Waad Investment

What Waad Investment does

Waad Investment is a Riyadh-based venture capital firm founded in 2024 that deploys growth capital into technology startups across the MENA region and broader GCC. Its stated investment mandate targets Pre-Series A through Series B rounds across four verticals — FinTech, AI, PropTech and Logistics — and is explicitly aligned with the objectives of Saudi Vision 2030, particularly the empowerment of the knowledge economy. According to firmographic data, the firm manages 40+ portfolio holdings spanning five countries and reports a 4.1x Multiple on Invested Capital across its book.

The firm operates a direct-investment model, leading and co-investing in funding rounds alongside institutional and strategic partners such as Founders Fund, COTU Ventures, OmanTel, 500 Sanabil Investment, Oqal, Seed Holding, Shorooq, anb Capital and Rua Growth Fund. Confirmed recent transactions include the lead of Nqoodlet's $3 million seed round in May 2025 (an SME financial operating system for Saudi and GCC markets) and participation in Mnzil's $11.7 million Series A in December 2025 (a Saudi Arabia-founded workforce housing provider expanding across the Gulf). The firm employs 11–50 staff and is led by founders described in source material as 'experienced investors and financial experts' with deep regional market expertise.

Revenue mechanics for a venture capital firm typically combine management fees on committed capital with carried interest on realized gains; no AUM, fund vintage, fee structure or realized return disclosures are present in source material. The firm's go-to-market is primarily a direct-investment outreach model complemented by a digital presence through waad.vc for investor relations and portfolio visibility.

Name

Waad Investment

Legal name

Waad Investment

Website

https://waad.vc

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Waad Investment is a Riyadh-based venture capital firm founded in 2024 that invests in MENA technology startups at Pre-Series A through Series B stages across FinTech, AI, PropTech and Logistics, with explicit alignment to Saudi Vision 2030 and a 40+ company portfolio across five countries.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Real Estate / PropTech Growth Equity (FSANACAH)

Keywords

• Venture capital
• Pre-series A investing
• Fintech investments
• MENA tech ventures
• Growth equity

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Distribution channels1 record

Marketing channels1 record

Core offering

Waad Investment is a venture capital firm that provides strategic equity investments to high-growth technology startups from Pre-Series A to Series B stages across the MENA region. The firm invests in FinTech, AI, PropTech, and Logistics sectors, offering capital combined with strategic guidance for sustainable growth, and is strategically aligned with Saudi Vision 2030.

Product overview

Waad Investment is a venture capital firm focused on strategic investments in high-growth tech startups across the MENA region, with alignment to Saudi Vision 2030. Founded in 2024, the firm targets companies at Pre-Series A to Series B stages. Their portfolio includes investments in FinTech, AI, PropTech, and Logistics sectors across GCC countries. The company manages a portfolio of 40+ startups across 5 countries with a 4.1x MOIC return metric. The portfolio companies include Awaed and Barq (both shown on the website). Based on news sources, Waad Investment has participated in funding rounds for Safqah Capital (fintech/proptech platform providing Shariah-compliant debt financing), Mnzil (workforce housing solutions), and Nqoodlet (SME financial operating system).

Differentiator

Problem solved

Functional benefit

Products and services

• Pre-Series A Venture Capital Investment Equity capital investments in tech startups at the Pre-Series A stage across FinTech, AI, PropTech, and Logistics sectors in the MENA region, combined with strategic guidance for sustainable growth.
• Series A/B Venture Capital Investment Equity capital investments in growth-stage tech startups at Series A and Series B stages across the MENA region, with strategic support for regional expansion across GCC countries.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Saudi Vision 2030coreOthersStrategic alignment with Saudi Vision 2030 goals for empowering the knowledge economy through investments in high-growth tech ventures across the MENA region.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Wamda Capital: Wamda Capital is a MENA-focused venture capital firm investing in early-stage technology-enabled companies. They share Waad's regional focus and sector diversification across FinTech, digital platforms, and B2B SaaS.
• Oqal: Oqal is one of Saudi Arabia's largest angel investment networks, focused on early-stage tech startups in the Kingdom. They co-invested with Waad in Nqoodlet's seed round, demonstrating direct overlap in Saudi FinTech deal flow.
• 500 Global: 500 Global (formerly 500 Startups) is a global VC with strong MENA presence, investing in early-stage tech startups from seed to Series A. They co-invested with Waad in Nqoodlet's $3M seed round, showing direct overlap in Saudi FinTech deal flow.
• Rua Growth Fund: Rua Growth Fund is a MENA-focused growth equity investor that participated in Safqah Capital's seed round. They focus on later-stage opportunities that complement Waad's earlier-stage positioning.
• MEVP (Middle East Venture Partners): MEVP is one of the longest-established MENA-focused VCs, investing in early-to-growth stage tech startups across the region. They share Waad's multi-sector, multi-stage approach and target similar founder profiles in MENA.
• COTU Ventures: COTU Ventures is a MENA-focused early-stage VC investing in tech startups across the region. They co-invested with Waad in Mnzil's $11.7M Series A, showing direct overlap in workforce housing and regional tech deals.
• Shorooq: Shorooq is a leading UAE-based early-stage VC investing in MENA tech startups, with overlapping sector focus in FinTech, AI, and digital platforms. They led Safqah Capital's $15.2M seed round, demonstrating comparable deal activity to Waad across the region.

Broad incumbents

• Sanabil Investments: Sanabil is a Saudi sovereign-backed investment vehicle with broad exposure to venture capital, growth equity, and alternatives globally. They co-invested with Waad in Nqoodlet's seed, reflecting overlap in Saudi-aligned FinTech investing.
• Founders Fund: Founders Fund is a leading US-based VC that invests across stages and sectors globally. They led Mnzil's $11.7M Series A with Waad as a co-investor, demonstrating cross-border deal collaboration in MENA tech.
• anb Capital: anb Capital is the investment arm of Arab National Bank in Saudi Arabia, with a Seed Fund that invests in early-stage Saudi startups. They co-invested in Safqah Capital's seed, demonstrating overlap in Saudi FinTech deal flow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments25 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Waad Investment