Wamda Capital

Wamda Capital is a prominent venture capital firm based in Dubai, with an additional office in Jordan, that was established in 2010. It specializes in investing in high-growth technology businesses within the MENA region, focusing on exceptional entrepreneurs. The firm targets both seed and growth-stage investments, particularly in the financial services, consumer goods, and technology sectors. Wamda Capital aims to support its portfolio companies through successive rounds of financing, guiding them toward successful exits.

Walid Faza

Partner and Investment Principal

Fadi Ghandour

Chairman and CEO

Fares Ghandour

Partner

Past deals in Gulf Cooperation Council

Dukkantek

Seed Round in 2022
Dukkantek provides digital transformation services to improve business processes. It offers online solutions to assist with managing and marketing strategies of companies. Dukkantek is based in Dubai, UAE.

Insider

Series D in 2022
Insider is a growth management platform that assists digital marketers in enhancing their customer engagement throughout the marketing funnel, from acquisition to retention and revenue generation. The platform utilizes real-time predictive segmentation powered by artificial intelligence and machine learning, enabling marketers to create personalized customer journeys across various channels, including web, mobile apps, and advertising. Designed for ease of implementation, Insider's unified data layer eliminates the need for complex integrations, allowing marketers to focus on driving growth without inefficiencies. The company aims to optimize marketing effectiveness by improving return on ad spend, driving conversions, and facilitating product discovery. Founded in 2012 and headquartered in Singapore, Insider has expanded its presence globally with offices in multiple cities, including London, Tokyo, and Dubai. The company has received recognition for its innovative solutions and leadership, including listings in prestigious startup rankings.

Penny Software

Seed Round in 2022
Penny Software, founded in 2020 and based in Riyadh, Saudi Arabia, specializes in developing a cloud-based procure-to-pay system known as Penny. This platform streamlines the entire procurement process, enabling organizations to digitize and manage their procurement cycle from request to approval. Key features of Penny include an action-driven dashboard, budget tracking, customizable reporting, a product comparison tool, and a structured timeline. The system is designed to simplify procurement activities, allowing users to manage requests for quotations, compare vendor offers, issue purchase orders, and process payments efficiently. Penny Software caters primarily to mid-sized enterprises, offering a modular and customizable solution that supports both private and public marketplaces, as well as procurement shared services.

BitOasis

Series B in 2021
BitOasis Technologies FZE operates an online platform that enables users to buy and sell bitcoin in the United Arab Emirates, Qatar, Kuwait, Bahrain, and Saudi Arabia. Founded in 2015 and headquartered in Dubai, the company aims to provide the infrastructure for digital payment solutions utilizing blockchain technology. Its platform offers a bitcoin exchange, wallet services, and various integrations designed to facilitate access to a borderless and efficient digital payment system for both consumers and businesses. The platform is also available on iPhone and iPad, catering to a growing demand for digital financial services in emerging markets.

Ziina

Seed Round in 2021
Ziina FZ-LLC provides payment-processing services. The company develops a mobile application through which a user can transfer money to other users by linking the bank account to the application. Ziina FZ-LLC was founded in 2019 and is based in Dubai, United Arab Emirates.

NOW Money

Venture Round in 2021
NOW Money uses mobile banking technology to bring accounts and remittance to the unbanked population of the Middle East. It provides a convenient and easy to use solution for those currently excluded from the financial system, bringing full access to the financial system, and significant savings on remittance.

FlexxPay

Seed Round in 2021
FlexxPay offers an online platform to employers whose employees can access their earned salaries & commissions instantly, before the regular payday.​ We provide an instant pay platform allowing employees to access a portion of already earned salaries whenever needed, thus ending financial stress.

Ziina

Seed Round in 2021
Ziina FZ-LLC provides payment-processing services. The company develops a mobile application through which a user can transfer money to other users by linking the bank account to the application. Ziina FZ-LLC was founded in 2019 and is based in Dubai, United Arab Emirates.

Penny Software

Seed Round in 2020
Penny Software, founded in 2020 and based in Riyadh, Saudi Arabia, specializes in developing a cloud-based procure-to-pay system known as Penny. This platform streamlines the entire procurement process, enabling organizations to digitize and manage their procurement cycle from request to approval. Key features of Penny include an action-driven dashboard, budget tracking, customizable reporting, a product comparison tool, and a structured timeline. The system is designed to simplify procurement activities, allowing users to manage requests for quotations, compare vendor offers, issue purchase orders, and process payments efficiently. Penny Software caters primarily to mid-sized enterprises, offering a modular and customizable solution that supports both private and public marketplaces, as well as procurement shared services.

