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The Venture Codex

Wahed Ventures

28th October Street Building 47, Office 201, Nicosia, 20123, Cyprus

Overview

Wahed Ventures is the early stage investment arm of the family office Wahed Capital Ltd.

Total investments
3
Lead investments
1
Investments · 12mo
2
Active investors
0
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Investment portfolio

  • Takadao

    Led · Seed · Nov 2025

    Founded in 2022 by Sharene Lee and Morrad Irsane, Takadao operates a Web3 platform that delivers bankless, Shariah-compliant financial alternatives. Its flagship Takadao protocol powers The LifeDAO, giving members access to a DeFi wallet, a cooperative life protection fund, non-custodial investment pools, and a financial-education hub. The LifeDAO currently holds around US$1 million in total value locked, and all surpluses are redistributed to members. Takadao has also launched The LifeCard, a prepaid VISA card that lets users spend stablecoins like cash, provides profit sharing from fees, round-up micro-investing, and 0% interest micro-loans. All deposits remain user-owned, reinforcing the cooperative model. Fresh capital will support expansion in markets where the company already has traction, including Southeast Asia, France, the UK, and the US. To date, the company has raised a total of US$3.1 million.

  • BusCaro

    Participated · Equity · Sep 2025

    Buscaro partners with corporations, schools, and institutions to provide reliable daily transportation for their students and employees. Its four-part technology stack offers real-time passenger tracking, financial transparency, operational dashboards, and safety systems, giving stakeholders full visibility and control over each route. The service already supports more than 80 corporate partners across Karachi, Lahore, Islamabad, and Rawalpindi and facilitates over 900,000 bookings every month. Management projects the business will exit 2025 with $8.6 million in annualized revenue, underscoring rapid growth. With fresh capital in hand, Buscaro intends to extend its footprint into tier-2 Pakistani cities and work with government bodies to digitize public transit networks. Longer term, the company plans to leverage its scalable platform for international expansion.

Team

No current team members are available.