Automotive
Regional startup funding fell to about $40M in October; Saudi firms took almost half
Nine Saudi companies raised about $18.8M, led by Autobia's $12M Series A.
From the archiveStartups in the Middle East and North Africa raised about $40M across 32 deals in October 2026, according to Jawlah. Deal count fell 56% from 73 in September, when funding topped $1.1bn on the back of three large Saudi fintech rounds.
Nine Saudi companies raised about $18.8M, roughly 47% of the month's total. Autobia's $12M Series A, led by Artal Capital, accounted for most of it. Jawlah does not name the source of the monthly figures, so they may differ from Wamda's monthly report when it appears.