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Exel by Merak

Accelerator

Riyadh · Pre-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
Pre-Seed–Growth
Check
$293K – $300K
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

Portfolio news

latest coverage across their companies

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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