline in funding levels compared to previous years, the Middle East accounted for $1.5 billion of the funding, spread across 461 deals. Total VC funding in emerging venture markets fell by 40 percent in 2024, with Southeast Asia leading in fundraising and Africa recording the weakest performance. While mega deals declined, early-stage activity showed resilience, with an emphasis on seed and pre-series A funding.