Fundraising Fox

Wamda Capital

Venture capitaloperating company · company profile

Dubai · Seed–Late Stage · 8 people tracked

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Investment thesis

Wamda Capital invests in innovative, high-growth technology companies, largely focused on the Middle East region, through its Fund I and Evergreen vehicles. Led by Aramex founder Fadi Ghandour, the firm evaluates startups through a founder's lens, drawing on more than a decade of experience, exposure to multiple investment cycles, and an extensive network to help founders scale companies from idea to IPO and beyond. Its track record spans over 100 investments, including well-known regional exits and category leaders across fintech, e-commerce, marketplaces, and gaming.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
Check
$600K – $65M
HQ
Dubai, AE
Instruments
Equity
Founded
2014
Last 12 months
1 investment
Tracked investments
89

Team · 8 people

from the firm's website & public directories

What they invest in

from 68 of 89 portfolio companies

SaaS ×23AI & Machine Learning ×21Fintech ×18Consumer ×12E-commerce ×11Enterprise Software ×11Media & Entertainment ×9Logistics & Supply Chain ×7

HQs:United Arab Emirates×16United States×10Saudi Arabia×3Türkiye×3Egypt×2United Kingdom×2

Who they back

founder profiles across 25 portfolio companies
60%
solo founders
15 of 25 mapped founding teams
58%
repeat founders
of 19 founders with career history

Founding team size:solo founder×152 founders×53 founders×34+ founders×2

Where their founders studiedfrom 16 founders with education data

The London School of Economics and Political Science (LSE) ×3Harvard University ×2Stanford University Graduate School of Business ×2University of Oxford ×2

Where their founders worked beforefrom 19 founders with career history

McKinsey & Company ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×4

Investments · 89 tracked

founders shown can be your intro path

By year:2026 · 12025 · 12023 · 12020 · 22019 · 12015 · 17 dated

Martimarti.techinNYSE: MRT

Marti is a Turkish mobility platform offering ride hailing and shared micromobility services (e-mopeds, e-bikes, e-scooters) powered by proprietary software and IoT infrastructure.

B2B MarketplacesIoTMobility & TransportationIstanbul, TR

Co-investorsAdapt VenturesAlleyCorpCOTU VenturesEBRD Venture Capital Investment ProgrammePartners for GrowthPartners for Growth (PFG)+1 more

Insideruseinsider.comin𝕏✓ verified

Insider offers InStory, a website feature that adds Instagram/TikTok-style story experiences to ecommerce and marketing sites to drive product discovery, engagement, and conversions.

AI & Machine LearningData & InfrastructureE-commerceMarketing TechMedia & EntertainmentSaaSNew York City, US

Mehmet Sinan Toktay(Founder)inMuharrem Derinkök

BoardArda KoterinHande CilingirinOkan YedibelainSerhat Soyuerelin

Co-investorsGeneral AtlanticRiverwood Capital212Qatar Investment AuthoritySequoia Capital500 Emerging Europe+3 more

Aanaabaanaab.comin𝕏

Aanaab is an online platform offering professional training and development courses for teachers and educators, delivered by specialists in areas such as educational technology, differentiated instruction, behavior analysis, and talent development.

EdTechFuture of WorkSaaS

Co-investorsRethink Capital Partners

Alma Healthalmahealth.ioin𝕏

Xoilac Live (Xôi Lạc TV) is a Vietnamese-language website offering free live streaming of football matches in Full HD with Vietnamese commentary, covering leagues such as the Premier League, La Liga, Serie A, Ligue 1, Champions League and V-League.

ConsumerMedia & Entertainment

Khaldoon Bushnaq(Founder)Trần Đức Thiện(CEO)

Co-investorsAnnex InvestmentsJoa CapitalSalica Investments

Aqarmapaqarmap.com

Aqarmap is an Egypt- and Saudi Arabia-focused online real estate marketplace for buying, selling and renting property.

Co-investorsRAED Ventures

ArabiaWeatherarabiaweather.comin

ArabiaWeather provides weather forecasts and related information through its website and mobile app, with a premium subscription tier offering ad-free access and additional features.

ConsumerMedia & Entertainment

Co-investorsDASH VenturesSilicon BadiaJabbar Internet Group

Aspisafesolutionsaspisafesolutions.comin

Aspi Safe Solutions develops medical devices for intubated and intensive care patients, including an orogastric tube securement device, a feeding tube designed to prevent stomach reflux and aspiration, and a system (SAMMY) that uses indirect calorimetry to measure and deliver personalized caloric nutrition.

