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 Kenya

Twiga Foods

Venture Round in 2019
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform, serving retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its innovative platform. Twiga Foods aims to streamline the supply chain and enhance access to essential goods for millions of small and medium-sized vendors in urban markets throughout the continent.

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.

Twiga Foods

Series B in 2018
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform, serving retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its innovative platform. Twiga Foods aims to streamline the supply chain and enhance access to essential goods for millions of small and medium-sized vendors in urban markets throughout the continent.

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.

Twiga Foods

Series A in 2017
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform, serving retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its innovative platform. Twiga Foods aims to streamline the supply chain and enhance access to essential goods for millions of small and medium-sized vendors in urban markets throughout the continent.

Twiga Fruits

Series A in 2017
Twiga Fruits is committed to working with farmers to grow delicious fruit for people to enjoy. Their philosophy is that consumers appreciate knowing that the high quality fruits on their table come from a supply chain that fairly treats farmers and it’s their job to provide that bridge. Twiga Fruits is a progressive leader in Kenya’s fruit industry. With a conviction that domestic fruit sales and foreign exports should serve as a backbone of Kenya’s economy, Twiga Fruits is built around a team of reformers with over 80 collective years of agronomic and supply chain experience. In Kenya’s growing urban dwellings, Twiga Fruits is lowering prices by building distribution networks that beat the costly informal networks of layers of middlemen and brokers. When they say “Better Produce, Better Prices,” they mean it. There is no reason Kenyan fruit should cost as much in Nairobi as Dubai. For export markets, Twiga Fruits is raising standards through being the market leader in digitized traceability of products. Twiga Fruits treats all their farmers for what they are: professionals. As a company policy, Twiga Fruits differentiates itself by refusing to work with third-party “brokers”: traders who dominate the Kenyan fruit trade, profiting on farmers’ limited access to markets by buying at exploitatively prices, paying weeks later, and selling on to the local markets and exporters. Twiga Fruits instead buys directly from the farmer, and they believe a farmer deserves to get paid immediately for any produce he sells. They make sure their farmers receive the technical support to increase production levels, meet global quality standards, and seek credit to expand their operations. It’s not only the right thing to do: it’s good for the farmer, for us, for Kenya, and for consumers.