Wa'ed Ventures

Wa'ed Ventures is a corporate venture capital fund established in 2013 and based in Dhahran, Saudi Arabia. With a capital of $500 million, it aims to foster a robust startup ecosystem by investing in local technology-driven startups while encouraging international entrepreneurs to adapt their innovations for the Saudi market. The firm focuses on sectors such as sustainability, manufacturing, digitalization, and social innovation, contributing to the diversification and growth of the Kingdom's economy.

Ziad Abdulaal

Investment Manager

Qamar Aftab

Investment Manager

Huda Alakkas

Investment Associate

Fahad Alidi

Managing Director

Wassim Basrawi

Managing Director

Khalil Al Shafei

Managing Director and CEO

Hadi Showaikhat

Investment Manager

7 past transactions

COFE App

Series B in 2023
COFE App operates as an online coffee marketplace designed to streamline the coffee ordering process for consumers. The mobile application offers a variety of options for coffee lovers, allowing them to order from both chain coffee houses and specialty roasters. Users can enjoy convenient delivery to their homes or offices, as well as options for counter and car pickup. In addition to beverages, COFE App provides access to coffee beans, machines, and accessories, catering to all aspects of coffee consumption. Funded by a diverse group of entrepreneurs and venture capital firms from the Middle East and Silicon Valley, COFE App has received significant backing to support its growth and development in the coffee market.

YNMO

Funding Round in 2022
YNMO is the first Arabic/English digital solution that aims to improve the quality of care and educational services for individuals with special needs by allowing service providers such as schools, centers & clinics to design and monitor individualized treatment plans.

Grintafy

Convertible Note in 2022
Grintafy Information Technologies LLC, founded in 2018 and based in Jeddah, Saudi Arabia, specializes in developing a web and mobile platform tailored for amateur footballers. This platform allows users to find, join, or organize games, and it features a rating system for players based on their performances. Users can track their statistics, such as goals, assists, and wins, while also accessing information about service providers, clubs, and scouts. The platform serves as a comprehensive resource for players to enhance their visibility and improve their rankings within the amateur football community.

White Helmet

Seed Round in 2021
White Helmet provides AI and computer vision technologies for tracking, inspection, and digital documentation of construction sites.

WakeCap Technologies

Seed Round in 2021
WakeCap Technologies FZ LLC specializes in designing and manufacturing safety helmets for construction workers, aimed at monitoring heat stress levels and preventing heat-related illnesses. Founded in 2017 and based in Dubai, the company provides an Internet-of-Things (IoT) solution that enables construction companies to achieve real-time reporting by connecting and tracking workers, materials, and equipment at construction sites. Utilizing machine-learning algorithms, WakeCap's technology analyzes worker behavior in relation to heat index measures, offering personalized guidelines on hydration, rest, and work limits. Additionally, the system alerts site managers in emergencies, thereby enhancing safety and productivity on construction sites.
A tutoring marketplace for students who are looking to boost their grades, pass exams or obtain a skill.

Grintafy

Venture Round in 2021
Grintafy Information Technologies LLC, founded in 2018 and based in Jeddah, Saudi Arabia, specializes in developing a web and mobile platform tailored for amateur footballers. This platform allows users to find, join, or organize games, and it features a rating system for players based on their performances. Users can track their statistics, such as goals, assists, and wins, while also accessing information about service providers, clubs, and scouts. The platform serves as a comprehensive resource for players to enhance their visibility and improve their rankings within the amateur football community.
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