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WakeCap

WakeCap

Active

Worker productivity and safety platform for construction

Dubai, UAEFounded 2017
PropTech

WakeCap is a construction technology platform using IoT-enabled smart helmets and AI analytics to monitor worker productivity and safety.

Founders

Dr. Hassan Albalawi

Founder & CEO

Funding Rounds

Series AMay 2025
$28M

Lead: UP Partners

UndisclosedApr 2022
$2M

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)).

SeedNov 2018
$1.6M

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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