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Tuesday, 16 May 2017

Fetchr closes region’s largest ever Series B funding | GulfNews.com

Fetchr closes region’s largest ever Series B funding | GulfNews.com:

"Fetchr, the Dubai-based technology start-up, has secured $41 million (Dh150.5 million) in what is the region’s largest ever Series B round, according to the company’s co-founder and chief executive. Speaking on the phone with Gulf News, Idriss Al Rifai confirmed that the company had closed the record amount from a group of well known investors, including Majid Al Futtaim and New Enterprise Associates (NEA). A funding round refers to the money a start-up raises from venture capitalists to finance its growth and the class of shares sold to investors. The progression of rounds is often viewed as an indication of a company’s progress."



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