About Wamda Capital
Wamda Capital is a venture capital firm founded in 2010. It is primarily based out of Dubai, United Arab Emirates. As of Jan 2026, Wamda Capital is an active investor, having invested in 102 companies, with 6 new investments in the last 12 months. It primarily invests in Seed round in United Arab Emirates based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Seed round of BreezAI Overall, Wamda Capital portfolio has seen 4 unicorns, 1 IPO and 19 acquisitions including key companies like Tabby, Careem and Shippo. A lot of funds co-invest with Wamda Capital, with names like Raed Ventures sharing a substantial percentage of its portfolio. Wamda Capital has team of 7 people.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Soonicorns
Wamda Capital's List of Top Investments
Wamda Capital has a portfolio of 102 companies, including 4 unicorns. Their most notable investments are in Ureed.com and Mumzworld.Their portfolio spans across United Arab Emirates, United States, Jordan and 10 more locations. They have invested in Enterprise Applications, Consumer, Retail and 21 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Wamda Capital:1. Tabby
Provider of purchase financing solutions for businesses. The platform enables users to purchase from multiple online stores and allows to repay the amount in equal installments. It offers a credit card offering buy now pay later loans with installment-based repayment options. It allows users to split purchases into four interest-free payments, both online and in-store. The platform also offers shopping assistant that lets users discover and track products, brands and deals in the application.
Key facts about Tabby
- Founded Year: 2019
- Location: Dubai (United Arab Emirates)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $604M
- Employee Count: 4,241 as on Mar 31, 2026
- Investors: Wellington, Mubadala and 28 Others
- Latest Funding Round: Series E, Feb 12, 2025, $*****
- Highlight: Editors' Pick
2. Careem
App-based ride-hailing aggregator. Users can book rides by providing location, passenger details, payment details, and more. The platform also offers services like food delivery, recharge services, grocery delivery services, and more. Apps are available for Android and iOS users.
Key facts about Careem
- Founded Year: 2012
- Location: Dubai (United Arab Emirates)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $772M
- Employee Count: 6,457 as on Mar 31, 2026
- Investors: Kingdom Holding Company, Kuwait Investment Authority and 26 Others
- Latest Funding Round: Series F, Oct 18, 2018, $*****
- Highlight: Acquired
3. Shippo
Shippo is a provider of web-based shipping solutions for e-commerce businesses. It comes with an API that connects shipping labels with e-commerce portals. Its portal allows merchants to print shipping labels, get shipping rates in real-time, track packages, print customs forms, submit refunds, return management, and optimize package allocation across all available shipping providers. Direct shipping integration for shopping cart platforms like Bigcommerce, Shopify, Magento, and Etsy and carriers like DHL, FedEx, UPS, etc. The company offers solutions on the subscription-based policy.
Key facts about Shippo
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $154M
- Employee Count: 291 as on Mar 31, 2026
- Investors: equitywestsecurities.com, FCVC and 26 Others
- Latest Funding Round: Series E, Jun 27, 2022, $*****
- Highlight: Editors' Pick
4. Telly
Subscription-based VOD streaming platform. It allows users to stream and download the VOD content. Provides VOD content under various categories including musical, kids, Arabic, drama, shows, TV, comedy, and more. The mobile app is available for Android and iOS devices. Generates revenue through subscriptions, advertisements, and in-app purchases.
Key facts about Telly
- Founded Year: 2008
- Location: Los Angeles (United States)
- Stage: Series B
- Total Funding till date: $18.6M
- Employee Count: 161 as on Jan 31, 2026
- Investors: Felicis Ventures, MENA Venture Investments and 11 Others
- Latest Funding Round: Series B, May 18, 2015, $*****
- Highlight: Editors' Pick
5. WRITER
Developer of an enterprise AI platform for agentic work. The platform enables users to build, activate, and supervise AI agents. It offers tools for IT and business teams to create agents with shared resources. The platform provides features for governing and observing agents at scale, along with integrations and controls.
