Sanabil Investments is a company wholly owned by the Public Investment Fund (PIF), based in Riyadh. Since 2019 it has focused on venture capital and growth. It invests directly and through funds. Its direct investments include Tamara, Foodics, Unifonic and Salla.
About Sanabil Investments
Sanabil was established by a Council of Ministers decision in 2008 and began operating in 2011. It is wholly owned by the Public Investment Fund (PIF) with $8 billion in capital. In 2019 it adopted a mandate focused on venture capital, and it splits its assets roughly 50% venture capital, 30% private equity and 20% highly liquid portfolio. It invests as a limited partner in global funds and also invests directly, and it led or co-led rounds for Tamara, Foodics and Unifonic.
Wholly owned by the Public Investment Fund (PIF), and it does not disclose its assets under management. It commits about $2 billion a year to venture and growth assets, according to Bloomberg quoting its website. It took part in Noon Academy's round through its joint fund with 500 Global.
What it invests in
- Stages
- Seed, Series A, Series B, Growth
- Sectors
- All sectors
- Among the fund’s investors
- Public Investment Fund
From its portfolio
Tamara
A Saudi platform for interest-free, Sharia-compliant installments and pay later, for shoppers and merchants in the Gulf.
- Stage
- Series C
- Raised
- $446M
- Founded
- 2020
- City
- Riyadh
Foodics
A cloud-based restaurant management system: POS, inventory, kitchen, orders, payments and financing on one platform.
- Stage
- Series C
- Raised
- $198M
- Founded
- 2014
- City
- Riyadh
Hala
One app for small businesses: a payment device, a business account, a card and financing
- Stage
- Series B
- Raised
- $161.5M
- Founded
- 2017
- City
- Riyadh
Unifonic
A Saudi platform for companies to reach their customers through messages, WhatsApp, calls, verification codes and AI agents
- Stage
- Series B
- Raised
- $146M
- Founded
- 2006
- City
- Riyadh
Salla
A Saudi platform for building online stores in Arabic with no coding, for individual merchants and companies.
- Stage
- Pre-IPO
- Raised
- $138.5M
- Founded
- 2016
- City
- Makkah
Sary
A B2B online marketplace connecting grocery stores and restaurants with wholesalers, with a pay-later option
- Stage
- Series C
- Raised
- $112.1M
- Founded
- 2018
- City
- Riyadh
Classera
An e-learning platform for schools, universities and ministries: classes, assignments, exams and virtual classrooms
- Stage
- Series A
- Raised
- $40M
- Founded
- 2011
- City
- Jeddah
Lendo
A Sharia-compliant debt crowdfunding platform that finances small and medium businesses through individual and institutional investors
- Stage
- Series B
- Raised
- $35.2M
- Founded
- 2019
- City
- Riyadh