About Sanabil Investments
Sanabil Investments is an accelerator and incubator program based in Riyadh, Saudi Arabia. With a presence in 6 countries, it has supported around 15 startups in sectors like Enterprise Applications, FinTech. Most notable companies in
its portfolio include Vennre, Edfapay and Intella. The program primarily supports Seed startups based in United Arab Emirates. Its latest investment was a $1.65M Seed round in HaKeem on May 10, 2026 along with Merak Capital.
Key Metrics
Location
Riyadh, Saudi Arabia
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment
Sanabil Investments' List of Top Investments
Sanabil Investments has a portfolio of 15 companies. Their most notable investments are in Renohome and Edfapay.Their portfolio spans across United Arab Emirates, Saudi Arabia, Egypt and 3 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 9 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Sanabil Investments:
1. Vennre
Platform providing access to private market investments in various asset classes. It facilitates investments in real estate, private equity, venture capital, and private credit. The platform offers opportunities, connecting investors with vetted asset managers. It aims to streamline the investment process, providing tools and insights for informed decision-making. The platform focuses on offering access to private market deals.
Key facts about Vennre
- Founded Year: 2021
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $11M
- Employee Count: 18 as on Mar 31, 2026
- Investors: ACE & Company, Sanabil and 7 Others
- Latest Funding Round: Seed, Jan 26, 2026, $*****

2. Edfapay
Provider of payment infrastructure solutions, empowering businesses to create secure systems. The company offers tools for businesses of all sizes to deploy and scale payment systems. These systems enhance customer experiences. It provides white-label solutions for financial institutions. The company offers technology such as SoftPOS, payment gateways, and payout systems. It also provides a unified dashboard to manage payment ecosystems.
Key facts about Edfapay
- Founded Year: 2022
- Location: United States
- Stage: Seed
- Total Funding till date: $9.8M
- Employee Count: 47 as on Mar 31, 2026
- Investors: Oman Telecommunications Company, Sanabil Investments and 9 Others
- Latest Funding Round: Seed, Nov 20, 2024, $*****
- Highlight: Editors' Pick
3. Intella
Platform offering AI-based arabic speech intelligence. Its Arabic-first speech-to-text engine can transcribe speech different Arabic dialects. It leverages datasets collected from conversations to support its transcription capabilities. Its technology is applicable in sectors including, Media Transcription- facilitating transcription of audio content, Contact Centers- supporting customer service interactions through real-time transcription, and Conversational AI- supporting AI-driven applications that require understanding and processing Arabic speech.
Key facts about Intella
- Founded Year: 2021
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $16.9M
- Employee Count: 92 as on Mar 31, 2026
- Investors: Prosus, Egypt Ventures and 10 Others
- Latest Funding Round: Series A, Sep 02, 2025, $*****
- Highlight: Editors' Pick

4. NQOODLET
Provider of expense management platform with physical and virtual card solutions. It offers tools for planning, controlling, and disbursing organizational expenses in one integrated location. The platform allows teams to issue an unlimited number of cards. It provides real-time tracking through instant notifications for each transaction. The platform enables users to manage all cards in a single place.
Key facts about NQOODLET
- Founded Year: 2021
- Location: Riyadh (Saudi Arabia)
- Stage: Seed
- Total Funding till date: $4M
- Employee Count: 41 as on Mar 31, 2026
- Investors: Oman Telecommunications Company, SVC and 7 Others
- Latest Funding Round: Seed, May 05, 2025, $*****
Sanabil Investments' Year-on-Year Investment Trends
Sanabil Investments has invested in 15 companies over the last 4 years, with an average of 4 new investments annually in the last 3 years. In 2025, it made 5 investments, while as of May 2026, it has made 4 investments in this year. Its most recent first time investment was in HaKeem.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 5 | 0 | 5 |
2024 | 2 | 0 | 2 |
2023 | 3 | 0 | 3 |
2022 | 1 | 0 | 1 |
Sanabil Investments' Investments by Stage
Sanabil Investments has made 14 investments in Seed stage with an average round size of $3.71M and 1 investment in Series A stage with an average round size of $4M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 1 |
Note: We have considered here, only first round of investments
Sanabil Investments' Investments by Sector
Sanabil Investments has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Retail and Transportation and Logistics Tech. Notably, it has invested in 12 Tech companies, 9 Enterprise (B2B) companies, 9 Software companies and at least 4 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
Consumer | 6 |
FinTech | 5 |
Retail | 3 |
Transportation and Logistics Tech | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
Sanabil Investments' Investments by Geography
Sanabil Investments has made most investments in United Arab Emirates (6), followed by Saudi Arabia where it has made 5 investments.Country | No. of Investments |
|---|---|
United Arab Emirates | 6 |
Saudi Arabia | 5 |
Egypt | 1 |
Pakistan | 1 |
United Kingdom | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Sanabil Investments' recent investments
Sanabil Investments has made 4 investments in 2026 so far. HaKeem and Maison Safqa are the latest among them.Here are the most recent investments by Sanabil Investments:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 10, 2026 | United Arab Emirates | Seed | 8371 | ||
Apr 07, 2026 | Saudi Arabia | Seed | 2837 | - | |
Jan 26, 2026 | United Kingdom | Seed | 7708 | [+3] | |
Jan 14, 2026 | Saudi Arabia | Seed | 5238 | [+4] | |
Dec 06, 2025 | United Arab Emirates | Series A | 2448 | [+6] |
Co-investors of Sanabil Investments
Over the past 4 years, 69 investors have co-invested in Sanabil Investments's portfolio companies. This includes funds and angels.
- Invested before Sanabil Investments: 500 Global, Sanabil and 22 others have invested in rounds before Sanabil Investments. There are 5 companies where 500 Global has invested before Sanabil Investments and 1 company where Sanabil has invested before Sanabil Investments.
- Top Co-investors of Sanabil Investments: 37 investors entered a company along with Sanabil Investments. These include investors like Plus VC (3 companies).
- Invested after Sanabil Investments: A total of 8 investors have invested in Sanabil Investments's portfolio after their investments. Top Investors include Oman Telecommunications Company (1 company) and Al Jabr (1 company).
Recent News related to Sanabil Investments
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Vennre Secures $9.6M to Expand Private Market Platform in MENAStartup Rise EU•Jan 26, 2026•Vennre, Vision Ventures, Sanabil Investments, Plus VC and 2 others
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Reno Platform Secures $4 Million in a Funding Round Led by Eight Investment Fundsentarabi.com•Dec 06, 2025•Flyer One Ventures, SandstormVC, Sanabil Investments, Swiss Founders Fund and 6 others
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UAE gifting platform Cado raises $4.5m pre-seed fundingTech in Asia•Oct 20, 2025•CADO, Sanabil Investments
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Nowlun Secures $1.7 Million in Seed Funding to Accelerate Growth and Enhance Logistics PlatformTech In Africa•Jan 17, 2025•Nowlun, Nama Ventures, A15, Sanabil Investments
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Egypt-based logistics startup Nowlun closes $1.7 million Seed round to fuel its expansion plansTechMoran•Dec 02, 2024•Nowlun, Nama Ventures, A15, Sanabil Investments and 1 other
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EdfaPay completes a USD 5 million funding roundThe Paypers•Nov 20, 2024•Edfapay, Oman Telecommunications Company, Al Jabr, Wamda and 2 others
