Riyadh - Sharikat Mubasher: Sanabil Investments, owned by the Public Investment Fund (PIF), and the multi-stage venture capital firm 500 Global unveiled the seventh batch of the Sanabil 500 MENA Seed Accelerator Program, including 12 startups from Saudi Arabia, UAE, Morocco, and the US, a recent statement revealed.
The seventh patch encompasses four Saudi startups: Agile Loop, Doos, Fai, and Sweply, along with other startups including Comfi, Desert Farms, Metric, MLNetworks, Octa, Poultry Sync, Reno, and Sav.
The 12 startups, selected out of around 400 applicants, focus on developing solutions across various sectors, notably fintech, e-commerce, foodtech, and proptech.
The Sanabil 500 MENA Seed Accelerator Program provides pre-seed and seed-stage startups across the MENA region with the foundation they need to validate and scale their business regionally and globally. So far, 77 companies have graduated from the program.
It is worth noting that batch six of the program included nine startups from Saudi Arabia and the UAE.