HomeSaudi Arabia500 Global and Sanabil Investments Announce Batch 6 of their MENA Seed...

500 Global and Sanabil Investments Announce Batch 6 of their MENA Seed Accelerator Program

500 Global

Multi-stage venture capital firm 500 Global and KSA-based financial investment company Sanabil Investments announced the sixth batch of their MENA Seed Accelerator Program, aimed at helping up-and-coming companies scale up in the region.

The final selected companies are focused on developing solutions across a diverse range of sectors, including Fintech, Foodtech, SaaS, Proptech, E-Commerce, and Legaltech.

The nine companies, from Saudi Arabia and the UAE, are:

The following is the list of Batch 6 companies that have made it through to the final round:

  • Behja (Saudi Arabia): Rent to own service that enables a flexible path to home-ownership without the burden of commitment.
  • Blink (Saudi Arabia): Helps restaurants break their dependency on food delivery aggregators and boosts their profitability by building and managing their online ordering systems.
  • Ejari (Saudi Arabia): Offers a ‘Rent Now Pay Later’ service that gives tenants the convenience of flexible payment options.
  • FIFOplus (Saudi Arabia): Maximizes restaurant profits and efficiency with an AI powered all-in-one procurement solution.
  • Milenow (UAE): Helps fleet operators supercharge their processes with an integrated logistics & commerce platform.
  • Nqoodlet (Saudi Arabia): A digital platform for companies to manage their expenses by providing their employees with prepaid cards.
  • Qanoniah (Saudi Arabia): Enables companies to find, understand, and manage accurate up-to-date legal content in seconds.
  • Reachware (Saudi Arabia): An integration Platform for medium and large enterprises that connect different data systems in one click.
  • Socialee (Saudi Arabia): A video commerce platform, connecting beauty content creators & consumers, through honest product reviews.

The Sanabil 500 MENA Seed Accelerator Program provides pre-seed and seed-stage startups across the Middle East and North Africa with the foundation they need to validate and scale their business regionally and globally. The 12-week program offers founders one-on-one mentorship with a focus on business strategy development, fundraising, and growth. It culminates on December 5, 2023, with Demo Day at Alwaseel Gem in Riyadh, in front of a live audience of key stakeholders, including members of the venture capital ecosystem, corporates and industry professionals. The event will also be live-streamed to a general audience on YouTube.

Since 2021, the Sanabil 500 Seed Accelerator program has accelerated 68 startups throughout 5 batches.

VCWire

22/11/2023