Eyewa

Series B in 2020
Eyewa is the first dedicated online eyewear store for the Middle East. We have thousands of different eyeglasses, sunglasses, color contact lenses and prescription contact lenses for you to choose from. On Eyewa, you’ll find quintessentially cool brands like Ray-Ban and Emporio Armani, heritage brands like Burberry and Persol, high-fashion brands like Fendi, Dolce & Gabbanaand Prada sporty brands like Nike and Lacoste and everything in between. Discover their brands portfolio with thousands of styles here.

Insider

Series C in 2020
Insider is a growth management platform that assists digital marketers in enhancing their customer engagement throughout the marketing funnel, from acquisition to retention and revenue generation. The platform utilizes real-time predictive segmentation powered by artificial intelligence and machine learning, enabling marketers to create personalized customer journeys across various channels, including web, mobile apps, and advertising. Designed for ease of implementation, Insider's unified data layer eliminates the need for complex integrations, allowing marketers to focus on driving growth without inefficiencies. The company aims to optimize marketing effectiveness by improving return on ad spend, driving conversions, and facilitating product discovery. Founded in 2012 and headquartered in Singapore, Insider has expanded its presence globally with offices in multiple cities, including London, Tokyo, and Dubai. The company has received recognition for its innovative solutions and leadership, including listings in prestigious startup rankings.

Ureed

Seed Round in 2020
Ureed is a Dubai-based company that operates an artificial intelligence-driven online platform specializing in content creation, copyrighting, and translation services. Founded in 2016, Ureed connects employers with vetted freelancers, facilitating a range of offerings including general and technical writing, copywriting, and various forms of translation such as legal and medical. The platform enhances user experience through advanced technologies like AI and machine learning, streamlining workflows for both employers and freelancers. Ureed aims to simplify the hiring process by providing a seamless interface for communication, project management, and payment, ensuring that clients can focus on their projects without getting bogged down by logistics.

Nana

Series B in 2020
Nana is an online grocery platform that provides doorstep deliveries of groceries and other home essentials. The company's platform offers a wide assortment of groceries, fruits, and vegetables, cosmetics, electronics, bakery items, and flowers that enables consumers to purchase products online and get them delivered to their homes. Nana was established in 2016 and is headquartered in Riyadh, Ar Riyad, Saudi Arabia.

Aanaab

Seed Round in 2020
Aanaab offers online courses in Arabic for teachers and educators to help them improve their skills in different areas including self-development, educational strategies, education techniques, and educational tools and techniques.

Drive Ninja

Pre Seed Round in 2020
Simply New Cars provides complete information on every new car in the UAE, relieving the anxiety and hassle of having to visit a physical dealership. We provide detailed info on every model with comparison, pricing, availability, and purchase tools. We believe in a world where buying a car online should be as easy as any other digital purchase. Our data-driven approach gives us an unparalleled level of market insight and the advantage of boasting the highest-converting leads in the market with 21% of enquiries converting into a new car purchase.

FunDok

Pre Seed Round in 2020
Fundok is a cloud based guest experience management platform that targets the fast growing market of short term rentals. Fundok platform enriches travelers experience by providing them with relevant and localized information about their destination as well as access to a suite of services such as food delivery, grocery, bookings and reservations, as well as essential information on their apartment and area. FunDok platform enables short term rental operators to enhance their guest's experience by building loyalty, diversifying their revenue and differentiating from competitors.

FlexxPay

Seed Round in 2019
FlexxPay offers an online platform to employers whose employees can access their earned salaries & commissions instantly, before the regular payday.​ We provide an instant pay platform allowing employees to access a portion of already earned salaries whenever needed, thus ending financial stress.

Crowd Analyzer

Series A in 2019
The 1st fully automated social web monitoring platform that support Arabic language with it's different dialects as well as supporting English. The innovation comes from the ability to automatically understands Arabic text in terms of relevance, dialect and sentiment.

Tabby

Seed Round in 2019
Tabby is a financial technology company based in the United Arab Emirates that offers payment solutions for consumers in the UAE and Saudi Arabia. The company allows customers to pay for their online and in-store purchases either through a deferred single payment or in multiple installments. Tabby's proprietary decision engine facilitates instant checkout, enabling users to make purchases and pay later without incurring additional costs. Through its services, Tabby aims to enhance the shopping experience by providing greater financial flexibility to consumers.