Key facts about WRITER
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $369M
- Employee Count: 2,419 as on Mar 31, 2026
- Investors: Rincon Venture Partners, MENA Venture Investments and 53 Others
- Latest Funding Round: Series C, Nov 06, 2024, $*****
- Highlight: Editors' Pick
Wamda Capital's Year-on-Year Investment Trends
Wamda Capital has invested in 102 companies over the last 14 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 6 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in BreezAI and most recent follow-on round was in Qeen.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 5 | 1 | 6 |
2024 | 2 | 1 | 3 |
2023 | 4 | 1 | 5 |
2022 | 2 | 3 | 5 |
2021 | 4 | 2 | 6 |
2020 | 5 | 3 | 8 |
2019 | 7 | 6 | 13 |
2018 | 5 | 4 | 9 |
2017 | 7 | 2 | 9 |
Wamda Capital's Investments by Stage
Wamda Capital has made 30 investments in Seed stage with an average round size of $2.3M, 21 investments in Series A stage with an average round size of $4.27M and 9 investments in Series B stage with an average round size of $51.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 30 |
Series A | 21 |
Series B | 9 |
Note: We have considered here, only first round of investments
Wamda Capital's Investments by Sector
Wamda Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, FinTech and Food and Agriculture Tech. Notably, it has invested in 90 Tech companies, 57 Consumer (B2C) companies, 52 Enterprise (B2B) companies and at least 46 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 22 |
Consumer | 20 |
Retail | 13 |
FinTech | 10 |
Food and Agriculture Tech | 5 |
Others | 50 |
Note: We have considered here, only first round of investments
Wamda Capital's Investments by Geography
Wamda Capital has made most investments in United Arab Emirates (27), followed by United States where it has made 8 investments.Country | No. of Investments |
|---|---|
United Arab Emirates | 27 |
United States | 8 |
Saudi Arabia | 7 |
Turkey | 6 |
Jordan | 4 |
Others | 10 |
Note: We have considered here, only first round of investments
Wamda Capital's recent investments
Wamda Capital has made 1 investments in 2026 so far - BreezAI.Here are the most recent investments by Wamda Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 26, 2026 | United States | Seed | 1341 | [+1] | |
Sep 15, 2025 | Saudi Arabia | Series B | 9678 | [+12] | |
Sep 15, 2025 | - | Series B | 7836 | [+7] | |
Sep 2025 | United States | Series B | 2378 | [+7] | |
May 20, 2025 | United Arab Emirates | Series A | 4129 | [+4] |
Unicorns in Wamda Capital's Portfolio
Wamda Capital has 4 unicorns in its portfolio - WRITER, Tabby, Insider One and others. The most recent unicorn in their portfolio is WRITER. It became a unicorn in 2024, 12 years after Wamda Capital first invested in it.Here is a list of unicorns in Wamda Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Developer of an enterprise AI platform for agentic work | 2012 | San Francisco | Series C | ahuvcwq | ||
83 | Provider of purchase financing solutions for businesses | 2019 | Dubai | Series E | kv{oxne | ||
47 | Provider of an AI-powered platform for customer engagement across multiple channels | 2012 | Istanbul | Series E | hwjnoxe | ||
73 | Provider of web-based shipping solution for e-commerce businesses | 2013 | San Francisco | Series E | zrhgksz |
IPOs and Publicly Listed companies in Wamda Capital's Portfolio
1 of Wamda Capital's portfolio company became public - tasmeemME.com.Here are Wamda Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 8210 |
Acquired companies in Wamda Capital's Portfolio
19 companies from Wamda Capital's portfolio have been acquired. The most recent acquisition was Clara in Feb 2026 by Ascentium for $*****.Here are Wamda Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 12, 2026 | Jul 10, 2019 | Seed | 9435 | |
Jul 03, 2024 | May 24, 2016 | Seed | 5868 | |
May 10, 2023 | 2021 | Seed | 5541 | |
Apr 10, 2023 | - | - | 4586 | |
Oct 12, 2022 | - | - | 6015 |
Team profile of Wamda Capital
Wamda Capital has a team of 7 members located in United Arab Emirates. Wamda Capital's team does not sit on the board of any company as of now.Co-investors of Wamda Capital
Over the past 14 years, 432 investors have co-invested in Wamda Capital's portfolio companies. This includes funds and angels.
- Invested before Wamda Capital: MENA Venture Investments, 500 Global and 95 others have invested in rounds before Wamda Capital. There are 5 companies where MENA Venture Investments has invested before Wamda Capital and 4 companies where 500 Global has invested before Wamda Capital.
- Top Co-investors of Wamda Capital: 151 investors entered a company along with Wamda Capital. These include investors like Raed Ventures (8 companies).
- Invested after Wamda Capital: A total of 184 investors have invested in Wamda Capital's portfolio after their investments. Top Investors include Wamda (8 companies), Endeavor (6 companies) and VentureSouq (4 companies).
Recent News related to Wamda Capital
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Quill Launches Sovereign AI Agent, Raises $6.5MAiThority•Feb 26, 2026•Quill Notes, Basis Set Ventures, 500 Global, Quill and 9 others
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Breez AI Raises $1.3 Million Pre-Seed to Scale Voice OrchestrationStartup Scene ME•Jan 26, 2026•DASH Ventures, Wamda Capital
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UAE Tech Funding Surges 133% in H1 2025, Driven by Late-Stage Deals
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UAE surpasses Japan, Sweden in tech funding as late-stage investments fuel surgeKhaleej Times•Jul 13, 2025•Vista Global, Tabby, 500 Global, Wamda Capital and 6 others
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Ukrainian VC Fund Invests $15M in Dubai-Based AI CompanyAIN.UA•May 23, 2025•TA Ventures, Tarjama, Wamda Capital, Phaze Ventures and 2 others
