500 Global and Sanabil Investments announce Batch 4 of the Sanabil 500 MENA Seed Accelerator Program

500 Global and Sanabil Investments announce Batch 4 of the Sanabil 500 MENA Seed Accelerator Program

Riyadh, Saudi Arabia:– 500 Global, a leading global venture capital firm, and Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth and small buyouts, unveiled today the 15 startups in Batch 4 of the Sanabil 500 MENA Seed Accelerator Program 2022. The program received over 590 applicants from the MENA region, making it one of the most competitive batches to date with an acceptance rate of less than 2.5%. For the first time, the highest number of applications came from Saudi Arabia, at 159.

The Sanabil 500 MENA Seed Accelerator Program provides pre-seed and seed-stage startups across the Middle East and North Africa region with the foundation they need to validate and scale their business at both a regional and global level.

Companies selected in the 4th batch are focused on developing solutions that address issues across a diverse range of sectors, including Fintech, Food & Beverage, Agtech, Healthtech and Insurtech. Saudi Arabia, Egypt and the UAE are the top 3 countries of origin for this batch.

“We have been working closely with Batch 4 founders since September 2022 to help pave their way to success. They join the 39 companies that have already graduated from the