- Plus VC plans to fund over 40 startups in 2026, focusing on Saudi Arabia as a growing VC hub.
- The firm will increase capital deployment to USD 10 million, targeting sectors like construction tech, food waste, and fintech.
- It backed Saudi startups including Calo, eyeing a 2027 local listing, and Strataphy, a cooling solutions company it recently funded.
Plus VC
Plus VC, MENA Early Stage VC Partner, plans to fund more than three dozen startup deals. This is with a focus on Saudi Arabia as the country moves towards positioning itself as a regional venture capital hub.
Founded in 2020, Plus VC is a venture capital firm with a focus on seed to series A investments in the MENA region.
So far, the firm has supported more than 250 startups across the Middle East and North Africa. It also plans to increase capital deployment to around USD 10 million from USD 4.5 million this year.Additionally, it intends to raise money from external investors for its next fund in 2026.
Startup Ecosystem
The VC will focus on sectors including construction technology and food waste platforms. It also plans to focus more deeply in sectors like fintech. Addi
In an interview with Bloomberg Hasan Haider, Founder and Managing Partner said “A lot more deals are taking place in the Saudi market and actually, in terms of amounts of funding, Saudi is now taking over the most out of anywhere else in the region.”
One of the most prominent startups backed in Saudi is Calo which is a foodtech company. Now this startup is looking to list in the local market by 2027. It also recently joined a funding round for cooling solutions startup, Strataphy.
Bottom line: Plus VC’s increased investment highlights Saudi Arabia’s growing role as a regional hub for early-stage venture capital. The firm will fund startups across key sectors, supporting their growth and operational development in the region.
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