News
  • Date: May 24, 2017
Comparison site compareit4me.com announced today securing $3.5 million from existing investors including Wamda Capital, STC Ventures, Dubai Silicon Oasis Authority and...
  • Date: May 03, 2017
There’s a huge appetite for luxury in the Middle East, even as economic growth falters. Every year, clothes and accessories from the runway make their way to designer stores...
  • Date: Apr 20, 2017
The fact that both transactions happened within a close space of time indicates that we’re at a transformational moment, and the time for this is now...
  • Date: Apr 18, 2017
Launched in Dubai in 2014, Bitoasis is now available across the MENA. “What you have with bitcoin is an open payment network that will enable a new generation of fintech...
  • Date: Apr 13, 2017
Creem, the region’s leading ride-hailing service, is integrating facial recognition into its application. It signed a contract with Digital Barriers, a security service provider...
  • Date: Mar 29, 2017
This is the final recognition that the technology and digital industry in the region is happening and Amazon is the big statement on this,” Ghandour told Arabian Business...
  • Date: Mar 23, 2017
The most active venture capital firm in the UAE investing in tech startups is Wamda Capital. Using CB Insights database we charted the rise of equity funding to tech startups in the UAE...
  • Date: Mar 23, 2017
Speaking at the Arabian Business Startup Academy yesterday, Talhouni said the region should aim to create a system that works for its circumstances, instead of mimic an existing one in the West...
  • Date: Mar 16, 2017
Jamalon.com, has signed a Print-On-Demand (POD) agreement with Lulu.com, the leading global self-publishing platform, to make their 2 million titles available to Arab customers...
  • Date: Mar 14, 2017
Jamalon’s state-of-art facilities aim to make all books in the world available for the Middle Eastern market, offering over 10 millions Arabic and English titles, with free worldwide delivery...
  • Date: Mar 06, 2017
Modanisa, the Turkey-based modest fashion site, has closed a fourth round of funding. Led by Dubai-based VC Wamda Capital for an undisclosed amount...
  • Date: Mar 01, 2017
Two McKinsey Consultants decided to start a corporate chauffeur service with a website for booking about four years ago. Little did they know, that along-with their third co-founder they were...
  • Date: Feb 16, 2017
Our Managing Partner Khaled Talhouni discussing the state of venture capital and technology startups in the region on Dubai Eye's The Business Breakfast...
  • Date: Feb 15, 2017
Fadi Ghandour discussing the state of the startup ecosystem in the region on Dubai Eye 103.8 The Morning Breakfast...
  • Date: Jan 23, 2017
Step Group has closed a Series A funding round with a $2 million investment from regional investors, including Wamda Capital, Equitrust, DSOA...
  • Date: Jan 22, 2017
...عندما تنظر إلى العالم العربيّ عن قرب، سترى منطقةً تقف على عتبة الابتكار والجرأة يقودها شبابها نحو ثورةٍ تكنولوجية
  • Date: Jan 09, 2017
The UAE is making headway as a significant incubator of technology companies. The country is now home to two unicorn companies that were each valued at $1 billion...
  • Date: Dec 19, 2016
Careem has become the Middle East’s second ‘unicorn’, after investment from Japan's Rakuten Inc and Saudi Telecom Company (STC)...
  • Date: Dec 18, 2016
The board of STC has agreed to buy a 10 percent stake in Middle Eastern ride-hailing app Careem for $100 million, the kingdom's biggest operator said on Sunday...
  • Date: Dec 09, 2016
Ghandour said regulators should strengthen foreign investment laws as well as track record profitability laws, among other regulations to encourage start-ups to get publicly listed...
  • Date: Dec 07, 2016
I knew from the early stage of my research and planning for The Luxury Closet that it had the potential to be a viable business, which could build up to become a multi-million dollar company...
  • Date: Dec 07, 2016
Experience no matter how painful comes with a blessing of some kind. That’s the first thing that comes to mind when one hears the story of Jordanian founder of Jamalon, Ala’ Alsallal...
  • Date: Nov 29, 2016
Aramex founder and Wamda Capital chairman Fadi Ghandour has called on investors in the region to invest in startups in their early stages...
