Market Research Report: Wamda Capital
Company Overview
Name: Wamda Capital
Mission:
We invest in transformational businesses and create meaningful partnerships with entrepreneurs.
Founded: 2010
Founder: Fadi Ghandour
Key People:
- Fadi Ghandour: Executive Chairman
- Fares Ghandour: Partner
- Daniel dos Reis: Investment Director
- Varun Sharma: Investment Associate
- Dima Beidas: Investment Associate
- Annelies Feeney: Executive Assistant
- Micah Vino: Office Administrator
- Abdul Munam: Accounting and Finance Controller
Headquarters: Dubai Design District (d3), P.O.Box 333231, Dubai, UAE
Number of Employees: No information is available
Revenue: No information is available
Notable Achievements:
- Investing in over 67 companies through Wamda Seed and Wamda Capital Fund I.
- Successful exits include companies like Careem, Mumzworld, and Twiga.
- Participated in significant funding rounds and investments, like Salla's $130 million pre-IPO and Tabby's $58M at a $660M valuation.
Products
Wamda Capital Funds
Wamda Capital Fund I
- Overview: Launched in 2015, it is one of the region’s first Venture Capital funds, focusing on growth stage businesses (series A and above) in the Middle East, Africa, and Turkey.
- Key Features: $70 million fund anchored by the IFC, with participation from Zain and other regional investors.
Wamda Seed
- Overview: An early-stage evergreen investment entity backed by the personal capital of Fadi Ghandour targeting sector-agnostic, Seed to Series A technology startups based in the MENAPT region.
- Key Features: Provides patient capital without a predefined fund lifecycle, allowing flexibility in investment.
Recent Developments
New Products Launched
- Tabby Shop: An all-encompassing shopping tool integrated into the Tabby app.
New Features Added to Existing Products
- CleverSo 3.0: Launched by Tarjama, featuring AI-enabled translations and the first TMS with an Arabic UI.
New Partnerships and Acquisitions
- Dukkantek and Lezzoo: Strategic partnership to transform Iraq’s F&B supply chain.
- Belgium’s Deliverect and UAE’s ChatFood: Acquisition enabling Deliverect to extend its offerings in the Middle East.
- Floranow and Saudi Arabia’s Bloomax: Floranow fully acquired Bloomax to expand its market presence.
Significant Fundings and Financial Developments
- qeen.ai: Secured a $2.2 million pre-Seed funding round led by Wamda Capital.
- RemotePass: Raised $5.5 million in Series A funding.
- Salla: Secured $130 million pre-IPO investment led by Investcorp.
- Alma Health: Raised a $10 million Series A funding round.
Noteworthy Events
- Wafeq: Raised $3 million amidst the GCC implementing VAT agreements.
- Moove: Raised $76 million in new funding from Mubadala and BlackRock at a $550M valuation.
For detailed archives and more news, visit Wamda Capital's [news page](https://www.wamdacapital.com/news).
Contact Information
Address:
Dubai Design District (d3), P.O.Box 333231, Dubai, UAE
Email:
info@wamdacapital.com
Website:
[wamda.com](https://www.wamda.com)
This structured and information-dense report is based on the available data and adheres to professional report standards. For any additional queries, Wamda Capital can be contacted at the provided email and address.