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.

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

Past deals in Gulf Cooperation Council

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.

Bonat

Seed Round in 2022
Developer of an application-based customer loyalty platform intended to retain and acquire more customers. The company's platform provides a web interface to manage loyalty programs that include data analytics, feedback, customer communication and sending gifts among others, enabling companies to build meaningful relationships with their customers.

WakeCap Technologies

Venture Round in 2022
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.

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.

Squadio

Seed Round in 2022
Ibtikar Technologies Co was born in Saudi Arabia in 2010 at the hands of a group of visionaries working with a simple motto; helping business to digitally transform. The few years since our birth have been a joy ride to fill the gap in the Saudi market and contribute to it with scalable and reliable solutions. Ibtikar Technologies is one of the most experienced mobile applications development providers in the region. We believe in delivering credibility, integrity, reliability and good will with the products and solutions we provide to our clients using our enhanced knowledge and amazing work environment.

White Helmet

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

Lamaa

Seed Round in 2021
Lamaa develops financial technology solutions to small and medium enterprises. It provides software and online tools that manages banks and tax processes. Lamaa is headquartered in Riyadh, Kingdom of Saudi Arabia.

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.

Cura

Series A in 2021
Cura is a telemedicine company that connects patients with licensed doctors through its platform, allowing users in Saudi Arabia to access teleconsultations across approximately 200 medical specialties. Since its launch in 2016, Cura has enhanced its services to enable users to receive diagnoses based on international standards and obtain e-prescriptions for themselves or their family members. The platform facilitates consultations through various media, including pictures, videos, and audio recordings, ensuring that patients can follow up on their healthcare needs without the constraints of time or distance. Users can also pay for services using their health insurance, further streamlining the process of accessing medical care.

Joi Gifts

Series A in 2021
Joi Gifts is an online retail platform that specializes in a diverse range of gift items for various occasions, including Christmas, birthdays, anniversaries, corporate events, and romantic celebrations. The company offers an extensive selection of products such as flowers, cakes, gourmet gift baskets, balloons, personalized gifts, and unique items like singing telegrams and watches. Additionally, Joi Gifts provides experience gifts, including access to amusement parks and salons. Established in 2015 and based in the United Arab Emirates, Joi Gifts emphasizes quality and convenience, offering same-day delivery services in major metropolitan areas, thereby enhancing the gift-giving experience for customers.

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.

FalconViz

Venture Round in 2021
FalconViz LLC is a Saudi-based company specializing in 3D surveying and mapping using unmanned aerial systems (UAS). Founded in 2015 and rooted in advanced technology from King Abdullah University of Science & Technology, FalconViz employs autonomous multirotor copters to conduct aerial scanning along predetermined flight paths. The company offers real-time processing services that transmit and analyze data, resulting in interactive 3D models for various applications. Its services cater to urban and rural planning, industrial engineering, structural inspections in energy sectors, cultural heritage reconstruction, emergency response, and commercial media production. With a team boasting extensive experience in UAV design, piloting, and digital mapping, FalconViz is positioned as a leader in providing accurate and efficient digital documentation solutions for government agencies and engineering consultants in Saudi Arabia.

Hazen.ai

Seed Round in 2021
Hazen.ai is a Saudi startup established in 2017, specializing in artificial intelligence-based traffic enforcement and monitoring solutions. The company develops advanced traffic camera systems designed to detect various moving violations and analyze video footage to identify dangerous driving behaviors. Utilizing cutting-edge deep learning algorithms, Hazen.ai's products, including traffic violations monitors and turn counters, aim to enhance the efficiency of enforcement organizations while promoting road safety. Based in Mecca, the company is focused on leveraging technology to help reduce traffic-related incidents and improve overall public safety.

Averos

Venture Round in 2020
Averos is a company based in Makkah al-Mukarramah, Saudi Arabia, specializing in sensor-based logistics systems that enhance tracking and management capabilities for businesses. Founded in 2015, Averos offers a range of solutions including inventory tracking systems, employee attendance modules, hospital real-time location systems (RTLS) for supply chain and asset management, and child safety monitoring solutions. Their advanced tracking and sensing technology provides real-time awareness of environments, staff, and assets, thereby improving operational efficiency and market positioning for clients in various sectors such as logistics, travel, retail, and security. Averos is committed to offering both standard and customized solutions to meet the specific needs of its customers, ensuring seamless integration with existing enterprise systems.

Grintafy

Seed Round in 2020
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.

UnitX

Seed Round in 2019
UnitX Technologies is an artificial intelligence and supercomputing company based in Thuwal, Saudi Arabia, founded in 2018. The company specializes in deploying AI at scale, offering a range of customized products and services through its online software platform. Key offerings include UnitX Sentient, a multi-cloud high-performance computing platform designed for deep learning model training and simulations across various industries such as pharmaceuticals, automotive, aerospace, and oil and gas. Another product, UnitX Vizard, focuses on computer vision applications, serving sectors like health and safety, surveillance, and urban planning. UnitX also provides solutions tailored for finance, insurance, retail, telecoms, healthcare, logistics, and manufacturing. Through these platforms, UnitX aims to facilitate digital transformation and enhance operational efficiency for its clients.

Sadeem

Series A in 2019
Sadeem Technology specializes in developing innovative wireless sensing devices aimed at monitoring urban environments for flood, traffic, weather, and air quality. Founded in 2016 and based in Thuwal, Saudi Arabia, the company provides a unique early detection and monitoring system that integrates a network of solar-powered sensors, mobile applications, and visualization tools. These sensors are designed for easy installation in urban areas and drainage systems, functioning in a plug-and-play manner. Sadeem’s multi-patented system enables real-time communication and data visualization, assisting users in mitigating the impacts of floods and reducing traffic congestion. This comprehensive approach not only aims to enhance disaster management but also strives to save lives and minimize economic losses associated with environmental challenges.

