Asset Manager

Updated:

Womena

Elissa Freiha's Womena combines an early-stage investment vehicle with a media platform, running the Womentum accelerator across Dubai and Berlin.

Womena logo

Womena

Womena is an angel group founded in 2013 in Dubai, United Arab Emirates. They have made 40 investments, including a Seed VC - II investment in Chefaa on June 14, 2020. Womena has 3 portfolio exits, with Melltoo exiting on August 15, 2022.

General information

Firm type

Generalist

Year founded

2014

AUM

Undisclosed

Location

Region

Middle East

Country

United Arab Emirates

City

Dubai

Corporate office

Dubai, United Arab Emirates

Additional offices

Berlin, Germany

Principals

Elissa Freiha

Founder and CEO

Chantalle Dumonceaux

Co-Founder

Sector focus

Enterprise SoftwareMedia & EntertainmentFinTechDigital HealthAI/ML

Frequently asked questions

Who runs investment decisions at Womena?

Founder and CEO Elissa Freiha leads investment decisions out of the Dubai headquarters. She is supported by a selection committee that draws on mentors from her professional networks, including the Young Presidents Organization Dubai chapter and the Dubai Chamber of Digital Economy board, where she serves as a founding member. Co-founder Chantalle Dumonceaux, who initially shaped the investment thesis, now operates as a venture partner at Accelerator Ventures while maintaining an affiliation with Womena.

How does Womena source proprietary deal flow?

Deal flow enters through a dual channel: a regionally televised pitch competition produced by the firm's media arm, Womedia, and the open-application process for the Womentum accelerator. The pitch series syndicates across Middle Eastern broadcast and digital platforms, generating roughly a thousand applications per cycle from which 8–12 startups are selected. Strategic partner Hub71 in Abu Dhabi refers additional startups from its own ecosystem for accelerator consideration, creating a recurring pipeline that combines public inbound with institutional referral.

Is Womena structured as a single family office or does it operate more like a venture firm?

Womena operates as an institutional asset manager with an accelerator and media subsidiary, not a family office. It is not a single-family or multi-family office structure — it deploys pooled institutional and corporate-partner capital rather than managing the wealth of one or several families. The legal entity is a holding company with two operating subsidiaries: the Womentum accelerator in Dubai and Berlin, and the Womedia content studio.

What investment stages does Womena typically target?

The firm writes initial checks at the pre-seed and seed stages, typically ranging from $50,000 to $150,000 per investment. Follow-on capital is reserved for top-performing accelerator graduates that secure lead investors from the firm's corporate partner network, though no dedicated follow-on vehicle has been publicly disclosed. Stage coverage does not extend to Series A or later, where Womena positions itself as a pipeline partner for larger regional funds.

Which sectors does Womena explicitly avoid?

Womena does not publicly maintain a sector-exclusion list, but its investment activity has concentrated on enterprise software, fintech, digital health, and AI-enabled platforms. The firm has not made notable investments in hard infrastructure, heavy industry, deep-tech hardware, or extractive industries — sectors requiring capital intensity well beyond its seed-check capacity and post-investment media model.

How is Womena related to Hub71 and the Dubai Chamber of Digital Economy?

Elissa Freiha holds a founding board seat at the Dubai Chamber of Digital Economy, placing her inside the emirate's policy-setting body for tech-sector regulation and government procurement. Hub71 functions as a strategic downstream partner: Womena accelerator graduates receive priority access to Hub71's subsidized office space, health insurance, and residence visa programs in Abu Dhabi. These relationships supply Womena's portfolio companies with a government-backed soft-landing in the UAE without diluting the firm's own equity position.

What is the Womentum accelerator program's structure?

Womentum operates as a sector-agnostic early-stage accelerator with cohorts in Dubai and Berlin, admitting 8–12 startups per cycle. Standard Chartered Bank UAE and TECOM Group are anchor partners, providing both program funding and corporate mentorship capacity. The program takes an equity stake — typically structured as a simple agreement for future equity or a convertible note — in each admitted startup, making it an investment-first rather than grant-based program.

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