  • Date: Nov 13, 2016
Look closely at the Arab world and you will see a region on the cusp of something bold and innovative, as the region’s youth drive a transformative era of technological disruption...
  • Date: Nov 03, 2016
Lunch:on has closed a seed round of $500,000 led by Wamda Capital, with Arzan VC, Dubai Angel Investors and other participating investors. This signals positive growth for the MENA food tech scene...
  • Date: Oct 04, 2016
All Dubai taxis will soon be available through the Careem app under a new agreement between the e-hail taxi provider and the Roads and Transport Authority (RTA)...
  • Date: Sep 26, 2016
According to a statement released by the company Sunday they will be using the money to grow the business across the UAE and aid its expansion plans across the MENA region...
  • Date: Sep 26, 2016
The Luxury Closet has closed a Series B round of $7.8 million. Led by Wamda Capital, the investment is one of the highest in MENA this year...
  • Date: Sep 21, 2016
Wamda Capital announced today a $2.2 million Series A investment in Insider, an Istanbul-based smart digital platform for marketers to personalize, segment and predict customer behaviors...
  • Date: Sep 01, 2016
la Doudin, the Jordanian founder of the Dubai-based start-up BitOasis, bought her first Bitcoin three years ago. She was living in Amman, having quit her job in London’s finance industry in the aftermath of the 2008 global financial crash...
  • Date: Aug 29, 2016
Jordan-based media platform Kharabeesh, which aims to redefine Arabic web content with its youth-targeted “edgy and innovative” video shows, has raised US$5 million in an investment round led by Wamda Capital, with participation from Dash Ventures and Endeavor Catalyst. With around 82 million monthly views in the region...
  • Date: Aug 11, 2016
Kharabeesh is a creative, multi-platform network that combines media and technology to produce original, high quality Arabic online videos and shows. Its content has 82 million monthly views from the top four countries in the region, and 12.5 million subscribers across the company’s seven different platforms...
  • Date: Aug 01, 2016
Fadi Ghandour, founder of Aramex, discusses why he sold his 9.9% stake in the company to a group of gulf investors. He speaks to Yousef Gamal El-Din and Rishaad Salamat on Bloomberg Markets Middle East...
  • Date: Jul 21, 2016
It's no secret that Uber and Careem are direct competitors. Both offering similar transport services to the people of Dubai and other cities. One difference we all know about is that Careem is born locally, where as Uber originated in Silicon Valley in the US...
  • Date: Jul 21, 2016
Users are able to order electronics, coffee, food, groceries, choosing from a menu of 30,000 products in more than 2,500 merchants from its iOS or Android apps. They can also put free-text custom orders or chat with an agent within the app for their orders...
  • Date: Jul 20, 2016
Under the new partnership, Next will bring battery-powered, self-driving electric pods to the region. The pods can drive individually or by attaching themselves to other pods to form a bus-like structure where travellers can move freely from one pod to another...
  • Date: Jul 19, 2016
While cleaning their flat, Premlal Pullisserry turned to his wife and jokingly said: “If only we can store some of these things at our neighbor’s house.” As it turns out, the problem Premlal identified wasn’t a joke, and he started Boxit, a smart solution for physical storage...
  • Date: Jul 17, 2016
Back in April, STEP2016 brought MENA investors and entrepreneurs on one stage to debate the fundraising process, discuss challenges they have faced while working on investments, and compile lessons learnt from their experiences to find room for improving the entrepreneur-VC relationship...
  • Date: Jul 12, 2016
According to a statement released today they plan, over the next five years, to invest $100 million into R&D. Part of this will be the growing of their team in the UAE and Pakistan, plus the opening of two R&D centers in Egypt and Germany...
  • Date: Jul 07, 2016
Growing up in Amman, Jordan, Mohammed Al-Shaker was so captivated by the weather, that he launched a website called JordanWeather at age 15, in 2005. Reliable or not, he posted his own forecasts drawn from meteorological models and algorithms he developed...
