General Catalyst is set to make its first investment in a Saudi Arabian startup by backing Lean Technology, a fintech firm. This move comes amid growing interest from US investors in Saudi startups, despite the country’s human rights record. Previously, Coatue Management supported Tamara, a lending platform. Additionally, Flow, a co-living startup associated with a16z, has established an apartment complex in Riyadh. Saudi Arabia's Public Investment Fund has also been backing US venture capital firms to promote investments in the region's startups. General Catalyst is not currently listed among these firms.