“More than three dozen different forms or funds based in Saudi Arabia have made investments in U.S. startups since 2016 — with many leading or co-leading some of them. Saudi Arabia’s Public Investment Fund has led or co-led the most deals worth the most cash since 2016, however, most of those deals are older. In 2016, the firm led a $3.5 billion investment in Uber, and a $1 billion round for Lucid Motors in 2018. In total, the fund has led or co-led four rounds for U.S.-based startups totaling more than $5.3 billion.”

-Chris Metinko, Saudi Arabia Investment Is Increasing In US-Based Startups [Crunchbase]