About Cedar Mundi Ventures
Cedar Mundi Ventures is a venture capital firm founded in 2016. It is primarily based out of Beirut, Lebanon. As of Sep 2024, Cedar Mundi Ventures has invested in 17 companies. It primarily invests in Seed round in Lebanon based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and High Tech. Most recently it participated in the $***** Series A round of Podeo Overall, Cedar Mundi Ventures portfolio has seen 1 unicorn, namely DailyPay. A lot of funds co-invest with Cedar Mundi Ventures, with names like B&Y Venture Partners sharing a substantial percentage of its portfolio. Cedar Mundi Ventures has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Unicorns
Cedar Mundi Ventures' List of Top Investments
Cedar Mundi Ventures has a portfolio of 17 companies, one of which is a Unicorn. Their most notable investments are in Roadie and Ecomz.Their portfolio spans across Lebanon, United States, United Arab Emirates and 4 more locations. They have invested in Enterprise Applications, HealthTech, High Tech and 10 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Cedar Mundi Ventures:
1. DailyPay
Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand. It integrates directly with employers’ existing payroll, HR, and workforce management systems, allowing workers to view and transfer portions of their accrued earnings in real time. It is positioned as a retention and engagement tool that helps attract and retain talent by offering greater financial flexibility without requiring major changes to payroll operations. It emphasizes seamless integration, enterprise-grade security, and minimal administrative overhead for businesses.
Key facts about DailyPay
- Founded Year: 2015
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $264M
- Employee Count: 998 as on Jul 31, 2026
- Investors: Section Partners, Access Industries and 47 Others
- Latest Funding Round: Conventional Debt, Feb 20, 2026, $*****
- Highlight: Editors' Pick
2. Washmen
Washmen is an app based platform for booking laundry and dry cleaning services. It partners with local dry cleaners and laundromats for the cleaning services. Customers can schedule pickup and dropoff within 30-minute timeslots. Washmen offers in-app credit car payment. The mobile app is available for download from the App Store and Play Store.
Key facts about Washmen
- Founded Year: 2015
- Location: Dubai (United Arab Emirates)
- Stage: Series B
- Total Funding till date: $6.6M
- Employee Count: 269 as on Jul 31, 2026
- Investors: AddVenture, Henkel Ventures and 5 Others
- Latest Funding Round: Series B, Jul 09, 2019, $*****
- Highlight: Editors' Pick
3. Taurus
Provider of institutional digital asset infrastructure offering custody, tokenization, and trading solutions. It enables secure custody of cryptocurrencies and tokenized assets, issuance and lifecycle management of tokenized securities, and regulated trading services. The platform supports multi-asset operations across public and permissioned blockchains, offering integrated solutions for custody, settlement, collateral management, and trading, with deployment options including cloud, on-premise, and hybrid environments, primarily serving banks, asset managers, and regulated financial entities.
Key facts about Taurus
- Founded Year: 2018
- Location: Geneva (Switzerland)
- Stage: Series B
- Total Funding till date: $65M
- Employee Count: 125 as on Jul 31, 2026
- Investors: Pictet Group, UBS and 8 Others
- Latest Funding Round: Series B, Feb 14, 2023, $*****
- Highlight: Editors' Pick
4. Basma
Provider of an online pharmacy to buy dental braces. The company offers dental braces for individuals
Key facts about Basma
- Founded Year: 2017
- Location: Lebanon
- Stage: Series A
- Total Funding till date: $4.2M
- Employee Count: 328 as on Jul 31, 2026
- Investors: B&Y Venture Partners, Middle East Venture Partners and 4 Others
- Latest Funding Round: Series A, Jun 16, 2021, $*****
5. Proximie
Developer of software and hardware for connected surgical operating rooms. This technology integrates surgical teams, medical devices, and data workflows into a centralized platform. The system utilizes computer vision and predictive analytics to monitor procedures and manage surgical logistics. Hardware components capture visual data to support remote collaboration, training, and quality assessment during medical operations. The platform facilitates real-time communication between clinical staff and provides tools for recording and analyzing surgical performance.
