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 Turkey

Tarfin

Series A in 2021
Tarfin operates a cloud-based credit platform designed to assist underbanked farmers in Turkey by providing access to high-quality farm inputs and competitive financing options at the point of sale. Founded in 2017 and based in Istanbul, the company employs advanced technologies, including big data analytics and machine learning, to compare prices and identify low-cost alternatives for essential agricultural inputs such as fertilizers, seeds, and equipment. This innovative approach not only helps farmers secure necessary resources at competitive prices but also allows retailers to mitigate receivable risks and optimize their capital. Tarfin's commitment to financial inclusion has been recognized, having won the EFSE's Financial Inclusion Challenge in 2016.

Tarfin

Series A in 2020
Tarfin operates a cloud-based credit platform designed to assist underbanked farmers in Turkey by providing access to high-quality farm inputs and competitive financing options at the point of sale. Founded in 2017 and based in Istanbul, the company employs advanced technologies, including big data analytics and machine learning, to compare prices and identify low-cost alternatives for essential agricultural inputs such as fertilizers, seeds, and equipment. This innovative approach not only helps farmers secure necessary resources at competitive prices but also allows retailers to mitigate receivable risks and optimize their capital. Tarfin's commitment to financial inclusion has been recognized, having won the EFSE's Financial Inclusion Challenge in 2016.

Volt Lines

Series A in 2019
Volt Lines is an Istanbul-based transportation service provider that offers a subscription-based micro-transit platform for corporate customers. Launched in April 2018, the service allows users to book seats on mini-buses for their daily commutes, facilitating efficient transport with less walking distance and optimized routes. By providing unlimited rides through its mobile application, Volt Lines aims to enhance the commuting experience for employees while streamlining transportation operations for businesses. Founded in 2017, the company focuses on improving the efficiency of personnel transportation, addressing the needs of both passengers and employers.

Marti

Series A in 2019
Marti Technologies Inc. is a micro-mobility company based in Istanbul, Turkey, that focuses on providing electric vehicles for local transportation in the MENA region and Eastern Europe. Established in 2018, Marti operates a fleet of over 48,000 electric mopeds, e-bikes, and e-scooters. The company utilizes proprietary software systems and IoT infrastructure to manage its operations efficiently, aiming to enhance urban mobility and accessibility in the areas it serves.

Marti

Series A in 2019
Marti Technologies Inc. is a micro-mobility company based in Istanbul, Turkey, that focuses on providing electric vehicles for local transportation in the MENA region and Eastern Europe. Established in 2018, Marti operates a fleet of over 48,000 electric mopeds, e-bikes, and e-scooters. The company utilizes proprietary software systems and IoT infrastructure to manage its operations efficiently, aiming to enhance urban mobility and accessibility in the areas it serves.

Modanisa

Private Equity Round in 2019
Modanisa is an online fashion retailer specializing in women's Islamic clothing, including dresses and accessories tailored for modest dressing. The platform caters to women of all ages, offering a diverse range of products that reflect contemporary trends in hijab styles and modest fashion. Modanisa features collections from well-known designers, providing options such as abayas and jilbabs. The retailer ships its products globally, allowing conservative women to shop conveniently while staying aligned with their fashion preferences. In addition to its product offerings, the site also provides fashion tips tailored for Muslim regions, enhancing the shopping experience for its customers.

Tarfin

Seed Round in 2018
Tarfin operates a cloud-based credit platform designed to assist underbanked farmers in Turkey by providing access to high-quality farm inputs and competitive financing options at the point of sale. Founded in 2017 and based in Istanbul, the company employs advanced technologies, including big data analytics and machine learning, to compare prices and identify low-cost alternatives for essential agricultural inputs such as fertilizers, seeds, and equipment. This innovative approach not only helps farmers secure necessary resources at competitive prices but also allows retailers to mitigate receivable risks and optimize their capital. Tarfin's commitment to financial inclusion has been recognized, having won the EFSE's Financial Inclusion Challenge in 2016.

Modanisa

Venture Round in 2017
Modanisa is an online fashion retailer specializing in women's Islamic clothing, including dresses and accessories tailored for modest dressing. The platform caters to women of all ages, offering a diverse range of products that reflect contemporary trends in hijab styles and modest fashion. Modanisa features collections from well-known designers, providing options such as abayas and jilbabs. The retailer ships its products globally, allowing conservative women to shop conveniently while staying aligned with their fashion preferences. In addition to its product offerings, the site also provides fashion tips tailored for Muslim regions, enhancing the shopping experience for its customers.

Modanisa

Debt Financing in 2016
Modanisa is an online fashion retailer specializing in women's Islamic clothing, including dresses and accessories tailored for modest dressing. The platform caters to women of all ages, offering a diverse range of products that reflect contemporary trends in hijab styles and modest fashion. Modanisa features collections from well-known designers, providing options such as abayas and jilbabs. The retailer ships its products globally, allowing conservative women to shop conveniently while staying aligned with their fashion preferences. In addition to its product offerings, the site also provides fashion tips tailored for Muslim regions, enhancing the shopping experience for its customers.

KapGel

Seed Round in 2016
KapGel Teknoloji A.S. is a pioneering urban delivery platform based in Turkey, founded in 2014. The company connects retailers and e-commerce businesses with local courier services, facilitating rapid deliveries to consumers. KapGel specializes in providing an instant gratification experience, allowing customers to receive a wide range of products from local merchants within an hour. This service addresses the immediate needs of consumers, ensuring they can obtain essential items quickly and efficiently. By leveraging local courier networks, KapGel enhances the convenience of shopping and streamlines the delivery process for both businesses and consumers.

Volt

Seed Round in 2016
Volt is an on-demand inner-city peer-to-peer ridesharing app that connects car owners with passengers going in the same direction. Unlike traditional car hailing apps which dispatch cars to the passenger’s location, Volt connects passengers with cars already driving in traffic and heading to the same destination. Carowners earn back theirdriving expenses (~200€/mo - without making profit), while passengers enjoy rides that are 70% cheaper than taxi.
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