ZIWO

Series A in 2019
ASWAT FZ LLC designs and develops contact center solutions for sales, marketing, customer support, and developers. The company provides, Ziwo, cloud center software which offers API based CRM integration and virtual phone numbers in every country. Its platform's features include a virtual call center, call queueing, call transfer, toll free numbers, customizable dashboard, customizable service-level agreements mobile application, call whispering, auto dialer, priority queue, and customer support. ASWAT FZ LLC was founded in 2010 and is based in Dubai, United Arab Emirates.

NOW Money

Series A in 2019
NOW Money uses mobile banking technology to bring accounts and remittance to the unbanked population of the Middle East. It provides a convenient and easy to use solution for those currently excluded from the financial system, bringing full access to the financial system, and significant savings on remittance.

Floranow

Series A in 2019
Floranow.com operates as an online floral market. The company offers cut flowers from selected growers in Holland, Kenya and Thailand to flower shops, hotels and event organizers across the GCC and Jordan. Floranow.com was founded in 2016 and is based in Dubai, United Arab Emirates.

MUNCH:ON

Series A in 2019
MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders

Eyewa

Series A in 2019
Eyewa is the first dedicated online eyewear store for the Middle East. We have thousands of different eyeglasses, sunglasses, color contact lenses and prescription contact lenses for you to choose from. On Eyewa, you’ll find quintessentially cool brands like Ray-Ban and Emporio Armani, heritage brands like Burberry and Persol, high-fashion brands like Fendi, Dolce & Gabbanaand Prada sporty brands like Nike and Lacoste and everything in between. Discover their brands portfolio with thousands of styles here.

Nana

Series A in 2019
Nana is an online grocery platform that provides doorstep deliveries of groceries and other home essentials. The company's platform offers a wide assortment of groceries, fruits, and vegetables, cosmetics, electronics, bakery items, and flowers that enables consumers to purchase products online and get them delivered to their homes. Nana was established in 2016 and is headquartered in Riyadh, Ar Riyad, Saudi Arabia.

MUNCH:ON

Series A in 2019
MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders

yallacompare

Series C in 2019
Yallacompare is the finance comparison site in the middle east with operations across 9 countries in the mena region. Since 2011 they have helped users compare banking products saving each one thousands of dollars every year. Since banking and insurance go hand in hand, they told their team to go out and build a platform that could save their users even more money. Their insurance tech is state of the art and built right here in the uae by their team of ninja geeks. Thanks to the efforts of their ninja geeks, you can now easily compare the price of your home insurance from the leading insurers with just a few clicks. Best of all, you can buy online and get your policy issued instantly.

Golden Scent

Series B in 2019
Golden Scent is an e-commerce platform based in Dammam, Saudi Arabia, specializing in branded perfumes, cosmetics, skincare, and hair products. Founded in 2014, the company aims to serve as a comprehensive online beauty destination, providing customers with access to a wide range of luxury fragrances and beauty items from a single source. Its innovative application feature allows users to virtually try on products before making a purchase, enhancing the shopping experience and ensuring customer satisfaction.

Mumzworld

Series B in 2018
Mumzworld.com operates an online shopping site that sells products for kids, babies, and moms. The company offers diapers, feeding products, toys, outdoor products, bathing solutions, clothes, safety products, nursery equipment, and books. It serves customers in the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Jordan, Lebanon, and internationally. The company was founded in 2011 and is based in Dubai, United Arab Emirates with representative offices in the United Arab Emirates and Saudi Arabia.

Crowd Analyzer

Seed Round in 2018
The 1st fully automated social web monitoring platform that support Arabic language with it's different dialects as well as supporting English. The innovation comes from the ability to automatically understands Arabic text in terms of relevance, dialect and sentiment.

The Luxury Closet

Series C in 2018
The Luxury Closet is a fast growing online market platform that buys, sells, and consigns luxury items, mostly pre-owned, at a discounted price maintaining brand and item integrity and the assurance of authenticity. The Luxury Closet is the first of its kind in the GCC region in terms of size, market reach and scalability. It has achieved massive traction in a short period of time, and double digit monthly growth.

