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|| Dubai venture capital firm Wamda Capital invests $1 million in The Luxury Closet

wamda-lux.jpgWamda Capital, A Dubai based venture capital firm with Fadi Ghandour as its Chairman & CEO, has invested $1 million in The Luxury Closet, an online marketplace for pre-owned personal luxury goods.

The Luxury Closet has acquired over 150,000 members and has over half a million monthly visitors from some 50 countries. As DubaiBeat reported back in 2015 they had received $2.2 million financing from other Middle East investors, including Middle East Venture Partners (MEVP), Dubai Silicon Oasis Authority (DSOA), twofour54 and MENA Venture Investments (MVI).

(Wamda Capital is a venture capital firm investing in high growth technology businesses both at the growth and seed stages. Their investment team comprise of Khaled Talhouni, Lana Alamat, Walid Faza, Sarah Abu Risheh, Fares Ghandour and Faris Atiyeh.)

Mena Venture Investments is listed in the Middle East Investors Directory with the code SINX1.

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