Fundraising Fox

Exel by Merak

Funding platform

Riyadh · Pre-Seed–Seed · 14 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

Exel by Merak positions itself as an innovation-enablement organization focused on accelerating industries and connecting founders to global opportunities, primarily within Saudi Arabia. It delivers structured innovation programs alongside targeted financing and development initiatives that support individual innovators and small businesses. Its areas of activity span esports and gaming, cloud infrastructure, data and AI-powered scalability, talent development, digital content and creative industries, and facilitating international investment and business setup in the Kingdom. The organization emphasizes disciplined execution, quality, and measurable outcomes, aligning its programs with national technology initiatives and economic diversification goals to help shape Saudi Arabia's next wave of innovation.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
Check
$293K – $300K
HQ
Riyadh, SA
Instruments
Equity · Grants
Founded
2018

Team · 14 people

from the firm's website

Frequently asked questions

What stage does Exel by Merak invest at?
Exel by Merak invests at the Pre-Seed, Seed 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.

Similar investors

Featured in lists