Amount Raised
$3 Million
Round Type
Seed
DubaiInformation TechnologySoftwareAccountingInvestors
Description
In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (U.A.E) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically.
Quick answer
Wafeq raised $3 Million in a Seed round, dated January 25, 2023. Investors: Wamda Capital, Raed Ventures, United Arabs Emirates and Gulf Cooperation Council. Wafeq is based in Dubai, Dubai, United Arab Emirates.
- How much did Wafeq raise?
- Wafeq raised $3 Million in a Seed round on January 25, 2023.
- Who invested in Wafeq?
- Wamda Capital, Raed Ventures, United Arabs Emirates and Gulf Cooperation Council are named as investors in this round.
- What does Wafeq do?
- Wafeq is a modern and easy-to-use software that powers every finance-related need of small to medium businesses in the Middle East, starting with accounting.
- Where is Wafeq based and how big is it?
- Wafeq is based in Dubai, Dubai, United Arab Emirates.
- Who are the decision-makers at Wafeq?
- Fundz holds 1 contact at Wafeq, including the CTO . Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Accounting and Software around the same time
Companies in the same sectors as Wafeq that raised within 45 days of this round, from Fundz verified event records.
- Volato Group raised $9M on March 10, 2023.
- Relay raised $13M on March 10, 2023.
- Miso Robotics raised $15M on March 10, 2023.
- Sanas raised $15M on March 10, 2023.
- Connors Group raised an undisclosed amount on March 9, 2023.
- LegalSifter raised an undisclosed amount (Funding Round) on March 9, 2023.
Who to call at Wafeq, and when
A new round usually means Wafeq is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Wafeq raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Wafeq, from your own LinkedIn network
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Fundz sees it the moment Wafeq raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Wafeq raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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