HardwareHealthtechMedical Devices

Azafinanceazafinance.comin𝕏

AZA Finance is a fintech platform that connects businesses to frontier markets and currencies.

Fintech

Elizabeth Rossiello(Founder)

Co-investorsColle Capital PartnersDigital Currency GroupFuture Perfect VenturesGreycroftPantera Capital

Believebelieve.sg

Global Singapore-based FMCG conglomerate providing market-ready consumer and personal care products designed for diverse cultural needs.

Co-investorsCapria VenturesJungle VenturesVenturi Partners Pte. Ltd.

Bitoasisbitoasis.netAcquired

BitOasis is a Dubai-based crypto asset exchange and virtual asset broker-dealer serving the Middle East and North Africa.

Ola Doudin(Founder)in

Co-investorsBuilders + BackersDigital Currency GroupFinbergJabbar Internet GroupMerak CapitalPantera Capital

Bldrbldr.venturesin𝕏

bldr.ventures is a venture builder based in the MENA region that partners with founders as an early co-founder, helping validate business ideas and build companies from concept through launch.

EdTechFuture of Work

BloomPathbloompath.ai

BloomPath is a San Francisco AI platform that delivers in-workflow coaching and performance insights to engineering teams.

San Francisco, US

Mohammad Kotb(Founder)in

Co-investorsUlu Ventures

Breez AI

No-code voice automation platform enabling businesses to build and automate phone workflows with natural, human-like AI agents.

Careemcareem.comin𝕏Acquired

Careem operates a super app offering ride-hailing, food and grocery delivery (Quik), and related everyday services to consumers.

ConsumerLogistics & Supply ChainMobility & TransportationDubai, AE

Karl Magnus Olsson(Founder)in

Co-investorsCedar Mundi VenturesCoatue ManagementCOTU VenturesDCM VenturesIris CapitalLumia Capital+3 more

Carmacarma.comin𝕏

CARMA provides media intelligence combining traditional and social media monitoring across 105+ languages with expert-led analysis, PR measurement, and communications research.

AI & Machine LearningMarketing TechMedia & Entertainment

Co-investorsJabbar Internet Group

Chatfoodchatfood.ioAcquired

ChatFood is an omnichannel ordering and marketing platform for hospitality venues, acquired by Deliverect in 2023.

Co-investorsCOTU Ventures

Claraclara.coin𝕏Acquired

Clara is a software platform that helps venture capital investors and portfolio companies organize legal and administrative tasks, including cap table management, legal compliance, and due diligence workflows.

Enterprise SoftwareFintechLegalTechSaaSAbu Dhabi, AE

Patrick Rogers

Co-investors500 GlobalDubai Angel InvestorsLegalTechShorooq PartnersTechstars

Clarityonclarity.comin

Clarity (Onclarity) offers an AI customer service platform that resolves support tickets automatically, provides knowledge-base-backed AI agents, and unifies customer feedback from chats, reviews, and social channels into a "voice of customer" analytics tool.

AI & Machine LearningEnterprise SoftwareSaaSLondon, GB

Abed Kasaji(Founder)Pavel Kochetkov(Founder)

Co-investorsPhaze VenturesTech Invest ComHumba VenturesLMNT VenturesPropeller Inc.Regeneration.VC

ClearGridcleargrid.aeinMar 2025

ClearGrid is a debt resolution platform that works with lenders to help borrowers view their balances, set up payment plans, and manage repayments at their own pace.

FintechSaaS

Mohammad Al Zaben(Founder)in

Co-investorsNuwa CapitalRAED Ventures9Yards CapitalBECO CapitalEndeavor CatalystProtagonist

Cyberlawcyberlaw.ai

CyberLaw builds legal technology for the Arab legal sector, including a legal research platform and AI-enhanced tools for legal practice, drafting, translation, and legislative work.

AI & Machine LearningLegalTechSaaS

Dassetidasseti.comin𝕏

Dasseti provides software for investment communications, helping firms manage due diligence questionnaires (DDQs), RFPs, and consultant database workflows.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaSNew York, US

Wissem Souissi(Executive Officer, Director)Liron Mandelbaum(Executive Officer)Asem Qamhiyeh(Executive Officer)Louise Verga(Executive Officer)Graham Cambridge(Executive Officer)

BoardSuzanne Cain(Director)

Co-investorsNasdaq Ventures

Derqderq.comin𝕏

Derq develops AI-powered intelligent transportation systems for road safety and smart cities, working with government agencies and transportation authorities.

