Wamda Capital

Wamda Capital is a prominent venture capital firm based in Dubai, founded in 2010, with an additional office in Jordan. It focuses on investing in high-growth, technology-driven startups across the MENA region, targeting both seed and growth-stage companies. The firm is sector-agnostic but has particular interests in financial services, consumer goods, software, the Internet of Things, and artificial intelligence. Wamda Capital aims to support exceptional entrepreneurs by guiding portfolio companies through successive financing rounds until exit. Additionally, Wamda operates as a knowledge platform, offering integrated programs that include media, community development, research, and advisory services to enhance the regional startup ecosystem.

Fadi Ghandour

Managing Partner, Executive Chairman and Founder

Daniel dos Reis

Investment Director

Varun Sharma

Investment Associate

Past deals in Saudi Arabia

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 is a fintech company based in Dubai, United Arab Emirates, founded in 2015. The company operates an online platform that enables users to buy and sell bitcoins across the Gulf Cooperation Council (GCC) countries, including the United Arab Emirates, Qatar, Kuwait, Bahrain, and Saudi Arabia. BitOasis aims to provide a secure and regulated infrastructure for cryptocurrency trading, catering to both retail and institutional clients. Its platform includes a bitcoin exchange, wallet services, and various integrations designed to facilitate seamless digital transactions. By focusing on emerging markets, BitOasis seeks to onboard consumers and businesses into an efficient, borderless payment system using blockchain technology.

Hala

Series A in 2021
Developer of digital mobile payment platform intended to easily and securely send and receive payments to individuals and companies. The company's platform offers payment infrastructure, point of sale solutions, digital wallets, and bank cards, enabling clients with digital tools to accept payments, control cash, and monitor sales analytics.

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.

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.

Tabby

Seed Round in 2019
Tabby Inc. is a financial services company based in the United Arab Emirates that offers payment solutions for online and in-store purchases. The company provides consumers in the UAE and Saudi Arabia with a buy now, pay later option, allowing them to choose between making a deferred single payment or paying in multiple installments. Tabby's proprietary decision engine facilitates instant checkouts, enabling customers to make purchases without incurring additional costs. This approach allows consumers to utilize flexible credit while ensuring secure payment methods.

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.

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 platform serves as an online beauty destination where customers can access a wide variety of luxury fragrances and beauty items from a single source. Notably, Golden Scent features an application that allows users to virtually try on products before making a purchase, enhancing the shopping experience and ensuring customer satisfaction. The company focuses on providing genuine beauty products, making it a reliable choice for consumers seeking quality in their beauty purchases.

Mumzworld

Series B in 2018
Mumzworld.com is a leading online shopping platform in the Middle East, specializing in products for mothers, babies, and children. Founded in 2011 and headquartered in Dubai, the company serves over two million mothers across the MENA region, offering an extensive catalog of more than 200,000 products from over 2,000 global and regional brands. Its product range includes diapers, feeding essentials, toys, clothing, safety items, nursery equipment, and books. Mumzworld.com has earned a reputation for providing a convenient shopping experience by offering exclusive products and distribution rights, as well as partnering with major brands like P&G and Danone. The platform caters to customers in the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Jordan, Lebanon, and beyond, shipping to over 20 countries. By focusing on the needs of mothers, Mumzworld.com aims to be an essential resource and shopping destination for families in the region.

BitOasis

Venture Round in 2018
BitOasis Technologies FZE is a fintech company based in Dubai, United Arab Emirates, founded in 2015. The company operates an online platform that enables users to buy and sell bitcoins across the Gulf Cooperation Council (GCC) countries, including the United Arab Emirates, Qatar, Kuwait, Bahrain, and Saudi Arabia. BitOasis aims to provide a secure and regulated infrastructure for cryptocurrency trading, catering to both retail and institutional clients. Its platform includes a bitcoin exchange, wallet services, and various integrations designed to facilitate seamless digital transactions. By focusing on emerging markets, BitOasis seeks to onboard consumers and businesses into an efficient, borderless payment system using blockchain technology.

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 platform serves as an online beauty destination where customers can access a wide variety of luxury fragrances and beauty items from a single source. Notably, Golden Scent features an application that allows users to virtually try on products before making a purchase, enhancing the shopping experience and ensuring customer satisfaction. The company focuses on providing genuine beauty products, making it a reliable choice for consumers seeking quality in their beauty purchases.

BitOasis

Seed Round in 2016
BitOasis Technologies FZE is a fintech company based in Dubai, United Arab Emirates, founded in 2015. The company operates an online platform that enables users to buy and sell bitcoins across the Gulf Cooperation Council (GCC) countries, including the United Arab Emirates, Qatar, Kuwait, Bahrain, and Saudi Arabia. BitOasis aims to provide a secure and regulated infrastructure for cryptocurrency trading, catering to both retail and institutional clients. Its platform includes a bitcoin exchange, wallet services, and various integrations designed to facilitate seamless digital transactions. By focusing on emerging markets, BitOasis seeks to onboard consumers and businesses into an efficient, borderless payment system using blockchain technology.

BitOasis

Seed Round in 2016
BitOasis Technologies FZE is a fintech company based in Dubai, United Arab Emirates, founded in 2015. The company operates an online platform that enables users to buy and sell bitcoins across the Gulf Cooperation Council (GCC) countries, including the United Arab Emirates, Qatar, Kuwait, Bahrain, and Saudi Arabia. BitOasis aims to provide a secure and regulated infrastructure for cryptocurrency trading, catering to both retail and institutional clients. Its platform includes a bitcoin exchange, wallet services, and various integrations designed to facilitate seamless digital transactions. By focusing on emerging markets, BitOasis seeks to onboard consumers and businesses into an efficient, borderless payment system using blockchain technology.

Mumzworld

Series A in 2016
Mumzworld.com is a leading online shopping platform in the Middle East, specializing in products for mothers, babies, and children. Founded in 2011 and headquartered in Dubai, the company serves over two million mothers across the MENA region, offering an extensive catalog of more than 200,000 products from over 2,000 global and regional brands. Its product range includes diapers, feeding essentials, toys, clothing, safety items, nursery equipment, and books. Mumzworld.com has earned a reputation for providing a convenient shopping experience by offering exclusive products and distribution rights, as well as partnering with major brands like P&G and Danone. The platform caters to customers in the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Jordan, Lebanon, and beyond, shipping to over 20 countries. By focusing on the needs of mothers, Mumzworld.com aims to be an essential resource and shopping destination for families in the region.
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