Women-led startups amongst finalists in PIF’s Sanabil, 500 Global accelerator program
RIYADH: Sanabil Investments, wholly owned by the Public Investment Fund, and 500 Global, a number one world enterprise capital agency on Sunday unveiled 11 startups within the second batch of the Sanabil 500 MENA Seed Accelerator Program 2021.
Female founders lead a 3rd of the batch, signaling 500 Global’s dedication to proceed supporting variety. The program offers pre-seed and seed-stage startups throughout the Middle East and North Africa with the muse they should validate and scale their enterprise regionally and globally.
Selected out of 500 candidates, the finalists are working in a various vary of sectors, together with fintech, ecommerce, NFT, well being tech, and actual property tech.
“The Sanabil 500 MENA Seed Accelerator goals to create a resilient, built-in, and sustainable entrepreneurial ecosystem that pulls younger firms from across the area and contributes to its development. We’re excited to help such gifted founders as they embark on a promising journey,” mentioned Bedy Yang, managing associate at 500 Global.
More than 60 p.c have their predominant operations in Saudi Arabia or have a founding father of Saudi origin, whereas startups with out headquarters within the nation have indicated their intent to ascertain operations in Saudi Arabia throughout the subsequent three years.
“Our 11 finalists mirror the evolving breadth and depth of at present’s entrepreneurial ambitions and the place founders imagine their services may quickly make a distinction in our on a regular basis lives,” mentioned a Sanabil spokesperson.
The 12-week program, which concluded in Riyadh with Demo Day, provided founders devoted mentorship with a give attention to enterprise technique improvement, fundraising, and development.
Following is the checklist of the batch 2 startups:
Bringy: Enables clients to buy and declare insurance coverage on-line with just a few easy clicks.
Nuqtah: NFT market for creatives in Saudi Arabia.
Ameen: Licensed therapist within the consolation of your private home.
Jingle Pay: Digital banking app that simplifies expats’ on a regular basis monetary wants.
Below: Direct-to-consumer centered on below-the-waist hygiene merchandise for males in MENA.
Playbook: Edutainment platform {and professional} community that accelerates profession development for ladies.
Nitros: Multicarrier delivery software program empowering on-line retailers to automate their delivery operations.
Letswork: A market and digital membership that connects customers to on-demand workspaces, non-public places of work and assembly rooms.
Juleb: SaaS for pharmacies that helps enhance their gross sales and ensures compliance via an enterprise useful resource planning system that streamlines level of sale processes.
TeamUp: Event administration app for organizing and sharing sports activities competitions.
Twinn Health: Enables early illness detection utilizing imaging and AI instruments to increase a wholesome human lifespan.
