Singapore’s Golden Gate Ventures opens first Mena office in Saudi Arabia

Singapore’s Golden Gate Ventures opens first Mena office in Saudi Arabia

Golden Gate Ventures, a Singapore-based venture capital fund, has established an office in Saudi Arabia, as part of its expansion strategy into the wider Middle East and North Africa (Mena).

Founded in 2011, Golden Gate Ventures is a global, early-stage venture capital firm with investments spanning across three continents. It has so far invested in over 90 companies, with nine unicorns and two initial public offerings (IPOs) across its portfolio.

Since 2018, the firm has been actively supporting the Mena startup ecosystem through partnerships with several entities such as Endeavour.

Press release

Golden Gate Ventures, a venture capital fund founded by Silicon Valley natives, today announced the establishment of their first MENA office in Saudi Arabia to strengthen ties between Singapore and MENA, and accelerate the development of the MENA startup ecosystem.

Capitalising on the Singapore-GCC Connection

In October 2023, the Singapore government and Saudia Arabia elevated their ties to a 'strategic partnership' to enhance bilateral relations and cooperation, with trade and investment, green energy and digital economy as key priorities. In 2021, Singapore and the UAE strengthened their bilateral economic relationship across technology, Artificial Intelligence (AI) and space innovations. At Singapore's 2023 SWITCH Conference, Qatar brought a delegation of startups and government officials to meet with Singapore venture capital (VC) firms and founders.

"The entrepreneurship corridor between MENA and Singapore will have an unrivaled multiplier