About Wa'ed Ventures
Wa'ed Ventures is a venture capital firm founded in 2013. It is primarily based out of Dhahran, Saudi Arabia. As of Jul 2026, Wa'ed Ventures is an active investor, having invested in 95 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in Saudi Arabia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Think AI Overall, Wa'ed Ventures portfolio has seen 1 IPO and 4 acquisitions including key companies like Terra Drone Corp, Ori and Alteia. A lot of funds co-invest with Wa'ed Ventures, with names like RZM Investment sharing a substantial percentage of its portfolio. Wa'ed Ventures has team of 24 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
Wa'ed Ventures' List of Top Investments
Wa'ed Ventures has a portfolio of 95 companies. Their most notable investments are in TruBuild and Wahed.Their portfolio spans across Saudi Arabia, United Arab Emirates, United States and 8 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 31 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by Wa'ed Ventures:
1. Noon
App-based platform offering online tutoring solutions for students. The platform allows students to join live interactive classes with gamified peer learning features, practice questions, learn in groups, and more. Its app is available for Android and iOS devices.
Key facts about Noon
- Founded Year: 2013
- Location: Riyadh (Saudi Arabia)
- Stage: Series B
- Total Funding till date: $62.6M
- Employee Count: 495 as on Jun 30, 2026
- Investors: 500 Global, STV and 16 Others
- Latest Funding Round: Series B, Nov 02, 2023, $*****
- Highlight: Editors' Pick
2. Stake
Operator of a digital platform for fractional real estate investment. This service enables individuals to purchase shares in residential and commercial properties. The platform facilitates the acquisition of ownership interests in assets, allowing for the distribution of rental income and capital appreciation to participants. Users manage their holdings and liquidity through an online interface.
Key facts about Stake
- Founded Year: 2020
- Location: Dubai (United Arab Emirates)
- Stage: Series B
- Total Funding till date: $65M
- Employee Count: 149 as on Jun 30, 2026
- Investors: Mubadala, Verve Ventures and 22 Others
- Latest Funding Round: Conventional Debt, Mar 11, 2026, $*****
- Highlight: Editors' Pick
3. Wahed
Shariah-based investment and savings platform for individuals. It enables users to invest in multiple portfolios, save for home, pilgrimage, and wedding, achieve wealth goals, and more. Also offers an app-based platform that is available on iOS and Android devices.
Key facts about Wahed
- Founded Year: 2017
- Location: New York (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $95M
- Employee Count: 222 as on Jun 30, 2026
- Investors: VII Ventures, BECO Capital and 13 Others
- Latest Funding Round: Series B, Nov 24, 2024, $*****
- Highlight: Editors' Pick
Provider of services for aerial imaging survey. Its detailed product portfolio includes a software and hardware environment created using 4G LTE communication technology, an inertial measurement unit to calculate the orientation of the sensor, and photographic data processing software. It caters to need for thermal and visual inspection in multiple projects including offshore applications, FPSO applications, and thermal building inspections.
Key facts about Terra Drone Corp
- Founded Year: 2017
- Location: Shibuya (Japan)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2019
- Stage: Public
- Total Funding till date: $98.2M
- Employee Count: 40 as on Jun 30, 2026
- Investors: JOIN, Venture Laboratory Investment and 11 Others
- Latest Funding Round: Series B, Jan 25, 2023, $*****
- Highlight: Public
5. Bonat
Platform offering app based loyalty software. It lets users collect points, get rewarded, buy gift cards and gift their friends. It generates a personal QR code that can be used in partnered shops whenever they buy something they can scan then get rewarded. It provides a web interface to manage a loyalty program that includes data analytics, feedback, customer communication, and sends gifts.