  • Date: Jun 27, 2016
As a teenager fascinated with computer programming, AlSallal volunteered for Ruwwad, an Amman-headquartered non-profit community development organisation, teaching other young people basic computer literacy...
  • Date: Jun 26, 2016
If you can handle sugar and salt together, then Kharabeesh is your destination of choice! Established in 2008, Kharabeesh is a media and entertainment network, which took an initiative to boost and expand youth-oriented Arabic e-content, by creating outstanding, funny, edgy and innovative video shows...
  • Date: Jun 21, 2016
Founded in 2012, the app has branched out into 27 different cities across the MENA (Middle East and North Africa) region and Pakistan. The business has already managed to secure over 2.5 million registered users, but is looking to open in even more markets...
  • Date: Jun 12, 2016
Back in April, MENA investment giants The Abraaj Group‘s Arif Naqvi and Wamda Capital‘s Fadi Ghandour took the main stage at STEP2016 to discuss entrepreneurship and digital disruption in MENA...
  • Date: Jun 09, 2016
The Saudi Arabia Public Investment Fund made headlines last week when it announced a $3.5 billion investment in U.S. ridesharing company Uber. The investment makes us particularly excited because it validates a belief we’ve had since our founding in 2012...
  • Date: Jun 02, 2016
ArabiaWeather Inc., the leading provider of weather products, services and solutions to consumers and businesses in the Middle East and North Africa, announced joining the Royal Meteorological Society in UK that promotes academic and public engagement in weather and climate science as Corporate Member...
  • Date: Jun 01, 2016
Geeks.ae, an on-demand tech services platform that helps connect consumers and business with Geeky resources to support their IT needs, raised a seed round of $600,000, led by Wamda Capital...
  • Date: Jun 01, 2016
Leading the region’s venture capital firms, Wamda Capital invests in propitious entrepreneurial ventures, from the taxi hailing service Careem to Jordan’s popular privately-owned weather website ArabiaWeather, and Souq.com, the region’s leading online retailer...
  • Date: May 31, 2016
Most entrepreneurs say they seek to change the world, by which they usually mean that they want to provide a good or a service that people need, making lives easier or better...
  • Date: May 25, 2016
Led by Dubai-based Wamda Capital, who put in $200,000, it also included Kuwait-based Arzan VC, Dubai-based investor Equitrust, Sheikh Hamad Jaber Al Ahamad Al Jaber Al Sabah and Saad Mouasher, vice chairman at Jordan Ahli Bank...
  • Date: May 24, 2016
Fintech startup BitOasis has announced its first round of funding, an undisclosed sum led by Wamda Capital. The round included Barry Silbert’s Digital Currency Group (DCG), Samih Toukan, the serial tech entrepreneur chairman of Jabbar Group, as well as Payfort and other tech angel investors based in New York and Dubai...
  • Date: May 05, 2016
Jamalon, the Middle East’s largest online bookstore, has announced its new Publish-on-Demand (POD) service at the Abu Dhabi International Book Fair 2016. Set to launch in Dubai on May 15, Jamalon’s POD will be a first for the Middle East and will serve as a hub for the region’s publishing industry...
  • Date: Apr 28, 2016
Online shopping platform Mumzworld has just secured a multi-million dollar investment in its series B funding round. The website, dedicated to giving mothers a wide choice of quality products for their children and themselves, saw investments from Wamda Capital, twofour54, and Endeavor Catalyst...
  • Date: Apr 03, 2016
Soon after becoming a mother, Mona Ataya realised the need for a one-stop shop in the UAE where mothers could compare and purchase products for their children.Mona, along with her co-founders, decided to fill the gap by launching Mumzworld.com...
  • Date: Mar 13, 2016
Not all entrepreneurs are ­blessed with early equity investment, and many find themselves plunging their own savings into launching their business. It is important to set strict limits on this, says the entrepreneur Kunal Kapoor, 34, founder of Dubai-based TheLuxuryCloset.com...
  • Date: Mar 02, 2016
The Dubai-based venture capital firm Wamda Capital is weighing launching a second and bigger fund with a wider geographic scope, depending on the deployment of its first US$75million fund, its managing director said...
