WakeCap
ActiveWorker productivity and safety platform for construction
WakeCap is a construction technology platform using IoT-enabled smart helmets and AI analytics to monitor worker productivity and safety.
Founders
Funding Rounds
Lead: UP Partners
Lead: Wa'ed Ventures
Investors: Wa'ed Ventures
Investment agreement signed at the Global Entrepreneurship Congress, Riyadh, 2022-03-27; Wamda (2022-04-11) reports the amount as undisclosed, while the company's own press release on Zawya carries USD 2 million in its title (body not retrievable). Round label not given; Wa'ed is Saudi Aramco's venture arm. Also: https://www.wamda.com/2022/04/saudi-aramco-invests-wakecap https://graphenevc.com/saudi-aramcos-waed-invests-in-wakecap-68/ Confidence: confirmed (round 13, Zawya (company press release)).
Investors: Consolidated Contractors Company, Abunayyan Holding, SOSV, Graphene Ventures, Inspire Ventures, startAD Seed, SeeCo Capital
Closed in tranches: a first $300,000 tranche in May 2018 (Crunchbase seed dated 2018-05-24; MENAbytes) and the full $1.6M announced Nov 2018 — one round, not two. No lead named. Also: https://www.menabytes.com/wakecap-1-6-million/ https://www.zawya.com/en/business/uae-based-construction-tech-start-up-raises-one-point-six-million-dollars-in-funding-r4huconk https://www.crunchbase.com/funding_round/wakecap-technologies-seed--7729b74e Confidence: confirmed (round 13, HAX (SOSV)).
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