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Since 2017, Wamda Capital has backed 2 African startups across 2 disclosed funding rounds totaling $3.5M, most heavily in Egypt and Real Estate & Property.
Wamda Capital is a leading venture capital firm based in Dubai, UAE. It operates as an evergreen fund alongside Wamda Capital Fund I, focusing on seed- and early-stage investments in high-growth technology and tech-enabled startups. Founded by Fadi Ghandour, the firm supports entrepreneurs primarily in the MENA region, with a track record of over 100 investments including Careem and Souq. In Africa, Wamda Capital has been active from January 2017 to April 2022, participating in three funding rounds totaling $3.5 million. It invested at Seed and Series A stages, targeting Egypt (two investments) and Kenya (one). Sectors included Fintech (AZA Finance, Series A, $2.5M, Jan 2017), Real Estate & Property (Aqarmap, Seed, $1.0M, Sep 2018), and Travel & Mobility (Shift-ev, Series A, Apr 2022). Co-investors featured Union Square Ventures, Algebra Ventures, and others. The firm maintains a sector-agnostic approach, emphasizing long-term partnerships and drawing from an extensive network to aid portfolio growth.
Data updated · Jul 29, 2026
Wamda Capital has backed 2 African startups across 2 disclosed funding rounds tracked on Liners, totaling $3.5M since 2017.
Mostly Seed: 1 of its 2 tracked rounds are at that stage, followed by Series A (1).
Its tracked rounds lean toward Real Estate & Property (1), Fintech (1).
Wamda Capital most often shares rounds with Raed Ventures (1 shared deal), KISP Ventures (1 shared deal), Blockchain Capital (1 shared deal).
Wamda Capital backed AZA Finance (Kenya, Fintech, Series A, Jan 2017), Aqarmap (Egypt, Real Estate, Seed, Sep 2018), and Shift-ev (Egypt, Travel & Mobility, Series A, Apr 2022).
Wamda Capital is based in Dubai, UAE. It focuses on the MENA region while also investing in areas like Sub-Saharan Africa.
