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 Riyadh

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.

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.

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.

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.

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.
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