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 United Arab Emirates

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.

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.

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.
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