Wadi Makkah Ventures
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Seed, Early Stage, Series A
Geographical Focus
United States, United Arab Emirates, Saudi Arabia
Industries Focus
- Energy
- HealthTech
- EdTech
- FinTech
- Blockchain
- Pharmaceuticals
- AgriTech
- Entertainment
- IoT
- Electronics
- AI
- Environment
- LegalTech
- Software Engineering
- Culture
- Media & Advertising
- Digital Markets
- Cultural Industry
Investment Size:
500,000 to 500,000 USD
Investor Details Founded: 2015
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.
Requirements
- 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
Contact
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Portfolio Companies
- Derq
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