Where Saudi Arabia Is Investing Inwards Tech
Just a heads-up, although we've establish CB Insights to locomote to a greater extent than oft than non reliable, the reveal for the Kingdom's investment inwards Uber doesn't await right, fifty-fifty if you lot were to count a flow-through from the Saudi investment inwards Softbank's Vision Fund which CB says they don't do.
Here's CrunchBase's latest tally which shows full investment into the Ubester at $24.2 billion.
If the $16.8 billion figure for Saudi's investment was right it would hateful they've contributed two-thirds of all the loot Uber hasburned received.
From CB Insights, Oct 16:
Kingdom of Saudi Arabia has been ramping upwardly its tech investments inwards recent years, but the disappearance of a US-based Saudi journalist is causing tension amongst international businesses.
Kingdom of Saudi Arabia has made headlines inwards recent weeks, next the disappearance of Saudi journalist Jamal Khashoggi.
This has led a reveal of major corporations to dorsum out of the country’s global investment conference, the Future Investment Initiative.
The disceptation comes at a fourth dimension when the Kingdom’s investment activeness has picked upwardly substantially, mainly driven by the country’s plans for economical diversification away from oil as well as into the broader tech space.
Most recently, the country’s sovereign wealth fund, the Public Investment Fund of Kingdom of Saudi Arabia (PIF), has garnered media attending amongst its investments inwards ii electrical vehicle manufacturers, Tesla and Lucid Motors.
Below nosotros outline the Kingdom’s investments over the yesteryear 5 years including not only PIF but also the Saudi Royal Family, the Kingdom of Saudi Arabia, as well as Kingdom Holding Company, the investment arm of Prince Alwaleed Bin Talal Alsaud.
That said, PIF has been the virtually dominant investor representing the country’s leadership, amongst its $3.5B bet on Uber inwards June 2016 every bit good every bit participating inwards billion-dollar investments inwards Noon, Virgin Galactic, as well as virtually latterly Lucid Motors.
In improver to these investments, it’s worth noting that PIF also has rigid ties amongst SoftBank, contributing $45B to the company’s $100B Vision Fund inwards Oct 2016 as well as thence agreeing to invest to a greater extent than or less other $45B for the fund this year.
The Vision Fund is SoftBank’s tech-focused investment fund that’s invested inwards high-profile startups such every bit Slack as well as WeWork. (We create non include Vision Fund investments inwards the tabular array below.)
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Here's CrunchBase's latest tally which shows full investment into the Ubester at $24.2 billion.
If the $16.8 billion figure for Saudi's investment was right it would hateful they've contributed two-thirds of all the loot Uber has
From CB Insights, Oct 16:
Kingdom of Saudi Arabia has been ramping upwardly its tech investments inwards recent years, but the disappearance of a US-based Saudi journalist is causing tension amongst international businesses.
Kingdom of Saudi Arabia has made headlines inwards recent weeks, next the disappearance of Saudi journalist Jamal Khashoggi.
This has led a reveal of major corporations to dorsum out of the country’s global investment conference, the Future Investment Initiative.
The disceptation comes at a fourth dimension when the Kingdom’s investment activeness has picked upwardly substantially, mainly driven by the country’s plans for economical diversification away from oil as well as into the broader tech space.
Most recently, the country’s sovereign wealth fund, the Public Investment Fund of Kingdom of Saudi Arabia (PIF), has garnered media attending amongst its investments inwards ii electrical vehicle manufacturers, Tesla and Lucid Motors.
Below nosotros outline the Kingdom’s investments over the yesteryear 5 years including not only PIF but also the Saudi Royal Family, the Kingdom of Saudi Arabia, as well as Kingdom Holding Company, the investment arm of Prince Alwaleed Bin Talal Alsaud.
That said, PIF has been the virtually dominant investor representing the country’s leadership, amongst its $3.5B bet on Uber inwards June 2016 every bit good every bit participating inwards billion-dollar investments inwards Noon, Virgin Galactic, as well as virtually latterly Lucid Motors.
In improver to these investments, it’s worth noting that PIF also has rigid ties amongst SoftBank, contributing $45B to the company’s $100B Vision Fund inwards Oct 2016 as well as thence agreeing to invest to a greater extent than or less other $45B for the fund this year.
The Vision Fund is SoftBank’s tech-focused investment fund that’s invested inwards high-profile startups such every bit Slack as well as WeWork. (We create non include Vision Fund investments inwards the tabular array below.)
| Company | Date | Total funding ($M) | Round |
|---|---|---|---|
| Lucid Motors | 9/17/2018 | $1,131 | Unattributed |
| Tesla | 8/8/2018 | – | PIPE |
| Deezer | 8/2/2018 | $441.8 | Series F |
| ACWA Power | 7/5/2018 | – | Corporate Minority |
| QuantCube | 5/29/2018 | $5 | Series A |
| Endeavor | 3/19/2018 | $1,805 | Corporate Minority – III |
| Magic Leap | 3/7/2018 | $2,353.5 | Series D – III |
| Penske Media Corporation | 2/28/2018 | $200 | Corporate Minority |
| Virgin Galactic | 10/26/2017 | $1,390 | Unattributed – III |
| Careem Networks | 6/15/2017 | $571.7 | Series eastward – II |
| JetSmarter | 12/12/2016 | $155 | Series C – II |
| Noon | 11/14/2016 | $1,000 | Unattributed |
| Uber | 6/1/2016 | $16,858.74 | Series G – III |
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