Insider

Series B in 2018
Insider is a growth management platform that assists digital marketers in enhancing their customer engagement throughout the marketing funnel, from acquisition to retention and revenue generation. The platform utilizes real-time predictive segmentation powered by artificial intelligence and machine learning, enabling marketers to create personalized customer journeys across various channels, including web, mobile apps, and advertising. Designed for ease of implementation, Insider's unified data layer eliminates the need for complex integrations, allowing marketers to focus on driving growth without inefficiencies. The company aims to optimize marketing effectiveness by improving return on ad spend, driving conversions, and facilitating product discovery. Founded in 2012 and headquartered in Singapore, Insider has expanded its presence globally with offices in multiple cities, including London, Tokyo, and Dubai. The company has received recognition for its innovative solutions and leadership, including listings in prestigious startup rankings.

BitOasis

Venture Round in 2018
BitOasis Technologies FZE operates an online platform that enables users to buy and sell bitcoin in the United Arab Emirates, Qatar, Kuwait, Bahrain, and Saudi Arabia. Founded in 2015 and headquartered in Dubai, the company aims to provide the infrastructure for digital payment solutions utilizing blockchain technology. Its platform offers a bitcoin exchange, wallet services, and various integrations designed to facilitate access to a borderless and efficient digital payment system for both consumers and businesses. The platform is also available on iPhone and iPad, catering to a growing demand for digital financial services in emerging markets.

OfficeRock

Venture Round in 2017
Online e-commerce store specifically built to service small and medium businesses in the United Arab Emirates. The company aims to offer end to end business supply solutions from office supplies, paper, toners, technology, pantry, cleaning and uniforms.

Golden Scent

Series A in 2017
Golden Scent is an e-commerce platform based in Dammam, Saudi Arabia, specializing in branded perfumes, cosmetics, skincare, and hair products. Founded in 2014, the company aims to serve as a comprehensive online beauty destination, providing customers with access to a wide range of luxury fragrances and beauty items from a single source. Its innovative application feature allows users to virtually try on products before making a purchase, enhancing the shopping experience and ensuring customer satisfaction.

Floranow

Seed Round in 2017
Floranow.com operates as an online floral market. The company offers cut flowers from selected growers in Holland, Kenya and Thailand to flower shops, hotels and event organizers across the GCC and Jordan. Floranow.com was founded in 2016 and is based in Dubai, United Arab Emirates.

OfficeRock

Seed Round in 2017
Online e-commerce store specifically built to service small and medium businesses in the United Arab Emirates. The company aims to offer end to end business supply solutions from office supplies, paper, toners, technology, pantry, cleaning and uniforms.

Seez ApS

Seed Round in 2017
Seez is a data-first automotive platform. The Seez mobile app for car shoppers offers a smart search engine for online car listings, as well as proprietary, AI-powered tools, and services that make the car shopping journey faster, easier and more efficient. App available in UAE, KSA, Kuwait, South Africa, and Pakistan.

yallacompare

Series B in 2017
Yallacompare is the finance comparison site in the middle east with operations across 9 countries in the mena region. Since 2011 they have helped users compare banking products saving each one thousands of dollars every year. Since banking and insurance go hand in hand, they told their team to go out and build a platform that could save their users even more money. Their insurance tech is state of the art and built right here in the uae by their team of ninja geeks. Thanks to the efforts of their ninja geeks, you can now easily compare the price of your home insurance from the leading insurers with just a few clicks. Best of all, you can buy online and get your policy issued instantly.

STEP Group

Series A in 2017
STEP Group is a leading digital and new media company in the Middle East with a house of modern news and entertainment brands.

Careem

Series D in 2016
Careem designs an online booking platform that connects passengers with local drivers. Its platform offers a marketplace of community drivers where passengers can request a ride in minutes, see the cost, and have it charged to their selected credit card, which helps passengers have access to affordable and advantageous transportation. Abdulla Elyas, Magnus Olsson, and Mudassir Sheika founded Careem on June 15, 2012, with its headquarters in Dubai in the United Arab Emirates.

MUNCH:ON

Seed Round in 2016
MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders

yallacompare

Venture Round in 2016
Yallacompare is the finance comparison site in the middle east with operations across 9 countries in the mena region. Since 2011 they have helped users compare banking products saving each one thousands of dollars every year. Since banking and insurance go hand in hand, they told their team to go out and build a platform that could save their users even more money. Their insurance tech is state of the art and built right here in the uae by their team of ninja geeks. Thanks to the efforts of their ninja geeks, you can now easily compare the price of your home insurance from the leading insurers with just a few clicks. Best of all, you can buy online and get your policy issued instantly.

