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Venture Capital
FINANCE | Investment Firms & Funds
wamdacapital.com

Investments

135

Portfolio Exits

8

Funds

3

Partners & Customers

1

About Wamda Capital

Wamda Capital operates as a venture capital firm. It focuses on deploying growth capital in the Middle East and North Africa's entrepreneur-led technology companies. The firm was founded in 2014 and is based in Dubai, United Arab Emirates.

Headquarters Location

Dubai Design District (d3) Building 7, Second Floor, Office Number 208 B

Dubai,

United Arab Emirates

97142118308

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Latest Wamda Capital News

Saudi Arabia's leading online grocery platform Nana raises USD 18mm in series b financing co-led by MEVP and STV

Sep 13, 2023

Other investors in the round included existing investors Saudi Venture Capital Company (SVC), Watar Partners and Wamda Capital. MEVP had earlier invested in Nana in 2019. Press Release PHOTO Dubai, UAE : Middle East Venture Partners (MEVP) and Saudi Telecom Ventures (STV) have co-led an investment in KSA-based Nana, one of Saudi Arabia’s fastest growing technology start up. Other investors in the round included existing investors Saudi Venture Capital Company (SVC), Watar Partners and Wamda Capital. MEVP had earlier invested in Nana in 2019. Nana is an online grocery platform that currently serves 14 cities across the Kingdom. The marketplace platform powers hypermarkets and helps them showcase their inventory to millions of Nana users. Buyers enjoy the luxury of sitting at home while a shopper prepares the basket and hands it to a delivery man to deliver the order. The technology allows users to get a constant overview of the progress during the order and nana users love the brand for the flawless experience. “We have spent the past year and a half to remove the bottlenecks in everyday grocery buying for our users. There is a long way to go, and with investors such as MEVP and STV, we are confident of being Saudi’s leading consumer app.” said Sami Alhelwah, Founder & CEO of Nana. “This round will enable us to expand in KSA and outside. It will allow us to focus on further improving our stellar customer experience and develop technology solutions to support our partner's growth and development.” Sami added. Nana has tripled its turnover during the past year and partnerships with Carrefour, Panda, Spar, Farm Superstores, Manuel and many others has helped Nana offer the widest possible range of consumer packaged goods (CPG) all over Saudi. Commenting on the deal, Ankit Sarwahi from MEVP said “Nana keeps ticking all the boxes of a rapidly growing tech start-up. We are delighted with the dynamism of the Founders and the frantic pace at which the Company is capturing market share. We stay committed to and aligned with Nana’s mission of moving a substantial chunk of grocery from offline to an online environment and we are excited to see the Company walk into its next phase of expansion on the back of this fund raise.” For Saudi Telecom Ventures (STV) this is yet another commitment to the Saudi tech ecosystem. Ahmad Alshammari, Principal at STV, added: “Online grocery penetration in Saudi Arabia has the potential to grow 18 times to reach global rates. The opportunity to transform the second-highest consumer spending bucket is large and significant. We’re very excited to back the vision of Sami and the team at Nana; they have managed to build an intuitive product, a reliable operation, and developed valuable partnerships. In a very short time span, Nana has emerged as the market leader in Saudi Arabia and is best-positioned to capture the greater MENA market.” Nana is constantly adding hypermarkets partners as well as boutique food stores to its repertoire. The Company aims to deliver a hundred thousand orders every month to Saudi-based buyers and aims to reach this milestone by the end of 2020. -Ends- About Middle East Venture Partners (MEVP) MEVP is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative technology companies run by talented entrepreneurs in the Middle East region with a focus on the GCC and Levant countries. With a team of 20 VC professionals across offices in Dubai, Beirut, Bahrain, Riyadh and Abu Dhabi, MEVP manages 4 regional funds and is the most established VC firm in the region, with clear cross border investment appetite. About STV STV is a Riyadh-based independent VC fund anchored by Saudi Telecom Group, MENA's largest telecom operator. With offices in Riyadh and Dubai, the $500m fund invests in growth-stage technology companies globally. STV began operations in early 2018. About Nana Nana is Saudi Arabia's leading e-Grocery Marketplace platform, operating in 14 cities across KSA. Launched in Riyadh with a mission to be the leader in online grocery shopping across the MENA region. Nana operates as an on-demand delivery platform, facilitating deliveries to your door through a click of a button. With partnerships with most hypermarkets in KSA and many specialty stores. Nana solutions cater to its products to the whole ecosystem: consumers, stores & retailers, shoppers & delivery men, as well as the CPG companies. © Press Release 2020 Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

Wamda Capital Investments

135 Investments

Wamda Capital has made 135 investments. Their latest investment was in BitOasis as part of their Series C on August 8, 2023.

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Wamda Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2023

Series C

BitOasis

No

3

4/1/2023

Seed VC

Konn

Yes

1

2/8/2023

Seed VC

palm.hr

$5M

Yes

5

1/25/2023

Seed VC

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$99M

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10

8/15/2022

Seed VC - II

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$99M

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10

Date

8/24/2023

4/1/2023

2/8/2023

1/25/2023

8/15/2022

Round

Series C

Seed VC

Seed VC

Seed VC

Seed VC - II

Company

BitOasis

Konn

palm.hr

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Amount

$5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

1

5

10

10

Wamda Capital Portfolio Exits

8 Portfolio Exits

Wamda Capital has 8 portfolio exits. Their latest portfolio exit was Marti on July 10, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/10/2023

Reverse Merger

$99M

4

5/10/2023

Acquired

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$99M

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10

6/24/2022

Acquired

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$99M

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10

4/25/2022

Acquired

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$99M

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10

6/28/2021

Corporate Majority

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$99M

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10

Date

7/10/2023

5/10/2023

6/24/2022

4/25/2022

6/28/2021

Exit

Reverse Merger

Acquired

Acquired

Acquired

Corporate Majority

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

10

10

10

10

Wamda Capital Fund History

3 Fund Histories

Wamda Capital has 3 funds, including Wamda Growth Stage Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/16/2015

Wamda Growth Stage Fund

$75M

1

1/8/2014

Wamda MENA Ventures I

$99M

10

Wamda Growth Stage Fund II

0

Closing Date

6/16/2015

1/8/2014

Fund

Wamda Growth Stage Fund

Wamda MENA Ventures I

Wamda Growth Stage Fund II

Fund Type

Status

Amount

$75M

$99M

Sources

1

10

0

Wamda Capital Partners & Customers

1 Partners and customers

Wamda Capital has 1 strategic partners and customers. Wamda Capital recently partnered with Etihad Airways - Aviation Support Businesses on February 2, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

2/8/2018

Partner

United Arab Emirates

Abu Dhabi Tourism, Etihad partner with Wamda to launch Fikra Labs acceleration programme

Abu Dhabi , Etihad partner with Wamda to launch Fikra Labs acceleration programme

1

Date

2/8/2018

Type

Partner

Business Partner

Country

United Arab Emirates

News Snippet

Abu Dhabi Tourism, Etihad partner with Wamda to launch Fikra Labs acceleration programme

Abu Dhabi , Etihad partner with Wamda to launch Fikra Labs acceleration programme

Sources

1

Wamda Capital Team

3 Team Members

Wamda Capital has 3 team members, including current Chief Financial Officer, Emad Elayan.

Name

Work History

Title

Status

Emad Elayan

Chief Financial Officer

Current

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Name

Emad Elayan

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Work History

Title

Chief Financial Officer

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Status

Current

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