AI & Machine LearningData & InfrastructureGovTechIoTMobility & TransportationDubai, AE

Dr. Georges Aoude(Co-founder and CEO)inKarl Jeanbart(Co-founder and COO)inAmer Abufadel(Co-founder, Founding CTO, and Sr. Advisor)in

Co-investorsDoon CapitalPhoenician VCPresightTechstarsPropeller Inc.

DTEK (FKA Dukkantek) Venture Investmentsdtek.aiin𝕏

DTEK.ai builds AI systems for retailers, including automated checkout, computer-vision store monitoring, customizable AI agents for loss prevention and reporting, and decision intelligence tools.

AI & Machine LearningEnterprise SoftwareRetail Tech

Co-investorsAMK Investment OfficeAnnex InvestmentsColle Capital Partners

Englease FZ LLCenglease.comin𝕏

Englease is an online English-language learning platform offering live and on-demand classes, practice tools, training videos, and conversation clubs, with CPD (UK)-accredited certificates upon completing each level.

EdTechSaaS

Omar Sheehan(Founder)Omar Chihane

Co-investors500 GlobalBY Venture PartnersSalica InvestmentsCOTU VenturesDubai Angel InvestorsLearnStart

Eyewaeyewa.comin𝕏

Eyewa is an online eyewear retailer selling contact lenses, sunglasses, and glasses, with a click-and-collect option across 260+ stores.

ConsumerDirect to ConsumerE-commerceRetail Tech

Mehdi Oudghiri(Founder)inAnass Boumediene

Co-investors500 GlobalEQ2 VenturesGeneral AtlanticKhwarizmi VenturesNuwa Capital

Fabricaidfabricaid.me

Lebanese social enterprise that collects, sorts, upcycles and resells second-hand clothing at micro-prices to disadvantaged communities.

Co-investorsGlobivest

Floranowfloranow.comin

Floranow is a UAE-based B2B online marketplace connecting global flower growers directly to retailers in the Middle East.

Co-investorsDASH VenturesJabbar Internet GroupNama Ventures

Fresh To Home foodfreshtohome.comin𝕏

FreshToHome is an online marketplace for fresh meat, poultry, and seafood, sourcing directly from farmers and small-boat fishermen for home delivery.

Direct to ConsumerE-commerceFoodTech

Shan Kadavil(Founder)

Co-investorsInvestcorpIron PillarKortschak Investments L.P.SGH Capital

Freshsourceglobalfreshsourceglobal.comin

FreshSource is a B2B platform in Egypt that uses technology and data to source, move, and sell fresh produce, connecting suppliers with businesses such as hotels, restaurants, cafes, hospitals, and retailers.

B2B MarketplacesFoodTechLogistics & Supply ChainCairo, EG

Farah Emara(Founder)Omar Emara(Founder)

Co-investors4DX Ventures

Geeksgeeks.com
Golden Scentgoldenscent.comin𝕏

Golden Scent is an online retailer of perfumes, cosmetics, skincare, haircare, home fragrance, and personal care products from a wide range of international and Arabic brands.

ConsumerE-commerceRetail Tech

Co-investorsEQ2 VenturesRAED VenturesSTV

Gomycodegomycode.comin

African edtech offering hybrid online and campus-based training in AI, coding and digital skills across Africa and the Middle East.

Yahya Bouhlel(Founder)in

Co-investorsAfricInvestCathay Innovation

Grocerappgrocerapp.pk

Pakistani online grocery retailer delivering fresh produce and packaged goods from its own fulfilment centres via web and mobile apps.

Co-investorsAmaana CapitalJabbar Internet GroupNama Ventures

Halahala.comin𝕏

Hala is a financial technology platform offering a business account that provides instant settlement of sales, payment acceptance and sending, expense control, and financing.

FintechSaaS

Co-investorsKhwarizmi VenturesMiddle East Venture Partners (MEVP)RAED VenturesAll In CapitalImpact46Recur Club

Halanhalan.com

Halan is a financial super app in Egypt offering a payment card with installment plans, consumer and business loans, money transfers, bill payments, savings and gold investment products, in-app gaming, and an e-commerce store.

ConsumerE-commerceFintechCairo, EG

Mounir Nakhla(Executive Officer, Director)Ahmed Mohsen(Executive Officer)Nader Ghabbour(Director)Ed Simnett(Director)

Heybreezheybreez.aiin𝕏

Breez provides voice AI systems that automate inbound customer support calls by detecting caller intent, retrieving live data, and resolving requests such as order status, account updates, and issue handling in real time.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsDASH Ventures

Holoholo.aein𝕏Oct 2019

Holo is a property-buying platform in the United Arab Emirates that helps home buyers arrange mortgages and find properties in one place.

