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Exel by Merak

Accelerator

Riyadh · Seed–Growth · 13 people tracked

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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.

Stage
Seed–Growth
HQ
Riyadh, SA
Instruments
Equity · Debt
Founded
2018
Portfolio companies
2

Team · 13 people

from the firm's website & curated

What they invest in

from 1 of 2 portfolio companies

Gaming ×1

HQs:Saudi Arabia×1

Portfolio companies · 2 tracked

alumni founders can tell you what the program is really like
Copa Fantasycopafantasy.comAug 2025 · $300K

Saudi-based, Arabic-first fantasy football and predictor games platform covering the Saudi, English, Spanish and Champions Leagues.

Co-investorsMerak Capital

Evolite Studioevolite-studio.comin𝕏

Evolite Studio is a game development studio that builds original games with an Arabic cultural flavor.

Gaming

Co-investorsMerak Capital

Frequently asked questions

What stage does Exel by Merak invest at?
Exel by Merak invests at the Seed, Series A, Series B, Growth stages.
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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