- What
- Riyadh deeptech VC investing in climate, healthcare and AI startups.
- Who
- Founders of category-defining deeptech startups.
Checked · October 2026 · ulacap.com · How we check ↗
See Ula Capital on the map next to the other 115 programmes in Saudi Arabia — and filter the whole Gulf by type, deadline and equity.
Open the map →In detail
Ula Capital is a venture capital — deeptech in Saudi Arabia. Riyadh-based deeptech investment firm ("our home is in Riyadh", Neonexus, Al Olaya) that is regulated in Abu Dhabi and has offices in Silicon Valley and South Korea. It invests patient capital in founders building category-defining startups, with particular interest in climate, healthcare and AI, and adds hiring, strategy and introductions to clients and investors. Portfolio: SkipCash, Malaa, Pathway, Aurelius Systems.
- Amount
- Ticket size not published
- Eligibility
- Founders building category-defining deeptech startups
- Sectors
- Climate
- healthcare
- AI (as a horizontal)
- Benefits
- Hiring
- strategy
- introductions to clients and investors
- Ula Assembly founder community
- Portfolio
- SkipCash
- Malaa
- Pathway
- Aurelius Systems
- Status
- Active — no application form; site maintained 2026 (checked October 2026)
What the source says
“Whilst we are global, our home is in Riyadh. We are regulated in Abu Dhabi, and have offices in Silicon Valley and South Korea.”
“Global DeepTech Investment Firm”
“We invest in visionary founders, building category-defining startups that will change the world for the better.”
“We are particularly interested in climate, healthcare, and AI (as a horizontal) sectors.”
“As patient capital investors, we also provide significant value-add, including hiring, strategy, and introductions to clients and investors.”
“Our Portfolio: SkipCash, Malaa, Pathway, Aurelius Systems (logo alt texts under the 'Our Portfolio' heading; FuturePlay, StartSeed, Al Majdiah Investment, H2Solutions sit under 'Partners')”
Closing soon on the map
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Compare VC funds & investors in Saudi Arabia
| Cost | |||
|---|---|---|---|
| Ula CapitalRiyadh deeptech VC investing in climate, healthcare and AI startups. | not published | Equity | Active |
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| KAUST Innovation VenturesEquity investment of $100K–$700K, up to $500K at seed and up to $2M at early stage. | up to $2M | Convertible notes and equity | Open |
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| RAED VenturesEquity investment from pre-seed to Series A. | not published | Equity | Active |
| Riyadh Valley Company (RVC)University-backed equity investment. | not published | Equity | Active |
| Rua Growth FundEquity investment. | not published | Equity | Active |
| RZM InvestmentInvestment from a portfolio of 50+ active deals across 10+ sectors. | not published | Equity | Active |
| s60 VenturesEquity investment from pre-seed to Series A, selective from Series B. | not published | Equity | Open |
| Sadu CapitalEquity investment from pre-seed to Series A. | not published | Equity | Active |
| SEEDRA VenturesEquity investment from pre-seed to Series A. | not published | Equity | Active |
| Sharaka CapitalEquity investment from seed to Series A. | not published | Equity | Active |
| STVEquity from a $100M AI fund, plus NICE non-dilutive funding. | not published | Equity | Active |
| Suhail VenturesEquity investment pre-seed to Series A. | not published | Equity | Active |
| Sukna VenturesEquity investment from Pre-Seed to Series B. | not published | Equity | Active |
| Tech Invest ComEquity from Series A to B (seed opportunistically); SAR 1B committed. | not published | Equity | Open |
| Vision VenturesEquity or convertible-note investment, pre-seed to Series A. | not published | Equity or convertible note | Active |
| Wadi JeddahBacks university-linked startups. | not published | Equity | Active |
| anb Seed Fund (anb capital)CMA-regulated fintech venture fund of Arab National Bank, pre-seed to Series A. | not published | Equity | Active |
| Artal CapitalRiyadh investment manager whose growth fund backs Saudi tech companies. | not published | Equity | Active |
| Derayah VenturesEquity from a closed-ended sharia-compliant fund. | not published | Equity | Dormant |
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| Impact46Equity from a SAR 500M Fund III (plus a SAR 150M gaming fund). | not published | Equity | Active |
| JIMCO (Jameel Investment Management Company)Jameel Family investment arm; its tech fund (initially US$500M) backs funds and start-ups. | not published | Equity | Active |
| King Saud University Venture Fund (SparkLabs KSU Fund I)Accelerator funding up to $300K. | up to $300K | Not published | Closed |
| Mad'a Investment CompanyRiyadh investment firm whose venture arm backs high-growth Gulf startups. | not published | Equity | Active |
| Merak CapitalUp to $150K cash plus $150K in-kind (Exel programme), from a 3B+ AUM manager. | up to $150K | Equity | Active |
| Outliers Venture CapitalEquity investment. | not published | Equity | Active |
| Palm VenturesEarly-stage equity investment. | not published | Equity | Active |
| Pinnacle CapitalVenture capital for tech startups and strategic stakes in listed companies. | not published | Not published | Active |
| PropellerSeed and pre-Series A equity. | not published | Equity | Active |
| Redesign Health (Sanabil Venture Studio)Healthcare venture studio and VC; runs the Sanabil Venture Studio in Riyadh. | not published | Equity | Active |
| Riyad Taqnia Fund (RTF)Venture capital from a SAR 450MM close-ended fund, seed through Series B. | not published | Equity | Dormant |
| SAB Invest X-Tech FundVenture capital for early- and growth-stage tech start-ups, focused on financial innovation. | not published | Equity | Active |
| Sanabil InvestmentsEquity across venture, growth and small buyouts; accelerator route via 500 Global Saudi. | not published | Equity | Active |
| Ventures by Startups HouseEquity investment from an accelerator-backed fund. | not published | Equity | Active |
| Waad InvestmentEquity, Pre-Series A to Series B, from a firm with a $200M targeted value. | not published | Equity | Active |
| Watheeq PropTech Venture Fund (Watheeq Capital)CMA-licensed PropTech venture fund of Riyadh-based Watheeq Capital. | not published | Equity | Active |
| Wyld VCAI venture capital firm investing from early stage to pre-IPO. | not published | Equity | Active |
Highest amount in each programme’s own “What” line. Other currencies converted for sorting only (Gulf pegs; KWD, EUR, GBP approximate).
All VC funds & investors in Saudi Arabia → · Across the Gulf →
Questions founders ask
What does Ula Capital offer?
Riyadh deeptech VC investing in climate, healthcare and AI startups.
Does Ula Capital take equity?
Equity.
How do I apply?
No application form is published. Its website is the way in.
Sources
Primary source · ulacap.com · Checked October 2026