HomeSaudi Arabia12 Startups of Sanabil 500 MENA Seed Accelerator Program Batch 7 Announced

12 Startups of Sanabil 500 MENA Seed Accelerator Program Batch 7 Announced

500 Global

Multi-stage venture capital firm 500 Global and Sanabil, a Riyadh, Saudi Arabia-based financial investment company wholly owned by the Public Investment Fund (PIF), announced the seventh batch of their Sanabil 500 MENA Seed Accelerator Program.

The twelve companies were selected out of around 400 applicants from the Middle East & North Africa, with Saudi Arabia, UAE, and Egypt as the top three countries. The final selected companies are focused on developing solutions across a diverse range of sectors, including Fintech, Foodtech, SaaS, ML & Software, E-Commerce, AgTech, AdTech, and Proptech.

Companies include:

  • Agile Loop (Saudi Arabia), which provides a self-learning AI that listens to users, learns their tasks, and operates computers on their behalf.
  • Comfi (UAE), which frees up cash flow for B2B suppliers by paying them upfront while offering flexible payment terms for their buyers
  • Desert Farms (USA), which provides a D2C baby formula that delivers the superfood benefits of Camel Milk.
  • Doos (Saudi Arabia), a provider of a lifestyle app that delivers your daily needs and wants with premium experience in less than 30 minutes
  • Fai (Saudi Arabia), a provider of a solution that automates tax management for SMEs and individuals, to ensure compliance.
  • Metric (UAE), a provider of a financial analytics app that helps business owners make better decisions by organizing their scattered financial data into actionable insights.
  • MLNetworks (Morocco), which helps Telcos to design, operate and optimize their networks more intelligently through an end-to-end data platform.
  • Octa (UAE), a provider of an automated invoice collection process helping B2B companies get paid on time.
  • Poultry Sync (UAE), a provider of a genetics-to-table AI-powered platform to comply with safety regulations and boost profits for poultry producers.
  • Reno (UAE), a provider of a digital platform enabling homeowners make dream homes a reality by simplifying and managing the whole renovation process.
  • Sav (UAE), a provider of an inclusive platform helping consumers spend and save smarter through gamified personalized journeys.
  • Sweply (Saudi Arabia), a company that is working to create, manage, and analyze digital marketing campaigns on multiple platforms from one place.

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. Seventy-seven companies have already graduated from the program.

VCWire

14/05/2024