Sanabil

Sanabil Investments is a sovereign wealth fund specializing in direct and fund of funds investments. Its investments are concentrated in direct equity investments, primarily in the Kingdom, and in funds, as well as in diversified investment portfolios. These investments support the growth of the Kingdom’s economy while building international investment capability and transferring expertise to local Saudi talent.

Hani Enaya Ph.D

Head of Venture Capital

Past deals in Middle East

iMENA Group

Funding Round in 2025
Founded in 2013, iMENA Group is a venture capital investment firm based in Abu Dhabi. It focuses on investing in, building, and partnering with innovative companies across the technology, information, and internet sectors within the Middle East and North Africa region.

Kitchenara

Seed Round in 2024
Kitchenara, a Saudi Arabian tech startup, specializes in food delivery services. It aims to revolutionize online food ordering by incorporating genuine video reviews and influencer content, ensuring customers make informed decisions based on transparent and engaging information.

Salla

Venture Round in 2024
Salla is a Saudi-based e-commerce platform enabling users to establish their online stores in Arabic. It offers custom branding, inventory management via web or app, and tools such as automatic invoices, customer database, discounts, and more.

Socialee

Pre Seed Round in 2023
Socialee, established in 2023, is a Dubai-based video commerce platform that bridges the gap between brands, content creators, and consumers. It specializes in beauty products, offering an authentic shopping experience through honest video reviews. Users can discover and purchase products via trustworthy reviews from fellow shoppers, creators, and brands, with creators monetizing based on review authenticity.

Tamara

Series C in 2023
Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded in September 2020 by Abdulmajeed Alsukhan and his partners, the company aims to revolutionize shopping, payment, and banking experiences. With a workforce of over 350 employees, Tamara operates additional offices in the UAE, Egypt, Germany, and Vietnam. The platform empowers merchants by providing flexible payment solutions, including installment options, through its application programming interfaces and plugins. This functionality enhances customer experiences and boosts sales for merchants. Tamara has established a robust customer base of 6 million and collaborates with over 15,000 partner merchants, which include both leading global brands and local small and medium enterprises. The company has successfully raised significant funding, highlighting its strong market presence and growth potential.

Nearpay

Series A in 2023
Based in Saudi Arabia, Nearpay is a fintech company dedicated to simplifying merchant payments. They develop innovative payment infrastructure solutions tailored for banks, payment providers, and SaaS startups.

Lendo

Series B in 2023
Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday business activities easier, more secure, and more efficient for both investors and borrowers alike.

Wellx

Seed Round in 2023
Based in Dubai's DIFC Innovation Hub, Wellx is the Middle East's pioneering wellness-focused InsureTech company. Founded by Vaibhav Kashyap and Javed Akberali, it offers personalized health insurance plans that encourage engagement in various wellness activities such as gym visits, healthy eating, mental wellness programs, and wearable tech usage. Leveraging advanced data analytics tools, Wellx tailors wellness experiences for individuals, families, corporates, and SMEs.

Qardy

Venture Round in 2023
Qardy is a financial services provider focused on supporting small and medium-sized enterprises (SMEs) in the Middle Eastern and North African (MENA) region. The company offers a broad range of financial solutions, including factoring, leasing, and both long-term and short-term loans. By leveraging a digital platform, Qardy simplifies access to financing for SMEs that may struggle to secure traditional loans. The company's mission is to empower these businesses, promote financial inclusion, and address the loan financing gap, ensuring that SMEs have the necessary resources to thrive and grow.

Tamara

Series B in 2022
Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded in September 2020 by Abdulmajeed Alsukhan and his partners, the company aims to revolutionize shopping, payment, and banking experiences. With a workforce of over 350 employees, Tamara operates additional offices in the UAE, Egypt, Germany, and Vietnam. The platform empowers merchants by providing flexible payment solutions, including installment options, through its application programming interfaces and plugins. This functionality enhances customer experiences and boosts sales for merchants. Tamara has established a robust customer base of 6 million and collaborates with over 15,000 partner merchants, which include both leading global brands and local small and medium enterprises. The company has successfully raised significant funding, highlighting its strong market presence and growth potential.

Drahim

Pre Seed Round in 2022
Drahim is a Saudi Arabian fintech company that develops a digital platform for personalized financial planning. It analyzes users' financial habits to provide tailored investing plans, acting as a comprehensive budgeting app that tracks transactions and offers suggestions on saving and wealth growth.

