WOMENA is an angel investment platform for female investors based in Dubai. WOMENA invests in startups at the seed stage across the Middle East and supports the growth of regional startup ecosystem through its corporate and government partners.
Women have been underrepresented in angel investing (and venture capital more generally) for many years around the world. WOMENA was launched in November 2014 by Chantalle Dumonceaux and Elissa Freiha, to build a platform to empower women in the Middle East, to invest and learn together. As of December 2015, WOMENA has grown with two investments and thirty members in the Middle East and the United States.
WOMENA’s investment focus is on early-stage Middle East-based startups with high growth potential. WOMENA is sector agnostic but tailors its deal flow to member interest. Companies should have a working product and significant traction, reflective of a demonstrated gap in the market. WOMENA co-invests with other angels and venture capital firms and looks at rounds totaling between $150,000 and $750,000. In exceptional circumstances, larger rounds of up to $1,500,000 will be considered.
WOMENA holds pitch meetings every other month where four startups pitch to the assembled members, partners, and selected guests. Startups are pre-screened by the WOMENA team, members, and partners prior to each meeting. If there is enough member interest in a company, the WOMENA team will then facilitate the due diligence process, drawing on collective knowledge of members and broader networks. Each member makes her own investment decision. In alternating months, WOMENA holds Series A(ngel) Workshops for individuals interested in becoming angel investors. Bringing together experts in the field, the half-day event immerses participants in angel investing with the goal to have them finish the day feeling comfortable to make their first angel investment.
If you are interested in becoming a member of WOMENA, please contact us at firstname.lastname@example.org or apply through our application form.
If you are an entrepreneur seeking investment from WOMENA, please visit the entrepreneurs page on our website to review our investment criteria and for instructions on how to apply.