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General Catalyst reportedly to back Saudi Arabian startup
Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning
Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. Other Saudi Arabian startups that US-based investors recently backed include a lending platform Tamara, that last year received capital from Coatue Management. While not a direct investment, a16z-backed Flow, a co-living startup founded by Adam Neumann, has opened an apartment complex in Saudi Arabia’s capital, Riyadh.
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