Siolla

Pre Seed Round in 2022
Siolla develops an online platform enabling users to invest spare change automatically into diversified investment baskets, promoting regular saving habits.

Countd

Pre Seed Round in 2022
Countd is an online platform based in Dubai, United Arab Emirates, that specializes in creating and delivering personalized meal plans. The platform empowers users to adopt healthier eating habits, lose weight, and achieve wellness goals through its fitness application. It offers wellness and nutrition coaching, health monitoring, and the ability to filter meals by diet type, calorie counts, and macronutrient profiles. Users can select meals that align with their dietary preferences, while the application sources options from nearby healthy food restaurants. Countd provides access to meal plans designed by nutritionists, facilitating a path to healthier living.

Foodics

Series C in 2022
Foodics is a cloud-based restaurant management platform that runs on an iPad, offering point-of-sale transactions, inventory management, employee scheduling, loyalty programs, e-commerce, and a management dashboard. The system integrates an iPad kitchen display, menu management, notifications, call center, and inventory and supply chain capabilities to provide a holistic view of operations. Founded in 2014 and headquartered in AlKhobar, Saudi Arabia, Foodics serves restaurants, food trucks, cafes, and quick-service chains in the Middle East, with thousands of customers and real-time operational insights. The platform supports English and Arabic, offers various add-on apps, and aims to streamline sales, logistics, and customer relationships to help clients increase revenues and enhance dining experiences.

Sary

Series C in 2021
Sary is a digital business-to-business marketplace based in Riyadh, Saudi Arabia, that connects small and medium-sized enterprises with merchant wholesalers of fast-moving consumer goods (FMCG). Founded in 2018 by Mohammed Aldossary and Khaled AlSiari, Sary aims to streamline the supply chain in the wholesale industry, allowing businesses to efficiently procure inventory. Its mobile and web application offers a range of FMCG products, including beverages, oils, and snacks, facilitating orders from small quantities to truckloads with rapid delivery options, often within 24 hours. Sary serves a diverse clientele, including mini-market chains, hotels, restaurants, and convenience shops, and has expanded its operations to 12 major cities, catering to over 40,000 customers and partnering with more than 1,700 brands and wholesalers. The platform provides users with immediate price quotations and product comparisons, enabling them to manage their expenses effectively as their businesses grow.

Uniphore

Series D in 2021
Uniphore is an AI-powered company that develops multilingual speech recognition, natural language processing, and sentiment analysis tools to improve customer interactions. Its software as a service platforms cover conversational analytics, virtual assistants, and voice security, including auMina for analytics, akeira for AI-enabled engagement, and amVoice for fraud prevention and identity protection. Additional modules such as auMina QSense and auMina Real-Intent provide real-time insight into customer intent and performance. The company serves sectors including banking, lending and micro-finance, insurance, retail, healthcare, education, agriculture, and government, enabling better service and efficiency. Founded in 2008, Uniphore operates globally with offices in Chennai, Palo Alto, Manila, Dubai, and Singapore.

Foodics

Series B in 2021
Foodics is a cloud-based restaurant management platform that runs on an iPad, offering point-of-sale transactions, inventory management, employee scheduling, loyalty programs, e-commerce, and a management dashboard. The system integrates an iPad kitchen display, menu management, notifications, call center, and inventory and supply chain capabilities to provide a holistic view of operations. Founded in 2014 and headquartered in AlKhobar, Saudi Arabia, Foodics serves restaurants, food trucks, cafes, and quick-service chains in the Middle East, with thousands of customers and real-time operational insights. The platform supports English and Arabic, offers various add-on apps, and aims to streamline sales, logistics, and customer relationships to help clients increase revenues and enhance dining experiences.

SellAnyCar.com

Venture Round in 2020
SellAnyCar.com is the Middle East's pioneering online car buying service, designed to facilitate the purchasing and selling of vehicles. The platform allows customers to sell any car, irrespective of its make, model, age, or condition, by providing instant online valuations, car inspections, and complete management of the necessary paperwork. The company ensures a guaranteed purchase and prompt payment within just 30 minutes, making the process efficient and user-friendly. SellAnyCar.com stands out for its commitment to simplifying car transactions, catering to those looking to sell their vehicles with ease and reliability.
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