# Watheeq Capital

> Watheeq Capital is a VC fund in Riyadh backing CRM, Rental and Big Data. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Riyadh, Saudi Arabia
- Total investments: 3
- Last investment: Feb 2026
- Lead investor: 100%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/watheeqfs/
- X (Twitter): https://twitter.com/WatheeqFS
- Website: https://watheeq.com/

Watheeq Capital is a VC fund in Riyadh focused on CRM and Rental. Watheeq Financial Services is a Saudi-based closed joint-stock company.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.2M–$2M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| CRM | 1 | 33% |
| Rental | 1 | 33% |
| Big Data | 1 | 33% |
| Delivery | 1 | 33% |
| Software | 1 | 33% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 67% |
| Pre-Seed | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Egypt | 1 | 33% |
| Jordan | 1 | 33% |
| Saudi Arabia | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Viero | CarGenie is an intelligent CRM software that leverages AI/ML to transform auto service businesses. Our platform focuses on building long-lasting customer relationships through intuitive subscription management and engaging loyalty programs. With CarGenie, businesses can make data-driven decisions to discover new growth opportunities based ontheir customers data. | $1.2M | Seed | Feb 02, 2026 |  |
| Spiders | Spiders is a Saudi Arabia-based micromobility rentals company. | $1.4M | Pre-Seed | Mar 28, 2022 |  |
| ILLA | ILLA is an asset-light FMCG-focused middle mile delivery logistics company.The company manages the delivery process from planning to execution by digitizing each step of the delivery process by monitoring our clients’ logistics activities to optimize it and converted to sales growth. It also provides a dynamic solution that helps its clientsovercome the daily market challenges of delivering products to different types of retail and non-retail outlets.ILLA connects FMCG companies with a large network of trucks with different types and capacities to act as an internal fleet to provide full control and visibility over the driver. | $2M | Seed | Oct 19, 2021 |  |

3 of 3 investments shown.

## Co-investors
- [AUC Angels](https://shizune.co/investors/profile/auc-angels) — VC Fund, 1 deal together
- [Black Iris Angel Network](https://shizune.co/investors/profile/black-iris-angel-network) — VC Fund, 1 deal together
- [Cubit Ventures](https://shizune.co/investors/profile/cubit-ventures) — VC Fund, 1 deal together
- [F6 Ventures](https://shizune.co/investors/profile/flat6labs-cairo) — VC Fund, 1 deal together
- [Golden Palm Investments](https://shizune.co/investors/profile/golden-palm-investments) — VC Fund, 1 deal together
- [Kepple Africa Ventures](https://shizune.co/investors/profile/kepple-africa-ventures) — VC Fund, 1 deal together

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## FAQ

### What does Watheeq Capital invest in?

Watheeq Capital invests primarily in CRM, Rental and Big Data startups, most often at Seed and Pre-Seed stage. Most of the 3 investments tracked by Shizune back companies in Egypt. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Watheeq Capital's check size?

Watheeq Capital typically joins rounds of $1.2M–$2M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Watheeq Capital participates in.

### When did Watheeq Capital last invest?

The most recent investment recorded for Watheeq Capital closed in Feb 2026. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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