Investor Profile: Impact46 — Thesis, Cheque Size & How to Apply

Saudi venture capital rarely has a clearer home-grown success story than Impact46. If you are researching Impact46 funding, the short version is this: a Riyadh-based asset manager, licensed by the Saudi Capital Market Authority (CMA) and founded in 2019, that invests in tech startups from seed to pre-IPO across Saudi Arabia and the wider MENA region. Its headline vehicle is Fund III, a SAR 500 million ($133 million) fund announced in February 2023 — the third and largest fund in the firm's history. The firm states its goal plainly: back founders who localise proven technology and build homegrown solutions, aligned with Saudi Vision 2030.

Impact46's investment thesis and focus sectors

Impact46 invests in Saudi and regional tech-driven startups through sector-focused and diversified funds, adding strategic value creation and governance support. Its stated focus is fintech, e-commerce, SaaS, platforms, and cybersecurity. Fund III targets Saudi growth-stage companies up to pre-IPO stage, with an allocation for seed startups and promising ventures from the broader MENA region. The majority of the portfolio is Saudi-based.

Funds and firepower

The Seed Fund (launched 2019) has recorded a 3.6x return; the Growth Fund (2021) a 1.9x return. Fund III — SAR 500 million — began deploying in mid-2023, with Saudi Venture Capital (SVC) later committing $30 million. In March 2024 the firm added a gaming fund of SAR 150 million (about $40 million) backing five MENA studios. The firm had invested in more than 35 startups by 2023 and reported SAR 4.9 billion ($1.3 billion) in managed assets in 2021.

Notable portfolio and exits

The firm's signature deal is Jahez: Impact46 led its SAR 137 million Series A in 2020 for a 40% stake, and Jahez listed on Nomu in December 2021 — the first Saudi tech IPO — reportedly returning 22x. The firm exited Rasan with a reported 10x return after its 2024 listing; both IPOs are claimed on the firm's own site. Other disclosed exits include Tamara and Lendo. Disclosed portfolio names include Lucidya (SaaS), Tameeni (fintech), Raya Financing, Cashin (whose SAR 60 million Series A Impact46 led in 2026), Fahy (gaming), and Speero, Chefz, and Raqamyah via the Impact Seed Fund.

Key partners

Impact46 was founded by Abdulaziz AlOmran, who serves as Founder and Chief Executive Officer, alongside Managing Partner Basmah AlSinaidi. The firm presents itself as one of the first venture-capital-focused companies authorised by the CMA.

Programs and initiatives

The Impact Seed Fund, the firm's early-stage vehicle, was selected to join the Draper Venture Network programme. Impact46 also runs a credit-advisory arm arranging sukuk for mid-market companies — a separate line of business, not startup funding. The firm does not publicly advertise founder credits or perks programmes.

How to apply for funding

Impact46 does not state a public pitch portal or application form on its website. Its contact page lists email [email protected], phone +966 (0) 11 2381660, its Riyadh office (Laysen Valley, Building 23, King Khaled Road), and its LinkedIn and X accounts. Founders should reach the team through these published channels; a warm introduction via the Saudi startup ecosystem is likely the strongest route, but the listed contacts are the stated starting point.