Country comparison

China vs Saudi Arabia: startup funding compared

Since 6 June 2025, startups in China raised $28.3B across 64 rounds, 29.0 times Saudi Arabia's $976M.

$28.3BCapital raised$976M
64Rounds42
$112MMedian round$3.5M
4.0%Share of all capital0.1%
27%Early-stage rounds79%

Capital raised running total by month

$28.3B$14.1B China, end of Jun 25: $97.4MChina, end of Jul: $306MChina, end of Aug: $451MChina, end of Sept: $518MChina, end of Oct: $518MChina, end of Nov: $571MChina, end of Dec: $1.2BChina, end of Jan 26: $3BChina, end of Feb: $4.4BChina, end of Mar: $4.9BChina, end of Apr: $7BChina, end of May: $7.3BChina, end of Jun: $7.3BChina, end of Jul: $11BChina, end of Aug: $11BChina, end of Sept: $12.6BChina, end of Oct: $28BChina, end of Nov: $28.3BSaudi Arabia, end of Jun 25: $50.3MSaudi Arabia, end of Jul: $342MSaudi Arabia, end of Aug: $460MSaudi Arabia, end of Sept: $464MSaudi Arabia, end of Oct: $470MSaudi Arabia, end of Nov: $474MSaudi Arabia, end of Dec: $474MSaudi Arabia, end of Jan 26: $483MSaudi Arabia, end of Feb: $542MSaudi Arabia, end of Mar: $549MSaudi Arabia, end of Apr: $549MSaudi Arabia, end of May: $590MSaudi Arabia, end of Jun: $592MSaudi Arabia, end of Jul: $592MSaudi Arabia, end of Aug: $599MSaudi Arabia, end of Sept: $964MSaudi Arabia, end of Oct: $976MSaudi Arabia, end of Nov: $976M Jun 25SeptDecMarJunSept
ChinaSaudi Arabia
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Where the money goes share of capital by sector

China

  • AI84%$23.8B
  • Robotics & Hardware8%$2.1B
  • Other5%$1.3B
  • Health3%$765M
  • Climate & Energy1%$252M

Saudi Arabia

  • Fintech50%$485M
  • Consumer26%$257M
  • Enterprise software12%$116M
  • AI8%$82.2M
  • Other2%$22.4M
  • Robotics & Hardware1%$12M

Biggest rounds

Stage mix share of rounds

ChinaSaudi Arabia
9%Pre-Seed and Seed57%
17%Series A21%
16%Series B7%
14%Series C and later0%
44%Other or undisclosed14%

Most active investors rounds joined

InvestorChinaSaudi Arabia
Qiming Venture Partners7·
IDG Capital6·
500 Global·5
5Y Capital5·
Impact46·5
COTU Ventures·4
LAV4·
Merak Capital·4
MPCi4·
Tencent4·
BioTrack Capital3·
HSG3·

Startup hubs rounds and capital by city

China

  • Beijing19$6.8B
  • Shanghai10$1.2B
  • Shenzhen9$950M
  • Hong Kong1$400M
  • Suzhou3$170M
  • Hangzhou1$52M

Saudi Arabia

  • Riyadh27$920M
  • Jeddah1$1.2M

Latest rounds

Questions

Which country raised more startup funding, China or Saudi Arabia?

China. Since 6 June 2025, startups in China raised $28.3B across 64 rounds, against $976M across 42 rounds in Saudi Arabia, 29.0 times more. That is 4.0% and 0.1% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in China and Saudi Arabia?

64 rounds in China and 42 rounds in Saudi Arabia since 6 June 2025, about 4 and 2 a month.

Are startup rounds bigger in China or Saudi Arabia?

The median round is $112M in China and $3.5M in Saudi Arabia, and the average round $441M and $23.2M. The median shows the typical round; the average is pulled up by a few very large ones.

What is the biggest startup round in China?

The biggest startup rounds in China since 6 June 2025 are DeepSeek ($15B, 22 Oct 2026), Moonshot AI ($3.5B, Series F, 30 Jul 2026) and StepFun ($717M, 26 Jan 2026).

What is the biggest startup round in Saudi Arabia?

The biggest startup rounds in Saudi Arabia since 6 June 2025 are barq ($330M, Series A, 15 Sept 2026), Ninja ($254M, Growth, 8 Jul 2025) and Gathern ($72.1M, Series B, 20 Aug 2025).

Which sectors attract the most startup funding in China and Saudi Arabia?

In China, AI ($23.8B, 84% of the capital), Robotics & Hardware ($2.1B, 8%) and Health ($765M, 3%) lead. In Saudi Arabia, Fintech ($485M, 50% of the capital), Consumer ($257M, 26%) and Enterprise software ($116M, 12%) lead.

Is China or Saudi Arabia better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 27% of rounds in China and 79% in Saudi Arabia. China recorded 6 Pre-Seed or Seed rounds and Saudi Arabia 24 Pre-Seed or Seed rounds, with a median of $41.9M and $1.7M.

How much growth funding (Series B and later) goes to China and Saudi Arabia?

Startups in China raised $6.1B in 19 Series B or later rounds, 22% of the country's capital. In Saudi Arabia, $132M in 3 rounds, 14% of the capital.

Who are the most active startup investors in China?

Qiming Venture Partners (7 rounds, 2 led), IDG Capital (6 rounds, 5 led) and 5Y Capital (5 rounds) are the most active investors in China.

Who are the most active startup investors in Saudi Arabia?

Impact46 (5 rounds, 3 led), 500 Global (5 rounds) and Merak Capital (4 rounds, 3 led) are the most active investors in Saudi Arabia.

Which investors back startups in both China and Saudi Arabia?

No investor in FundraiseBase joined rounds in both countries yet.

Which cities lead startup funding in China and Saudi Arabia?

Beijing leads China with $6.8B across 19 rounds, ahead of Shanghai ($1.2B). Riyadh leads Saudi Arabia with $920M across 27 rounds, ahead of Jeddah ($1.2M).

Which month brought the most startup funding?

In China, October 2026 ($15.5B). In Saudi Arabia, September 2026 ($364M).

How much did startups in China and Saudi Arabia raise in the last 90 days?

In the 90 days to 9 Nov 2026, startups in China raised $17.3B across 14 rounds and in Saudi Arabia $381M across 9 rounds.

Where does this data come from?

FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.

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