Key facts about Proximie
- Founded Year: 2016
- Location: London (United Kingdom)
- Stage: Series C
- Total Funding till date: $119M
- Employee Count: 123 as on Jun 30, 2026
- Investors: Advent Life Sciences, Maverick Ventures and 15 Others
- Latest Funding Round: Series C, Apr 25, 2022, $*****
- Highlight: Editors' Pick
Cedar Mundi Ventures' Year-on-Year Investment Trends
Cedar Mundi Ventures has invested in 17 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Podeo and most recent follow-on round was in Basma.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 0 | 2 | 2 |
2020 | 3 | 1 | 4 |
2019 | 4 | 0 | 4 |
2018 | 1 | 0 | 1 |
Cedar Mundi Ventures' Investments by Stage
Cedar Mundi Ventures has made 5 investments in Seed stage with an average round size of $1.41M, 4 investments in Series A stage with an average round size of $12.3M and 3 investments in Series B stage with an average round size of $25.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 4 |
Series B | 3 |
Note: We have considered here, only first round of investments
Cedar Mundi Ventures' Investments by Sector
Cedar Mundi Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, HealthTech, Retail and Vertical SaaS. Notably, it has invested in 16 Tech companies, 11 Consumer (B2C) companies, 8 Software companies and at least 6 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 7 |
Enterprise Applications | 3 |
HealthTech | 3 |
Retail | 3 |
Vertical SaaS | 3 |
Others | 11 |
Note: We have considered here, only first round of investments
Cedar Mundi Ventures' Investments by Geography
Cedar Mundi Ventures has made most investments in Lebanon (5), followed by United Arab Emirates where it has made 2 investments.Country | No. of Investments |
|---|---|
Lebanon | 5 |
United Arab Emirates | 2 |
United States | 2 |
Kuwait | 1 |
Pakistan | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Cedar Mundi Ventures' recent investments
Cedar Mundi Ventures has not made any investment in 2026 so far.Here are the most recent investments by Cedar Mundi Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 30, 2024 | Lebanon | Series A | 7390 | [+5] | |
Feb 14, 2023 | Switzerland | Series B | 2554 | [+4] | |
Jun 14, 2022 | Pakistan | Series A | 7594 | [+15] | |
Jun 16, 2021 | Lebanon | Series A | 4790 | ||
Apr 21, 2021 | United Kingdom | Series B | 4831 | [+6] |
Unicorns in Cedar Mundi Ventures' Portfolio
Cedar Mundi Ventures has 1 unicorn in its portfolio - DailyPay. The most recent unicorn in their portfolio is DailyPay which became a unicorn in 2021, 5 years before Cedar Mundi Ventures first invested in it.Here is a list of unicorns in Cedar Mundi Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand | 2015 | New York City | Series D | p{stkum |
Team profile of Cedar Mundi Ventures
Cedar Mundi Ventures has a team of 4 members including 2 Partners and 1 Venture Partner located in Kuwait and Lebanon. Cedar Mundi Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Cedar Mundi Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Lebanon | - | ||
Partner | Kuwait | - | ||
Venture Partner | Kuwait | - | - |
Co-investors of Cedar Mundi Ventures
Over the past 10 years, 84 investors have co-invested in Cedar Mundi Ventures's portfolio companies. This includes funds and angels.
- Invested before Cedar Mundi Ventures: Ali Dayekh, AddVenture and 22 others have invested in rounds before Cedar Mundi Ventures. There is 1 company where Ali Dayekh has invested before Cedar Mundi Ventures and 1 company where AddVenture has invested before Cedar Mundi Ventures.
- Top Co-investors of Cedar Mundi Ventures: 37 investors entered a company along with Cedar Mundi Ventures. These include investors like B&Y Venture Partners (4 companies).
- Invested after Cedar Mundi Ventures: A total of 23 investors have invested in Cedar Mundi Ventures's portfolio after their investments. Top Investors include Sheraa (1 company), Middle East Venture Partners (1 company) and IM Capital (1 company).
Recent News related to Cedar Mundi Ventures
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Basma Raises $1.2M Seed Funding Led by B&Y and Cedar MundiIncubees•Mar 11, 2026•ISME, Basma, Cedar Mundi Ventures, B&Y Venture Partners
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Podcast startup Podeo raises $5.4M in funding to empower 100,000+ creators and reach 50 million global listenersTechStartups.com•Sep 30, 2024•Podeo, Oraseya Capital, Ibtikar Fund, Cedar Mundi Ventures and 4 others
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Band Industries raises $2.8 million Series AWamda•Sep 07, 2023•Band Industries, Cedar Mundi Ventures, B&Y Venture Partners, Berytech and 2 others
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Digital Asset Infrastructure Provider Taurus Raises $65M From Credit Suisse, Deutsche BankCoinDesk•Feb 14, 2023•Taurus, UBS, Deutsche Bank, Pictet Group and 6 others
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Taurus raises USD 65 million from major financial institutionsStartupticker•Feb 14, 2023•Taurus, Arab Bank, CACEIS, UBS and 6 others
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Banks lead $65 million investment in crypto-infrastructure firm TaurusFinextra•Feb 14, 2023•Taurus, UBS, Deutsche Bank, Pictet Group and 2 others
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Taurus raises USD 65 million to further develop its digital asset platform and fuel international expansionPR Newswire•Feb 13, 2023•Taurus, UBS, Deutsche Bank, Pictet Group and 3 others
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Fintech Dastgyr raises $37m in Series A round for biggest investment yet at this stage in PakistanDawn•Jun 14, 2022•Dastgyr, Zinal Growth, GoingVC, Astir Ventures and 20 others
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New e-grocery startup Raha launches in KuwaitGulf Business•Apr 01, 2022•Raha, Cedar Mundi Ventures, AGH, Noxmanagement
