Exel by Merak
AcceleratorRiyadh · Pre-Seed–Growth · 13 people tracked
Investment thesis
Exel by Merak operates a portfolio of accelerators, incubators, and innovation programs designed to guide startups from early validation to scale. Its approach follows a disciplined execution model emphasizing structure, accountability, and measurable outcomes. Programs begin by aligning on objectives, stakeholders, and success metrics, then build a tailored architecture covering journeys, milestones, curriculum, and partner inputs. Delivery is run through structured sprints with hands-on support and consistent governance, while progress is tracked against milestones with real-time reviews and iteration. The firm also provides continuity pathways via ecosystem connections and partner access so that impact endures beyond program completion.
Source: firm website, verified Aug 27, 2026.
Team · 13 people
from the firm's website & curatedWhat they invest in
from 1 of 2 portfolio companiesGaming ×1
HQs:Saudi Arabia×1
Portfolio companies · 2 tracked
alumni founders can tell you what the program is really likeSaudi-based, Arabic-first fantasy football and predictor games platform covering the Saudi, English, Spanish and Champions Leagues.
Co-investorsMerak Capital
Evolite Studio is a game development studio that builds original games with an Arabic cultural flavor.
Gaming
Co-investorsMerak Capital
Portfolio news
latest coverage across their companiesCopa Fantasy · pocketgamer.biz · Aug 10, 2026
Evolite Studio · pocketgamer.biz · Sep 8, 2025
Frequently asked questions
- What stage does Exel by Merak invest at?
- Exel by Merak invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.
- What is Exel by Merak's typical check size?
- Exel by Merak typically writes checks of $293K – $300K.
- What sectors does Exel by Merak focus on?
- Exel by Merak focuses on AI & Machine Learning, Cloud Computing, Creator Economy, Data & Infrastructure, Fintech, Gaming, Media & Entertainment, Sector Agnostic.
- Where is Exel by Merak located?
- Exel by Merak is headquartered in Riyadh, SA.
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