Wamda Capital

Wamda Capital is a venture capital firm based in Dubai, UAE, investing in seed- and early-stage companies across the Middle East and North Africa. Its chairman and managing partner, Fadi Ghandour, founded the logistics company Aramex, and the firm says this background shapes how it evaluates startups. Over more than a decade, Wamda Capital has invested in over 100 companies, including Maktoub, Souq, Yemeksepeti, Careem and Mumzworld. The firm operates as an evergreen fund through two entities, Wamda Capital Fund I and Wamda Capital Evergreen, and says it prioritises longer-term investment over short-term returns. Its portfolio includes Tamatem Games, a Jordan-based mobile games publisher, and Ziina, a peer-to-peer payments app operating in the UAE that lets users send money using only a phone number.