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

Head of Venture Capital

Past deals in Saudi Arabia

Kitchenara

Seed Round in 2024
Kitchenara, a Saudi Arabian tech startup, specializes in food delivery services. It differentiates itself by integrating genuine video reviews and influencer content into its online ordering platform, aiming to provide customers with a transparent, engaging, and trustworthy dining experience.

Salla

Venture Round in 2024
Salla is a Saudi-based e-commerce platform that empowers users to establish their own online stores in Arabic, facilitating the sale of products and services directly to customers. The platform allows users to create branded stores with personalized domain names and design options. Store owners can effectively manage their inventory through Salla’s website or mobile application. Additionally, Salla offers a variety of features, including marketing tools, automated invoicing, and performance reports, which aid merchants in enhancing their sales and customer engagement. Users benefit from capabilities such as customer database management, the ability to block customers, and options for promotions and discounts, all without incurring fees or commissions.

Tamara

Series C in 2023
Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded by Abdulmajeed Alsukhan and his partners, the company aims to transform the shopping, payment, and banking experience for consumers. With a workforce of over 350 employees, Tamara has established a significant presence, operating offices in the UAE, Egypt, Germany, and Vietnam. Since its inception in September 2020, Tamara has raised approximately $366 million in both equity and debt from notable investors, including Sanabil Investments and Goldman Sachs. The platform boasts around 6 million customers and partners with more than 15,000 merchants, featuring a mix of global and regional brands as well as local small and medium enterprises. Tamara empowers merchants by providing flexible payment options through its application programming interfaces, allowing clients to increase sales by offering installment payment plans.

Nearpay

Series A in 2023
Nearpay is a fintech startup based in Saudi Arabia, dedicated to simplifying payment processes for merchants. The company develops financial payment software that provides convenient payment solutions through smartphones, allowing merchants to accept contactless payments without requiring credit or debit cards. This innovation particularly benefits small store owners, shipping representatives, and food delivery partners by enabling them to collect payments easily and efficiently. Nearpay's mission is to create a secure and accessible payment infrastructure that enhances the overall transaction experience for various businesses.

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.

Tamara

Series B in 2022
Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded by Abdulmajeed Alsukhan and his partners, the company aims to transform the shopping, payment, and banking experience for consumers. With a workforce of over 350 employees, Tamara has established a significant presence, operating offices in the UAE, Egypt, Germany, and Vietnam. Since its inception in September 2020, Tamara has raised approximately $366 million in both equity and debt from notable investors, including Sanabil Investments and Goldman Sachs. The platform boasts around 6 million customers and partners with more than 15,000 merchants, featuring a mix of global and regional brands as well as local small and medium enterprises. Tamara empowers merchants by providing flexible payment options through its application programming interfaces, allowing clients to increase sales by offering installment payment plans.

Drahim

Pre Seed Round in 2022
Drahim is a financial technology company based in Riyadh, Saudi Arabia, that offers a digital platform for managing personal finances. The platform functions as a personal budgeting application, allowing users to track their financial transactions and manage multiple accounts from a single interface. By analyzing users' financial habits, Drahim customizes budgeting plans according to spending categories and helps schedule recurring financial operations. Additionally, it provides tailored recommendations for saving money and offers features for auto-investing, enabling users to grow their wealth effectively.

Foodics

Series C in 2022
Foodics is a technology company based in AlKhobar, Saudi Arabia, founded in 2014. It specializes in developing a cloud-based restaurant management system designed for iPads, catering to the needs of restaurants, food trucks, cafes, and fast-food chains across the Middle East. The platform offers comprehensive solutions including point-of-sale transactions, inventory management, employee scheduling, loyalty programs, e-commerce integration, and real-time operational oversight through a user-friendly dashboard. Foodics aims to enhance revenue generation and customer relationships for its clients by providing high-tech, easy-to-use tools that streamline restaurant operations.

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.

Foodics

Series B in 2021
Foodics is a technology company based in AlKhobar, Saudi Arabia, founded in 2014. It specializes in developing a cloud-based restaurant management system designed for iPads, catering to the needs of restaurants, food trucks, cafes, and fast-food chains across the Middle East. The platform offers comprehensive solutions including point-of-sale transactions, inventory management, employee scheduling, loyalty programs, e-commerce integration, and real-time operational oversight through a user-friendly dashboard. Foodics aims to enhance revenue generation and customer relationships for its clients by providing high-tech, easy-to-use tools that streamline restaurant operations.
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