HomeSaudi ArabiaSanabil Venture Studio Announces The Launch of Four Startups

Sanabil Venture Studio Announces The Launch of Four Startups

Sanabil

Sanabil Investments, a financial investment company wholly owned by the Public Investment Fund (PIF), announced that its Venture Studio is launching four startups.

The Venture Studio is designed to enhance Saudi’s startup ecosystem, creating new startups every year and developing local talent. The initial focus is on three sectors within the PIF’s Strategic Pillar program: Fintech, Consumer Goods and Tourism & Leisure.

Started in 2023, the studio now has four minimum viable products currently live.

Sanabil has partnered with Stryber, a strategic growth advisory and venture builder headquartered in Switzerland with offices across the globe, to create and run the Venture Studio and de-risk each stage of the venture-building process.

Sanabil is a financial investment company, wholly owned by the Public Investment Fund (PIF) that commits more than USD 3 Billion in capital per annum into global private investments that include VC/Growth.

VCWire

01/05/2024