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 Saudi Arabia

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.

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.

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.

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.