FintechMarketplacesPropTechOakland, US

Arian Aghababaie(Executive Officer, Director, Promoter)Arran Summerhill(Founder)inMichael Hunter(Founder)inHal Zarem(Executive Officer, Director)

BoardPeter Nieh(Director)inMark Cupta(Director)in

Co-investorsLightspeed Venture PartnersSalica InvestmentsImpact46Prelude VenturesRua Growth Fund

Holo Venture Investmentsuseholo.comin𝕏

Holo is a property-buying platform in the United Arab Emirates that combines mortgage brokerage with property search and buyer-side advisory services.

FintechMarketplacesPropTech

Co-investorsAnnex InvestmentsPlus VCImpact46

Insider Growth Management Platform

AI and machine learning-powered digital marketing platform delivering predictive segmentation and personalization across channels.

Kanjomykanjo.comin

Kanjo is a mental health platform that matches families with personalized care options, specialists, and clinicians through an AI-driven assessment system.

AI & Machine LearningEdTechHealthtechMental HealthLondon, GB

Sophia Wayne(Cofounder)inStefan Bostock(Founding CTO)in

Co-investorsEntrepreneur FirstTechstars

Kharabeeshkharabeesh.comin𝕏

Kharabeesh is a media company and network for digital creators in the Arab world, producing and curating Arabic content across genres such as comedy, animation, kids and family, tech, gaming, beauty, and travel.

Creator EconomyMedia & Entertainment

Co-investorsDASH VenturesEndeavor Catalyst

Kiitos Techkiitos-tech.comin

Kiitos is a software development services company that builds technology for client businesses.

Developer ToolsSaaS

Konnkonn.techin

Konn builds three integrated systems — a composable architectural design language, a modular construction process, and a software platform connecting the homeowner journey — to design and build custom homes.

Construction TechPropTechSaaS

Co-investorsJabbar Internet GroupVision Ventures

Lambdatestlambdatest.comin𝕏Oct 2020

TestMu AI (formerly LambdaTest) is a cloud-based quality engineering platform that lets engineering teams automate end-to-end testing across web, mobile, and AI applications using AI agents and natural language prompts.

AI & Machine LearningCloud ComputingDeveloper ToolsSan Francisco, US

Mohammad Asad Khan(Executive Officer, Director)Jay Singh(Co-Founder & Chief Customer Officer)inAsad Khan(Co-Founder & CEO)inMayank Bhola(Co-Founder & Head of Product)Mudit Singh(Co-Founder & Head of Growth)Maneesh Sharma(COO)

Co-investorsEntrée CapitalPeak XV PartnersQualcomm VenturesTitanium VenturesBlume Ventures

Maktoub

Portfolio company cited in Wamda Capital's investment track record.

Modanisamodanisa.comin

Modanisa is an online retailer of modest fashion, selling dresses, evening wear, hijabs, outerwear, shoes, bags, cosmetics, and Islamic products for women.

ConsumerDirect to ConsumerE-commerce

Co-investorsEBRD Venture Capital Investment ProgrammeAslanoba CapitalEBRDSTC Ventures

Moove Africamoove.io

Moove provides vehicle financing that lets drivers own cars, bikes, or lorries and start their own businesses through partner mobility platforms.

FintechImpact & Social GoodLogistics & Supply ChainMobility & Transportation

Ladi Delano(Founder)inJide Odunsi(Founder)in

Co-investorsClocktower VenturesDCM VenturesEndeavor CatalystLoftyInc CapitalQuona CapitalRaptor Group+1 more

Mumzworldmumzworld.cominAcquired

Mumzworld is an online shop for mothers and babies, selling products across pregnancy, feeding, diapering, nursery furniture, travel gear, and toys.

ConsumerE-commerceMarketplaces

Co-investorsBY Venture PartnersTech Invest Com

Munchonmunchon.aeAcquired

UAE subscription-based food delivery platform for discounted meals, acquired by Careem in 2022.

Nananana.co

An Italian-language online publication that produces articles across news, sports, lifestyle, and entertainment categories for general readers.

Media & Entertainment

Co-investorsImpact46STV

Nestromnestrom.comin

Amman-based provider of cloud, SaaS and IoT software for digitising farm and field service operations.

Cloud ComputingAmman, JO

Yousef Wadi

Co-investors500 GlobalTechstarsPropeller Inc.

Nowmoneynowmoney.mein𝕏

NOW Money provides a digital payroll and mobile banking service in the UAE aimed at businesses that employ low-income workers.