Hazen.ai

Seed Round in 2019
Hazen.ai is a Saudi startup established in 2017, specializing in artificial intelligence-based traffic enforcement and monitoring solutions. The company develops advanced traffic camera systems designed to detect various moving violations and analyze video footage to identify dangerous driving behaviors. Utilizing cutting-edge deep learning algorithms, Hazen.ai's products, including traffic violations monitors and turn counters, aim to enhance the efficiency of enforcement organizations while promoting road safety. Based in Mecca, the company is focused on leveraging technology to help reduce traffic-related incidents and improve overall public safety.

Averos

Seed Round in 2019
Averos is a company based in Makkah al-Mukarramah, Saudi Arabia, specializing in sensor-based logistics systems that enhance tracking and management capabilities for businesses. Founded in 2015, Averos offers a range of solutions including inventory tracking systems, employee attendance modules, hospital real-time location systems (RTLS) for supply chain and asset management, and child safety monitoring solutions. Their advanced tracking and sensing technology provides real-time awareness of environments, staff, and assets, thereby improving operational efficiency and market positioning for clients in various sectors such as logistics, travel, retail, and security. Averos is committed to offering both standard and customized solutions to meet the specific needs of its customers, ensuring seamless integration with existing enterprise systems.

IBOAT

Seed Round in 2019
Operator of an on-demand boat rental platform intended to help tourists to book a cruise and arrange their trips. The company's platform focuses on designing smart safe cruising trips for guests providing them with full event programs and activities during the trip and also with scuba gear, free diving gears, and fishing equipment, enabling tourists to plan and rent boats for vacation trips with safety and ease.

Shiftah

Seed Round in 2017
A mobile application and an online platform that provides an outdoor advertisement solution for companies and organizations by matching them with car owners who would wrap their cars with advertisements. Car owners will have an additional source of income without doing any extra effort or working extra hours. All they have to do is to wrap their cars with the ads and drive the way they do everyday. Companies and advertisers will be offered an affordable platform for outdoor advertisements which grants their brands a high level of exposure and impressions. Shiftah would provide companies an online platform where they can lively monitor and track their ads campaigns.

WalaPlus

Seed Round in 2017
Wala Plus aims to increase the loyalty of employees towards their companies and raise their productivity through a series of professional programs designed specifically for companies and establishments.

Arabian Robotics

Seed Round in 2017
Developer of robotics technologies designed to provide ultrasonic thickness for testing and visual inspection of steel assets. The company's technologies are engaged in the design, development, implementation, and deployment of robotics inspection and non-destructive testing services for industrial applications in the oil, gas, and petrochemical industries, enabling clients to access cost-effective and reliable inspection services.

Organic Standards

Seed Round in 2017
Operator of an integrated plant intended to be used for the production of various types of liquid organic fertilizer products and natural soil fertilizers. The company's plant produces fertilizer products to improve the properties of the soil increase the crop yield and facilitate the conduct of organic and inorganic agricultural operations, enabling farmers to increase annual income and develop organic products to suit the needs of the market.

Virtual Vision

Series A in 2016
Virtual Vision is a leading-edge provider of innovative IT solutions for Their customers. Their primary focus is "Business Technologies" which are IT products and solutions that meet your business needs. Their goal is to tackle your IT costs and help you reduce them with Their portfolio of products and solutions.

FalconViz

Venture Round in 2015
FalconViz LLC is a Saudi-based company specializing in 3D surveying and mapping using unmanned aerial systems (UAS). Founded in 2015 and rooted in advanced technology from King Abdullah University of Science & Technology, FalconViz employs autonomous multirotor copters to conduct aerial scanning along predetermined flight paths. The company offers real-time processing services that transmit and analyze data, resulting in interactive 3D models for various applications. Its services cater to urban and rural planning, industrial engineering, structural inspections in energy sectors, cultural heritage reconstruction, emergency response, and commercial media production. With a team boasting extensive experience in UAV design, piloting, and digital mapping, FalconViz is positioned as a leader in providing accurate and efficient digital documentation solutions for government agencies and engineering consultants in Saudi Arabia.

IK Saudi

Series A in 2015
IK Saudi is Saudi JV -based Company and has a manufacturing facility at Dammam second industrial city, IK-Saudi vision to be the premier pipe & pipeline intervention solutions & technologies in Saudi and the Middle East. The company is well positioned to address the current market gap in Saudi Arabia for engineered utility scrapers and bespoke world-class solutions for pipelines in Saudi Arabia and the Middle East.(Hot tapping, Hot Bolting, Hydrostatic Testing , Sub Sea Turn around and repair solutions.

SafeRoad

Series A in 2015
SafeRoad Co. LTD. specializes in GPS tracking hardware and software solutions aimed at enhancing safe road operations in the Middle East. Founded in 2008 and based in Khobar, Saudi Arabia, the company provides a comprehensive range of services including fleet management, individual vehicle monitoring, generator monitoring, and school bus systems. Its offerings feature real-time tracking, history tracking, geo-fencing, and notification alerts. SafeRoad's innovative telematics solutions not only focus on fleet management but also on optimizing driver utilization, ensuring driver safety, and reducing operational costs and insurance expenses for various sectors such as transportation, courier delivery, and civil contracting. The company's commitment to improving road safety and driver behavior has garnered recognition and awards from notable organizations, highlighting its significant impact on the regional economy.
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