Wadi Makkah Ventures

Venture Capital Makkah Province, Saudi Arabia ·Founded 2015

Overview

Wadi Makkah Ventures (WMV) is a venture capital firm based in Mecca, Saudi Arabia, specializing in early-stage investments within the Hajj and Umrah ecosystem. The firm focuses on sectors such as HealthTech, FinTech, EdTech, Media & Advertising, Entertainment, IoT, AI, Culture, LegalTech, AgriTech, Digital Markets, and Blockchain. WMV aims to enhance the pilgrimage experience by supporting innovative startups that contribute to the Hajj and Umrah services. Established in 2015, WMV operates its own incubators and accelerators, providing comprehensive support to startups. This includes financial backing, co-working spaces, an Innovation Lab (FabLab) for prototyping, legal and technical consultations, networking opportunities, and assistance with patent registration. The firm's strategic goal is to foster a knowledge-based economy by investing in joint projects that refine experiences and practical applications for university students and professors. WMV has a track record of investing in both local and international startups. Notably, in December 2020, the firm invested $500,000 in Derq, an MIT-spinoff specializing in AI technologies for road safety. This investment aligns with WMV's mission to improve the quality of services in the Hajj and Umrah sector by integrating advanced technologies. The firm's portfolio reflects its commitment to supporting innovative solutions that enhance the pilgrimage experience and contribute to the development of a smart city in Mecca.

Investment Focus

  • Startups operating within the Hajj and Umrah ecosystem
  • Early-stage companies in sectors such as HealthTech, FinTech, EdTech, Media & Advertising, Entertainment, IoT, AI, Culture, LegalTech, AgriTech, Digital Markets, and Blockchain

Portfolio Companies

Derq

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Frequently asked questions about Wadi Makkah Ventures

What sectors does Wadi Makkah Ventures invest in?

Wadi Makkah Ventures invests in Energy, HealthTech, EdTech, FinTech, Blockchain and Pharmaceuticals, and is based in Makkah Province, Saudi Arabia. Wadi Makkah Ventures is listed as a venture capital in the ConnectSafely investor database.

What stage does Wadi Makkah Ventures invest at?

Wadi Makkah Ventures backs companies at Seed, Early Stage and Series A, writing cheques of 500K - 500K.

Which regions does Wadi Makkah Ventures invest in?

Wadi Makkah Ventures invests across United States, United Arab Emirates and Saudi Arabia.

What companies has Wadi Makkah Ventures invested in?

Wadi Makkah Ventures's portfolio includes Derq.

Last updated · Source: ConnectSafely investor database