  • Date: Mar 02, 2016
Fadi Ghandour, one of the Arab world’s most storied entrepreneurs and technology investors, says he is watching the Iran market closely following the lifting of economic sanctions against the former pariah state...
  • Date: Feb 29, 2016
Ecommerce platform for office supplies, OfficeRock.com announced today that it secured $800,000 in seed funding, from Jabbar Internet Group, Wamda Capital, and other regional and international investors...
  • Date: Feb 25, 2016
Mark your calendar and plan to join IE Business School (IE) for IE Venture Day in Dubai on Friday, March 4, 2016. At the IE Venture Day Dubai participating start-ups will present their business elevator pitch in front of a jury comprised of a unique mix of industry experts, venture capitalists, business angels and investors...
  • Date: Feb 24, 2016
It is becoming very clear that the quest for a better future with economic and social inclusion has become a priority for Arab citizens, and we can no longer ignore the fact that improving economic outcomes and increasing the levels of economic equality are key elements in promoting social justice in the Arab region...
  • Date: Feb 23, 2016
Members of the Young Presidents’ Organization (YPO), the world’s premier network of 23,000 chief executives and business leaders in more than 130 countries worldwide, are leveraging the rise of Dubai as a hub of innovation, while the UAE continues to outperform all other MENA countries...
  • Date: Feb 22, 2016
The brightly colored plastic blocks made by littleBits Electronics Inc. don’t fit neatly into conventional concepts about toys. The company encourages girls, boys and grown-ups to make anything at all from its snap-together electronic circuits, motors, lights and sensors...
  • Date: Feb 18, 2016
Dubai Museum of the Future Foundation has announced the establishment of the Global Blockchain Council to explore and discuss current and future applications and organise transactions through the Blockchain platform...
  • Date: Feb 15, 2016
Tech Growth Fund Wamda Capital has raised $60 million in the first round of funding of a $75 million Wamda MENA Ventures I fund, and invested 40 percent of that so far. The venture capital firm, which is based in Dubai, has made the investments in 11 companies, ahead of its schedule...
  • Date: Jan 12, 2016
In June 2015 Wamda Capital, a venture capital firm investing in high growth tech start-ups, launched what is believed to be the largest growth stage venture fund in the region...
  • Date: Jan 12, 2016
The Luxury Closet, the fast growing online marketplace that buys, sells, and consigns personal luxury goods, mostly pre-owned and at a discounted price, announced that it has secured $1 million funding from Wamda Capital...
  • Date: Jan 12, 2016
ArabiaWeather, Jordan’s popular privately-owned weather website, recently raised $5 million in funding that will be used to fund a major expansion drive.Mohammed al Shaker, ArabiaWeather’s founder and CEO, said the investment deal was led jointly by Silicon Badia and Wamda Capital...
  • Date: Jan 12, 2016
Compareit4me, the Dubai-based price comparison site for financial products has closed a Series A round of $3 million, lead by STC Ventures. Also participating in the round were Wamda Capital...
  • Date: Jan 12, 2016
littleBits emerged from the niche “maker” community. Its library of open-source electronic blocks that snap together like Lego bricks and allow people to put together an almost infinite number of creations...
  • Date: Jan 12, 2016
Wamda Capital, an investment vehicle initiated by Fadi Ghandour, has launched what is believed to be the largest growth stage venture fund in the region...
  • Date: Jan 12, 2016
Wamda Capital announced today the launch of its regional growth stage $75 million investment fund, Wamda MENA Ventures I. The Fund, the largest of its kind in the MENA region to date...
  • Date: Jan 12, 2016
IFC is ramping up support for tech startups in the Middle East and North Africa with a $10 million investment in a new venture capital fund. Managed by Dubai-based Wamda Capital, the vehicle will provide seed funding to up-and-coming IT firms in several countries, including Egypt, Lebanon, and Jordan...
  • Date: Jan 12, 2016
Zain Group, a leading innovator of mobile communications in eight markets across the Middle East and Africa, announces its second foray into venture capital investment through a strategic participation in Wamda Capital’s growth stage venture fund...