Wamda Capital is the Dubai-based venture investment arm of Wamda, the MENA entrepreneurship platform founded by Aramex co-founder Fadi Ghandour; wamda.com describes Wamda Capital as Wamda's 'sector-agnostic investment vehicle'. It launched Wamda Capital Fund I in 2015, a US$70 million fund backed by the IFC, Zain and regional investors, and in 2019 moved to an evergreen structure funded by Fadi Ghandour's personal capital instead of closing the US$100 million Fund II it had announced. The firm is still actively investing at seed and Series A across MENA and Turkey, leading rounds as recently as January 2026, but it no longer raises third-party institutional funds. Its track record spans over 100 companies and includes Careem, Mumzworld, Tabby, Hala and BitOasis.
Not publicly disclosed (Fund I launched at US$70M according to wamdacapital.com; the Evergreen vehicle's size is not published) AUM64/100 Power Score™2015 FoundedDubai, United Arab Emirates
Wamda established by Fadi Ghandour to accelerate entrepreneurship ecosystems across MENA; MENAbytes reports the Wamda platform was launched by Abraaj Capital, which was later also an LP in Wamda Capital Fund I.
2011
Wamda.com launched as a bilingual Arabic and English independent technology news and knowledge platform.
2015
Wamda Capital Fund I launched as a US$70 million venture fund backed by the IFC, Zain and regional investors, targeting growth-stage MENA companies.
2019
After announcing a US$100 million Fund II targeting a Q2 2019 first close, the firm instead transitioned to an evergreen vehicle deploying Fadi Ghandour's personal capital into seed and Series A technology startups.
2026
Still actively deploying, leading the US$1.3 million pre-seed round for Jordan's Breez AI in January 2026.