PROJECT

Projects

Summary of Investment Information

Project Number

33806

Company Name

WAMDA MENA VENTURES I C.V.

Date SPI Disclosed

Apr 8, 2014

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

May 9, 2014

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Apr 2, 2024

Department

CDFVC - Disruptive Technologies and Funds/VC Funds and ISC Funds

Industry

Funds

Previous Events

Approved : May 9, 2014
Signed : May 21, 2014
Invested : Mar 2, 2015

Sector

Venture Capital Fund

Project Description

 Wamda Ventures I LP (the “Fund” or “WVLP”), is a venture capital fund dedicated to investing in early stage technology companies originating primarily in Jordan, Lebanon, Egypt and GCC Countries and opportunistically in the other countries in the Middle East Region. WVLP intends to invest in technology sub-sectors with asset light, high growth companies that are active in e-payments, e-commerce, premium content, and IT-enabled services. The Fund may also, on an opportunistic basis, consider investments in scalable technology based companies.                                                   

Associated Advisory Engagement

        n/a                                           

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation