500 Global and Sanabil Announce Seventh Batch of MENA Seed Accelerator Program

500 Global and Sanabil, a financial investment company wholly owned by the Public Investment Fund (PIF), have revealed the seventh batch of their Sanabil 500 MENA Seed Accelerator Program, supporting companies in the Middle East and North Africa.

The twelve selected companies operate in sectors such as Fintech, Foodtech, SaaS, ML & Software, E-Commerce, AgTech, AdTech, and Proptech, with the majority of applicants coming from Saudi Arabia, UAE, and Egypt. The accelerator program aims to provide startups with the foundational support needed to validate and expand their businesses regionally and globally. 

The program has already graduated seventy-seven companies and is set to culminate on May 29, 2024, with a Demo Day at the Four Seasons Hotel in Riyadh. The event will feature presentations from the final batch of companies in front of a live audience and will be live-streamed on YouTube. The selected companies offer diverse solutions, including self-learning AI, financial analytics apps, and automated tax management. Here are the Batch 7 companies that have made it through to the final round:

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

 The program is already accepting applications for the next cohort.