Key facts about Bonat
- Founded Year: 2018
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $6M
- Employee Count: 53 as on Jun 30, 2026
- Investors: Impact46, RZM Investment and 5 Others
- Latest Funding Round: Series A, Nov 04, 2025, $*****
Wa'ed Ventures' Year-on-Year Investment Trends
Wa'ed Ventures has invested in 95 companies over the last 13 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 13 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in Think AI and most recent follow-on round was in Stake.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 11 | 2 | 13 |
2024 | 7 | 3 | 10 |
2023 | 12 | 1 | 13 |
2022 | 8 | 3 | 11 |
2021 | 15 | 4 | 19 |
2020 | 2 | 0 | 2 |
2019 | 5 | 1 | 6 |
2018 | 1 | 0 | 1 |
2017 | 4 | 0 | 4 |
Wa'ed Ventures' Investments by Stage
Wa'ed Ventures has made 34 investments in Seed stage with an average round size of $2.84M, 17 investments in Series A stage with an average round size of $11.7M and 11 investments in Series B stage with an average round size of $34.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 34 |
Series A | 17 |
Series B | 11 |
Venture Debt | 7 |
Grant (prize money) | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Wa'ed Ventures' Investments by Sector
Wa'ed Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Retail and Vertical SaaS. Notably, it has invested in 67 Tech companies, 59 Enterprise (B2B) companies, 40 Software companies and at least 24 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 32 |
High Tech | 18 |
Consumer | 15 |
Retail | 10 |
Vertical SaaS | 8 |
Others | 77 |
Note: We have considered here, only first round of investments
Wa'ed Ventures' Investments by Geography
Wa'ed Ventures has made most investments in Saudi Arabia (50), followed by United Arab Emirates where it has made 7 investments.Country | No. of Investments |
|---|---|
Saudi Arabia | 50 |
United Arab Emirates | 7 |
United States | 6 |
France | 2 |
Kuwait | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Wa'ed Ventures' recent investments
Wa'ed Ventures has made 3 investments in 2026 so far. Think AI and Resemble AI are the latest among them.Here are the most recent investments by Wa'ed Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 15, 2026 | Saudi Arabia | Seed | 8729 | ||
Mar 16, 2026 | United States | Series B | 4975 | - | |
Feb 17, 2026 | United Arab Emirates | Series B | 2321 | [+6] | |
Oct 27, 2025 | Saudi Arabia | Seed | 2214 | [+3] | |
Sep 02, 2025 | Saudi Arabia | Series A | 4183 | [+4] |
IPOs and Publicly Listed companies in Wa'ed Ventures' Portfolio
1 of Wa'ed Ventures' portfolio company became public - Terra Drone Corp. It got listed on the Tokyo Stock Exchange (TSE), in Nov 2024 at marketcap of $128MHere are Wa'ed Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 29, 2024 | Jan 25, 2023 | Series B | 1291 |
Acquired companies in Wa'ed Ventures' Portfolio
4 companies from Wa'ed Ventures' portfolio have been acquired. The most recent acquisition was Ori in Feb 2026 by Radiant for $*****.Here are Wa'ed Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 24, 2026 | Feb 16, 2025 | Series D | 6761 | |
Jul 22, 2025 | Sep 28, 2022 | Seed | 5796 | |
May 06, 2025 | Nov 01, 2023 | Series A | 2784 | |
Sep 11, 2024 | - | - | 7281 |
Team profile of Wa'ed Ventures
Wa'ed Ventures has a team of 24 members including 3 Partners and 6 Principals located in Saudi Arabia and United States. Wa'ed Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Wa'ed Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Dhahran | - | - | |
Partner | Riyadh | - | - | |
Partner | - | - | ||
Principal | Dhahran | - | - | |
Principal | Riyadh | - | - | |
Principal | Saudi Arabia | - | - | |
Principal | Dhahran | - | ||
Principal | New York City | - | - | |
Principal | Dhahran | - | - |
Co-investors of Wa'ed Ventures
Over the past 13 years, 300 investors have co-invested in Wa'ed Ventures's portfolio companies. This includes funds and angels.
- Invested before Wa'ed Ventures: SVC, 500 Global and 151 others have invested in rounds before Wa'ed Ventures. There are 4 companies where SVC has invested before Wa'ed Ventures and 3 companies where 500 Global has invested before Wa'ed Ventures.
- Top Co-investors of Wa'ed Ventures: 84 investors entered a company along with Wa'ed Ventures. These include investors like RZM Investment (4 companies).
- Invested after Wa'ed Ventures: A total of 63 investors have invested in Wa'ed Ventures's portfolio after their investments. Top Investors include Qatar Development Bank (2 companies), ANB Capital (2 companies) and Property Finder (1 company).
Recent News related to Wa'ed Ventures
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Think Closes MENA's Largest AI Infrastructure Pre-Seed Round at Over $8 MillionPR Newswire•Jul 15, 2026•Raed Ventures, Wa'ed Ventures
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Wa’ed Ventures Invests in US-Based Resemble AI After USD 13M RoundWAYA Media•Mar 16, 2026•Wa'ed Ventures, Resemble AI
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Intella Group Egypt Secures $12.5M to Advance Arabic AI and Expand Across MENAInnovation-village•Sep 02, 2025•Intella, Prosus, 500 Global, Intella and 6 others
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Saudi’s Salasa raises $30 million Series B to expand ecommerce fulfillment platform across GCCMENAbytes•Aug 04, 2025•Artal Capital, Salasa, Shamrao Vithal Co-operative Bank, Wa'ed Ventures and 5 others
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Lucidya Secures USD30M in Largest AI Funding Round in MENAMeatechwatch•Jul 15, 2025•Lucidya, Impact46, Rua Growth Fund, SparkLabs and 2 others
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Lucidya, Saudi CX platform, raises $30 million Series B to scale Arabic AI agents for customer-facing rolesMENAbytes•Jul 15, 2025•Lucidya, Impact46, Wa'ed Ventures, Takamol and 2 others
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Saudi tech startup SARsatX raises $2.6m to expand satellitesTech in Asia•May 21, 2025•SARsatX, Neom, Wa'ed Ventures, Access Bridge Ventures
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TruBuild Raises $1M in Seed FundingFinSMEs•May 09, 2025•TruBuild, Wa'ed Ventures, , Plug and Play Tech Center and 2 others
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