The Luxury Closet

Series B in 2016
The Luxury Closet is a fast growing online market platform that buys, sells, and consigns luxury items, mostly pre-owned, at a discounted price maintaining brand and item integrity and the assurance of authenticity. The Luxury Closet is the first of its kind in the GCC region in terms of size, market reach and scalability. It has achieved massive traction in a short period of time, and double digit monthly growth.

Insider

Series A in 2016
Insider is a growth management platform that assists digital marketers in enhancing their customer engagement throughout the marketing funnel, from acquisition to retention and revenue generation. The platform utilizes real-time predictive segmentation powered by artificial intelligence and machine learning, enabling marketers to create personalized customer journeys across various channels, including web, mobile apps, and advertising. Designed for ease of implementation, Insider's unified data layer eliminates the need for complex integrations, allowing marketers to focus on driving growth without inefficiencies. The company aims to optimize marketing effectiveness by improving return on ad spend, driving conversions, and facilitating product discovery. Founded in 2012 and headquartered in Singapore, Insider has expanded its presence globally with offices in multiple cities, including London, Tokyo, and Dubai. The company has received recognition for its innovative solutions and leadership, including listings in prestigious startup rankings.

Geeks

Seed Round in 2016
Technology is taking over and we’re becoming more and more dependent on it. It has become the core of every business in every industry and it’s dominating consumer products and households with phones, laptops, tablets and smart home technologies. Geeks is an on-demand business that connects the right Geek with businesses and consumers based on time, location and skill set. This allows the customer to get the most efficient service possible.

boxit.co

Seed Round in 2016
Boxit Technology FZ-LLC operates an online platform that connects individuals seeking additional storage for their personal belongings with logistics companies that have available space. Founded in 2015 and based in Dubai, the platform allows users to manage their items through an online visual catalog, where they can select boxes, schedule pickups, and arrange for delivery of their stored items. Boxit offers a convenient and flexible storage solution, ensuring that possessions are stored securely and can be easily transported as needed. The service includes options for packing and pickup directly from users' homes, making the storage process efficient and user-friendly.

BitOasis

Seed Round in 2016
BitOasis Technologies FZE operates an online platform that enables users to buy and sell bitcoin in the United Arab Emirates, Qatar, Kuwait, Bahrain, and Saudi Arabia. Founded in 2015 and headquartered in Dubai, the company aims to provide the infrastructure for digital payment solutions utilizing blockchain technology. Its platform offers a bitcoin exchange, wallet services, and various integrations designed to facilitate access to a borderless and efficient digital payment system for both consumers and businesses. The platform is also available on iPhone and iPad, catering to a growing demand for digital financial services in emerging markets.

OfficeRock

Seed Round in 2016
Online e-commerce store specifically built to service small and medium businesses in the United Arab Emirates. The company aims to offer end to end business supply solutions from office supplies, paper, toners, technology, pantry, cleaning and uniforms.

OfficeRock

Seed Round in 2016
Online e-commerce store specifically built to service small and medium businesses in the United Arab Emirates. The company aims to offer end to end business supply solutions from office supplies, paper, toners, technology, pantry, cleaning and uniforms.

Mumzworld

Series A in 2016
Mumzworld.com operates an online shopping site that sells products for kids, babies, and moms. The company offers diapers, feeding products, toys, outdoor products, bathing solutions, clothes, safety products, nursery equipment, and books. It serves customers in the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Jordan, Lebanon, and internationally. The company was founded in 2011 and is based in Dubai, United Arab Emirates with representative offices in the United Arab Emirates and Saudi Arabia.

Careem

Series C in 2015
Careem designs an online booking platform that connects passengers with local drivers. Its platform offers a marketplace of community drivers where passengers can request a ride in minutes, see the cost, and have it charged to their selected credit card, which helps passengers have access to affordable and advantageous transportation. Abdulla Elyas, Magnus Olsson, and Mudassir Sheika founded Careem on June 15, 2012, with its headquarters in Dubai in the United Arab Emirates.

Arabia Weather

Series A in 2015
Arabia Weather features hourly-updated weather forecasts and alerts in United Arab Emirates.

yallacompare

Series A in 2015
Yallacompare is the finance comparison site in the middle east with operations across 9 countries in the mena region. Since 2011 they have helped users compare banking products saving each one thousands of dollars every year. Since banking and insurance go hand in hand, they told their team to go out and build a platform that could save their users even more money. Their insurance tech is state of the art and built right here in the uae by their team of ninja geeks. Thanks to the efforts of their ninja geeks, you can now easily compare the price of your home insurance from the leading insurers with just a few clicks. Best of all, you can buy online and get your policy issued instantly.