Pre-Series A

Seed

Pre-Seed

Series B

Africa

Levant

Asia (ex. GCC & Levant)

Riyadh

Learn how Sanabil 500 MENA Seed Accelerator drives innovation in technology through strategic investments. Profiles on Lucidity Insights.

Sanabil 500 MENA Seed Accelerator

Sanabil 500 MENA Seed Accelerator is a joint initiative by Sanabil Investments and 500 Startups.

Series A

Noon Academy

Education

EdTech

E-Learning

Social learning platform making learning a more joyful, collaborative, and innovative experience.

Lahore

PostEx

Finance

Financial Services

Payments

PostEx is a hybrid of receivables factoring solution and courier service that pays invoice values upfront to E-commerce companies offering Cash on Delivery as one of their modes of payment.

Ejari

Proptech

Real Estate

Rental

Property

Ejari is a Saudi real estate technology company that provides a rent now and pay later service for residential units.

Dubai

Qashio

Fintech

Accounting

EdfaPay

EdfaPay Is a Fintech Company That Uses Soft-PoS Technology and Payment Gateway Services for Online and Offline Merchants to Give the Most Efficient Payment Solutions!

Cairo

intella

Logistics & Storage

intella is a visibility and insights provider that delivers intelligence to businesses in real time.

Debt Financing

Comfi Payments

Information Technology

Payment

Mobile Payments

Comfi is a B2B payments platform allowing suppliers and wholesalers to offer risk-free credit terms and automate receivables.

Eighty6

Food and Beverage

Reachware

SaaS

Business Intelligence

Artificial Intelligence

Cloud Services

Reachware is the top IPaaS in the Middle East, connecting systems for a unified ecosystem. Trusted by global enterprises.

Jeddah

Barakah

Casablanca

LNKO

Retail

E-Commerce

Retail & Wholesale

Fashion

LNKO is an e-commerce startup that specializes in trendy glasses. It operates on a D2C (direct-to-consumer) model. By removing intermediaries from the sales chain, the brand can offer high-quality glasses and lenses for 550 dhs.

PointCheckout

PointCheckout develops an online payment platform intended for loyalty and reward points.

Bringy

Walzay

Amwal

Crowdfunding

Lisan

AI/IoT

Lisan is an AI writing platform offering state-of-the-art proofreading and grammar checking to help individuals who write in Arabic to maximize their productivity, create exceptional content using cutting-edge generative AI models, and automate tasks with AI accelerators.

Neqabty

Healthcare

Egab

Digital Media

Deben

MammyApp

Qanoniah

Taskeer

Taskeer provides an online platform that facilitates ROSCA deals and assures timely payments.

Sadq

Software

Noon - The Social Learning Platform

DillX

Legal Tech

DillX is a SaaS-based legal tech platform that automates investment due diligence to mitigate risk and maximize returns. The company serves investors and companies in the Middle East and Africa. With its platform, investors can assess more startups while reducing risk.

LivLyt

Consumer Electronics

CADO Gifting

Amman

Konn Technologies

Construction

Property Management

Konn Technologies is a proptech company based in Riyadh, Saudi Arabia. We provide a platform that enables developers to build fully customized homes at scale, through a suite of integrated technologies for large and medium scale off-plan housing communities.

Konn bridges the gap between real estate developers' needs for efficiency andbusiness performance, with homeowners' needs for personalization and transparency. Konn’s Online Design Studio, the Kit-of-Parts Library, and the Order Management System allow thousands of customers to customize their off-plan homes while ensuring smooth and efficient production and delivery operations for the builders.
Konn’s mission is to lead the way into the future of living with next-gen homes through technology.

Karaz Health

Medicarri

Logistics

Stuck

Apps

FarmUnboxed

Consulting

Muscat

Grant

Monak e-Services

Beauty

Financing Platform

Order online from your favorite Supermarkets, Perfumes & Oud Outlets, electronic stores, etc with insurance, Home Services, Tour & Travel, utility recharge & top-up, Beauty Services, Car Cleaning & Services, etc now click far away.

NutriCal

Wellx

Insurance

Mod5r

AMUSED Co

Juleb

Pharmaceutical

Glance Care

Jingle Pay

Analytics

FIFOplus

Noon, the Saudi-based Edtech startup offering peer-to-peer social learning for students in the MENA region, announced closing a SAR 153 million ($41 million) Series B funding round.

The round was co-led by Wa’ed Ventures and Raed Ventures, with participation from SVC, STV, Riyadh Valley Company (a subsidiary of King Saud University), Endeavor, Sanabil 500, Qyem Development Holding, and Nahlat Alarab Holding, among other strategic investors.

Through its innovative peer-to-peer, social learning approach, Noon has engaged over 12 million students across Mena and Pakistan.

This effective methodology has not only fostered high levels of engagement but also facilitated the scalability of star teachers. Remarkably, a select group of 50 teachers on Noon have successfully educated six million students. This breakthrough has democratised access to exceptional education, particularly for students in remote areas.

Building upon this notable success, Noon is poised to enhance the traditional classroom experience by integrating its proven approach directly into physical classrooms, furthering its commitment to providing quality education universally, and capitalising on the latest developments in generative AI.

“We exist to radically change the way people learn,” noted Mohammed Aldhalaan, cofounder and CEO at Noon. "As we extend our presence into physical classrooms, our goal is to introduce unparalleled engagement levels within the classroom while providing students with the opportunity to learn from exceptional educators.”

Saudi Edtech Noon is Driving Educational Equity with $41 Million Series B

RIYADH, Saudi Arabia--(BUSINESS WIRE)--500 Global, a leading multi-stage venture capital firm, and Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth, and small buyouts, today unveiled the 14 startups in Batch 5 of the Sanabil 500 MENA Seed Accelerator Program 2023.

The final set of companies that have been chosen are focused on developing solutions within a diverse range of sectors, including Fintech, Foodtech, SaaS, ML & Software, E-Commerce, and Proptech. Applicants come from the Middle East & North Africa, with Saudi Arabia, UAE, and Egypt as the top three countries. The 14 companies chosen were selected out of more than 610 applicants from MENA – making it one of the most competitive Batches since the inception of the Program.

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. More than 50 companies have already graduated from the program.

500 Global and Sanabil Investments announce Batch 5 of the Sanabil 500 MENA Seed Accelerator Program

Sanabil 500 MENA Seed Accelerator

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 6 sectors we invest in

Portfolio Companies
or Investments

About

Legal

Social Media

Sanabil 500 MENA Seed Accelerator

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 6 sectors we invest in

Portfolio Companies or Investments

About

Legal

Social Media

Portfolio Companies
or Investments