Riyadh - Sharikat Mubasher: Sanabil Investments, a financial investment company owned by the Public Investment Fund (PIF), and 500 Global, a multi-stage venture capital firm, announced the ninth batch of the Sanabil Accelerator by 500 Global.

The new cohort aims to foster innovation and drive growth across various sectors, including AI, fintech, edtech, climate tech, SaaS, and proptech, a recent statement revealed.

This year’s program included new elements designed to provide a more personalized and focused experience throughout the 12-week journey, helping startups leapfrog and scale.

Cohort 9 companies are: CarbonSifr, Endl, Feesable Technologies, LIVSHO, Raff, ReMatch, Schedex, TwentyToo, and Vennre.

Amal Dokhan, Managing Partner at 500 Global MENA, affirmed that the Sanabil Accelerator by 500 Global focuses on investing and supporting founders that are aiming to disrupt the norms in the sectors and markets they operate in. “We are very honored to have every founder in this batch and can’t wait to see them thrive and grow.”

Meanwhile, a spokesperson at Sanabil Investments commented: “Our leadership within the venture capital community is reinforced as more entrepreneurs apply to Sanabil Accelerator by 500 Global than ever before, seeking support to develop their ideas and achieve success in Saudi Arabia and abroad. We are attracting and enabling the brightest minds and best technologies that are improving people's lives worldwide, fortifying the economy, and making the world a better place for all.”

The Demo Day will take place on 2 July at Sanabil Hub in Riyadh, with a curated group from the venture capitalist community in attendance.