Latest news with #SanabilInvestments
CairoScene
14-05-2025
- Health
- CairoScene
Kilow Secures $2.5 Million to Advance AI-Powered Weight Management
The Saudi healthtech startup plans to expand its personalised, tech-driven approach to digital wellness. May 14, 2025 Saudi-based healthtech startup Kilow has secured $2.5 million in seed funding to advance its AI-powered weight management platform. The funding round was led by Sanabil Venture Studio, a subsidiary of Sanabil Investments, in partnership with venture-building firm Stryber. Founded in 2024 by Fahed Al-Essa, Kilow focuses on personalised, tech-driven approaches to health and wellness, offering users tailored treatment plans, real-time health tracking, and medical consultations. The platform integrates with smart devices and includes at-home lab testing options, aiming to reduce the need for clinic visits and improve user convenience. The investment will support Kilow's plans to scale its platform, further develop features, and strengthen its AI-driven health insights. Among its core offerings are customized plans designed by healthcare professionals, remote monitoring through device integration, and accessible medical support to help users manage their weight more effectively.
Wamda
12-05-2025
- Business
- Wamda
Saudi's Kilow gets $2.5 million boost to deliver personalised weight management
Saudi Arabia-based healthtech Kilow has raised $2.5 million in seed funding led by Sanabil Venture Studio, in partnership with Stryber. Founded in 2024 by Fahed Al-Essa, Kilow offers tailored treatment plans, medical consultations, and real-time health tracking. It also integrates with smart devices and provides at-home lab testing for a comprehensive user experience. The round will fuel the company's efforts to scale its AI-powered, personalised weight management platform. Press release: Kilow, a leading digital health and weight management solution, has successfully closed its $2.5 million seed funding round led by Sanabil Venture Studio (a subsidiary of Sanabil Investments) in partnership with Stryber. This investment comes at a time of rapid growth for Kilow, as the company continues to revolutionise the weight loss experience through AI-powered, personalised solutions and seamless health data integration. By leveraging technology, Kilow aims to help users achieve their health goals more efficiently and sustainably. Driving Innovation in Digital Healthcare Since its inception, Kilow has been committed to building a comprehensive digital ecosystem that empowers users through:- Personalized treatment plans designed by expert healthcare professionals - Real-time health tracking through seamless integration with smart devices - At-home lab testing for accurate health insights without the need for clinic visits - Specialized medical consultations to support users on their weight loss journey Fahed Al-Essa, CEO of Kilow, This investment strengthens our vision of delivering highly personalised and efficient digital health solutions. Our goal is to transform the way individuals approach weight loss by offering a smart, integrated experience that enables long-term success." Rayan Aebi, CEO of Sanabil Venture Studio and General Partner of the Fund, added: 'We're proud and excited to support Kilow as they redefine digital health. Our investment towards their innovative approach reflects our commitment to back impactful, tech-driven ventures and contribute to Saudi Arabia's Vision 2030 by advancing health and innovation.' Strategic Partnership for Growth and Expansion
Zawya
12-05-2025
- Business
- Zawya
Kilow secures $2.5mln in seed funding led by Sanabil Venture Studio
Riyadh, Saudi Arabia - Kilow, a leading digital health and weight management solution, has successfully closed its $2.5 million seed funding round led by Sanabil Venture Studio (a subsidiary of Sanabil Investments) in partnership with Stryber. This investment comes at a time of rapid growth for Kilow, as the company continues to revolutionize the weight loss experience through AI-powered, personalized solutions and seamless health data integration. By leveraging technology, Kilow aims to help users achieve their health goals more efficiently and sustainably. Driving Innovation in Digital Healthcare Since its inception, Kilow has been committed to building a comprehensive digital ecosystem that empowers users through: - Personalized treatment plans designed by expert healthcare professionals - Real-time health tracking through seamless integration with smart devices - At-home lab testing for accurate health insights without the need for clinic visits - Specialized medical consultations to support users on their weight loss journey Fahed Al-Essa, CEO of Kilow, stated: "This investment strengthens our vision of delivering highly personalized and efficient digital health solutions. Our goal is to transform the way individuals approach weight loss by offering a smart, integrated experience that enables long-term success." Rayan Aebi, CEO of Sanabil Venture Studio, and General Partner of the Fund, added: 'We're proud and excited to support Kilow as they redefine digital health. Our investment towards their innovative approach reflects our commitment to back impactful, tech-driven ventures, and contribute to Saudi Arabia's Vision 2030 by advancing health and innovation.' Strategic Partnership for Growth and Expansion Sanabil Venture Studio's participation in this round reflects its confidence in Kilow's potential to lead the digital healthcare space in the region. With this funding, Kilow plans to expand operations, develop new features, and enhance user experience - with a strong focus on AI-driven insights and smart health analytics to improve user outcomes. About Kilow Kilow is a tech-driven digital health solution specializing in weight management and habit improvement through smart, personalized solutions. The platform provides users with tailored treatment plans, medical consultations, progress tracking, and seamless integration with smart devices, offering a holistic and personalized approach to achieving health goals. About Sanabil Venture Studio by Stryber Sanabil Venture Studio is a strategic initiative by Sanabil Investments in partnership with Stryber to build scalable technology ventures in Saudi Arabia. Launched in 2023, the studio continues to drive innovation by investing in ventures that shape the future of these key industries in the Kingdom. For Links: Kilow Linkedin For more information about Kilow, visit:
Arab News
28-04-2025
- Business
- Arab News
iMENA raises $135m in pre-IPO round led by PIF's Sanabil Investments
RIYADH: Digital platform operator iMENA Holding has raised $135 million in a pre-initial public offering funding round led by Sanabil Investments, a unit of the Public Investment Fund, as venture capital activity in Saudi Arabia gains momentum. The round, comprising private placements and in-kind contributions, also attracted participation from FJ Labs, entrepreneur Saygin Yalcin, and a group of investors from the Kingdom, iMENA said in a statement. The transaction remains subject to regulatory approval. Proceeds will be used to consolidate iMENA's stakes in three key businesses — OpenSooq, SellAnyCar, and Jeeny — while supporting vertical and geographic expansion and enhancing synergies across its portfolio, it added. The transaction comes as the business restructures into a Saudi closed joint stock company under the name iMENA Holding, positioning it for future public market access. It also coincides with a surge in venture capital activity in Saudi Arabia, which attracted $391 million in investments during the first quarter of 2025, a 53 percent increase from a year earlier, according to MAGNiTT. Nasir Al-Sharif, chairman of iMENA Holding, said: 'This transaction marks an important inflection point for iMENA in its journey to IPO-readiness by taking advantage of the great opportunities provided by the Kingdom's Vision (2030) and in cooperation with the largest investment entities.' He added: 'The high growth and profitability of our businesses, in sectors and markets within which we have high conviction, provide material value creation opportunities and an exciting pathway for us to accelerate forward.' The company's businesses operate in key sectors including real estate, automotive, and mobility, with a footprint across Saudi Arabia, the UAE, and Jordan, as well as Oman, Kuwait, and the wider Middle East and North Africa region. iMENA's businesses have achieved an average annual growth rate exceeding 55 percent, with approximately 40 percent of revenues generated from Saudi Arabia and another 40 percent from the UAE, the two largest strategic markets for the group. PIF-backed Sanabil Investments, which deploys around $3 billion annually across private investments including venture capital, growth funding, and small buyouts, said it backed iMENA for its 'proven scalability and profitability.' 'Leveraging our own experience in Internet marketplaces, we understand their unique strategy and are committed to bringing our expertise to support their growth and future IPO aspirations on the Saudi Exchange,' said a spokesperson for Sanabil Investments. Saygin Yalcin, founder and CEO of SellAnyCar, will join iMENA Holding's board of directors and management committee to help drive strategic direction. The new board includes Al-Sharif and Khaldoon Tabaza, co-founder and managing director of iMENA. Adey Salamin, co-founder of iMENA and CEO of OpenSooq, also joins alongside Yalcin. Other members include Mazin Al-Dawood, CEO of Osool and Bakheet Investment; Usman Sikandar, head of Investment Banking at Al Rajhi Capital; and Marco Somalvico, vice president of M&A at e&. Sanabil Investments will also appoint a member to the board in due course. Al Rajhi Capital acted as financial adviser on the private placement. Hossam Al-Basrawi, CEO of Al Rajhi Capital, said: 'Al Rajhi Capital is proud to support iMENA's transformation and potential IPO journey. The group's integrated model and strategic vision make it a standout in the region's digital landscape.'
CairoScene
28-04-2025
- Business
- CairoScene
Saudi VC Company iMENA Raises $135 Million to Accelerate IPO Plans
Saudi VC Company iMENA Raises $135 Million to Accelerate IPO Plans Saudi-based venture capital investment company iMENA Group has raised $135 million in a pre-IPO investment round, securing backing from Sanabil Investments, FJ Labs, Saygin Yalcin, and other Saudi investors. The capital raise, comprising a private placement and in-kind contributions, represents the first tranche of iMENA's pre-IPO funding efforts. Proceeds will be directed toward increasing iMENA's shareholding in OpenSooq, SellAnyCar, and Jeeny, in addition to supporting vertical and geographic expansion and enhancing platform synergies. In a step toward a future public listing, iMENA has restructured into a Saudi Closed Joint Stock Company (CJSC) under the name iMENA Holding. Saygin Yalcin will join the Board of Directors and management committee to contribute to the company's strategic direction. The transaction was described as an important milestone in iMENA's path to IPO-readiness, closely aligned with opportunities created by Saudi Arabia's Vision 2030. The newly appointed Board of Directors includes Nasir Alsharif, Khaldoon Tabaza, Adey Salamin, Saygin Yalcin, Mazin AlDawood, Usman Sikandar, and Marco Somalvico, with a representative from Sanabil Investments to be named soon. iMENA's platforms — OpenSooq, SellAnyCar, and Jeeny — are market leaders across the real estate, automotive, and mobility sectors in Saudi Arabia, the UAE, Jordan, Oman, Kuwait, and the wider Middle East. These businesses are profitable, with an annual growth rate exceeding 55%, and revenue contributions are balanced between Saudi Arabia and the UAE, each accounting for approximately 40%. Founded in 2012 by Nasir Alsharif, Khaldoon Tabaza, and Adey Salamin, iMENA has a track record of launching, acquiring, scaling, and exiting digital businesses across the region. Its leadership team brings extensive expertise in technology, marketplaces, investment, and venture capital within the MENA landscape.
