Yassir, an on-demand mobility startup, has raised $30 million in its latest fundraising round. A vast network of essential strategic investors led the Series A investment, including WndrCo, DN Capital, Kismet Capital, Spike (Stanford Alumni) ventures, and Quiet Capital. Other investors included Endeavor Catalyst (Endeavor’s co-investment fund), FJ Labs, VentureSouq, Nellore Capital, Moving Capital (AKA the Uber Alumni Investment Club), and others.
Cleo Sham, former Uber head of operations in Europe and China, Thomas Layton, chairman of Upwork and founder of Opentable and Metaweb, Rohan Monga, former COO of Gojek, and Hannes Graah, former VP of Spotify and Revolut, are among the notable Angel Investors. The majority of existing investors took part as well.
It’s worth noting that Yassir previously raised $13.25 million in an unreported seed round in which Y Combinator participated.
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Yassir, which was founded in 2017, Yassir was Algeria’s first ride-hailing app. Since then, the company has expanded into new areas and services. It now provides ride-hailing services to people and businesses in Algeria, Morocco, and Tunisia, as well as food delivery in Algeria.
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The startup has over 3 million users, offers on-demand services like ride hailing and last mile delivery, and generates revenue for over 40,000 partners, including drivers, delivery riders, merchants, FMCGs, and wholesalers.
Yassir funding Yassir funding
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer