Algerian mobility startup, Yassir has secured $30 million in a recent A series fundraising round led by a vast network of essential strategic investors including WndrCo, DN Capital, Kismet Capital, Spike (Stanford Alumni) ventures, and Quiet Capital. Other investors include Endeavor Catalyst (Endeavor’s co-investment fund), FJ Labs, VentureSouq, Nellore Capital, Moving Capital (AKA the Uber Alumni Investment Club), and others.
The former Uber chief of operations in Europe and China, Cleo Sham, Among the famous Angel Investors are Thomas Layton, chairman of Upwork and founder of Opentable and Metaweb, Rohan Monga, previous COO of Gojek, and Hannes Graah, former VP of Spotify and Revolut. The vast majority of existing investors were also present.
Yassir is a transportation service that uses a smartphone app to allow consumers to schedule drivers and travel safely. It was founded in 2016 by Amel Delli, El Mahdi Yettou, Mustapha Baha, and Noureddine Tayebi.
The company’s app finds rural drivers that provide on-demand efficiency and food distribution, enabling Algerians to go wherever they want and have food delivered whenever they choose.
Over 40,000 partners, including drivers, delivery riders, merchants, FMCGs, and wholesalers, generate revenue for the firm, which has over 3 million customers and provides on-demand services such as ride-hailing and last-mile delivery.
It’s worth mentioning that Yassir previously received $13.25 million in an undisclosed seed round that included Y Combinator.
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