Founded and headquartered in Denmark, Ra is a corporate innovation and venture development firm. The launch in Saudi Arabia comes in response to growing demand for startup building and capital raising expertise in Saudi Arabia. One reason why Saudi-based startups are bucking the global trend: the high level of corporate venturing activity. Spending by corporates into startups (known as corporate venturing) is at a high in the kingdom. The fresh studio in Saudi Arabia is the fourth locale for Ra in the Middle East and North Africa.

Source: The North Africa Journal July 31, 2023 09:56 UTC