FintechImpact & Social Good

Co-investorsSalica Investments

Palm Hrpalmhr.netin𝕏

Palm.hr is an HR management platform built for UAE and MENA compliance that automates payroll, attendance tracking, and workforce management for companies.

Enterprise SoftwareHR TechSaaSDubai, AE

Co-investorsAcadian Ventures Management, LlcRAED VenturesNama Ventures

Pennypenny.coin𝕏

Penny is an AI source-to-pay platform that manages the full procurement cycle — sourcing, RFQs, contracts, suppliers, purchase orders, and spend — in one system.

AI & Machine LearningEnterprise SoftwareSaaSRiyadh, SA

Iyad Aldalooj(Founder)

Co-investorsIliad PartnersOutliers VCSalica InvestmentsShorooq PartnersAcronym Venture CapitalScaleUP Ventures

Penny Software

Saudi-based procurement management software and B2B marketplace connecting suppliers with industry buyers.

Qeenqeen.aiin

qeen is a digital marketing service for e-commerce brands in the GCC region, combining AI-driven execution with human oversight to run paid media, creative production, and campaign tracking under one system.

AI & Machine LearningE-commerceMarketing TechDubai, AE

Ahmad Khwileh(Founder)Dina Alsamhan(Founder)

Co-investorsJabbar Internet GroupPhaze Ventures10x Founders

REEF Technologyreeftechnology.cominApr 2020

REEF converts underused parking lots and garages into neighborhood hubs hosting ghost kitchens, delivery, retail and healthcare.

Miami, US

Ari Ojalvo(Executive Officer, Director)Adan Gossar(Executive Officer)Carl Segal(Executive Officer)Jillian Hunt(Executive Officer)David Kownator(Executive Officer)Matt Lindenberger(Executive Officer)

Co-investorsBY Venture PartnersLDR VenturesSoftBank Vision FundTarget Global

RemotePassremotepass.comin𝕏

RemotePass is a platform for managing HR, payroll, and spend across a company's global and local workforce, including contractors, employer-of-record (EOR) employees, and direct hires.

Future of WorkHR TechSaaS

Kamal Reggad

Co-investorsA15COTU VenturesEBRD Venture Capital Investment ProgrammeFlyer One VenturesKhwarizmi Ventures500 Global+1 more

Sallasalla.com

Saudi SaaS platform that lets merchants launch no-code online stores with integrated payments, shipping and marketing.

Salususesalus.aiinNov 2023 · $4.7M

Salus is a policy-aware proxy that intercepts and manages AI agent actions, allowing, clarifying, repairing, or escalating tool calls without requiring changes to the underlying agent or stack.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Vedant Singh(Founder)in

Co-investorsY Combinator500 Emerging EuropeAnterra CapitalCollective SparkNorthzonePitchdrive

Exits · 1

IPOs and acquisitions across the tracked portfolio

MartiNYSE: MRT

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Wamda Capital made?
Wamda Capital has 87 tracked investments, including 2 dated in the last 24 months.
What stage does Wamda Capital invest at?
Wamda Capital invests at the Seed, Series A, Series B, Series C, Late Stage stages.
What is Wamda Capital's typical check size?
Wamda Capital typically writes checks of $600K – $65M.
What sectors does Wamda Capital focus on?
Wamda Capital focuses on AgTech, AI & Machine Learning, B2B Marketplaces, Consumer, E-commerce, Fintech, Gaming, HR Tech, Marketing Tech, Marketplaces, PropTech, SaaS.
Where is Wamda Capital located?
Wamda Capital is headquartered in Dubai, AE.
Who does Wamda Capital co-invest with?
Wamda Capital most often shares deals with RAED Ventures, Jabbar Internet Group, 500 Global, among 133 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Fireside chat with Fadi Ghandour, Founder & CEO of Wamda Capital

Paklaunch · Fadi Ghandour

Fadi Ghandour of Wamda Capital - Ex CEO Aramex

Dubai Founders Collective · Fadi Ghandour

Wamda Capital's Fares Ghandour on VC sentiment in 2023: Business Extra

The National News · Fares Ghandour

Fadi Ghandour, Managing Director, Wamda Capital - Full Interview

Voices of the Future · Fadi Ghandour

Fadi Ghandour, Chairman and CEO, Wamda Capital, ACH 2017

Harvard Arab Alumni Association · Fadi Ghandour

HBS Crossroads Fadi Ghandour, Managing Partner of Wamda Capital - Leadership Nuggets

MAD Talks · Fadi Ghandour

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