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  2. Saudi Electronic University launches SEU Sports accelerator

Saudi Electronic University launches SEU Sports accelerator

NOHA.GAD
Dec 7, 2025
Saudi Electronic University launched the SEU Sports accelerator to empower sports startups and entrepreneurs

Riyadh - Sharikat Mubasher: The Saudi Electronic University (SEU) launched the SUE Sport accelerator to empower sports startups and entrepreneurs with resources, mentorship, and funding opportunities to drive innovation and growth.

SUE Sport is the first accelerator of its kind in the Middle East dedicated to building a digital sports ecosystem. Supported by the Saudi Electronic University, it helps emerging sports technology startups grow and succeed through an intensive program designed for development, scaling, and partnerships.

The 12-week program features workshops, mentorship, and industry sessions, offering participants access to a global network of investors, clubs, federations, and sports tech leaders. It provides weekly one-to-one guidance from industry and sports tech experts as well as hands-on workshops on commercialization, go-to-market strategies, and scaling.

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Saudi Pinnacle invests in automotive platform Carly
Riyadh – Sharikat Mubasher: Saudi-based Pinnacle Growth & Secondary Fund has invested in automotive commerce platform Carly through a transaction involving both primary and secondary shares. The financial terms were not disclosed.As per Pinnacle’s announcement on LinkedIn, this investment is part of Pinnacle’s strategy of backing growth-stage companies through flexible investment structures that combine new capital with purchases of existing shares.Carly operates a digital automotive commerce platform in Saudi Arabia, serving customers and facilitating vehicle transactions through its online platform. The company aims to strengthen its position in the Kingdom’s growing automotive market.Pinnacle said the investment will support Carly’s next stage of growth and help expand its presence in Saudi Arabia. It also expects the deal to contribute to the development of the Kingdom’s technology and mobility ecosystem.Pinnacle Capital is a Riyadh-based Saudi investment company licensed by the Capital Market Authority to conduct investment management and securities arranging activities.
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