Announced
Completed
Financials
Sources
Tags
Private Equity
food delivery platform
Algeria
Cross Border
ride hailing
Minority
Friendly
Acquisition
Completed
Private
Online and Social Platforms
Mobility
Venture Capital
Synopsis
BOND, a venture capital firm, led a $150m Series B funding round in Yassir, a developer of a ride-hailing and food delivery application, with participation from DN Capital, Dorsal Capital, Quiet Capital, Spike Ventures and Y Combinator. “We believe technology will foundationally rearchitect consumers’ relationship with daily needs – transportation, food, financial services – not just in developed countries, but in every corner of the world. This investment is an extension of that belief in an underserved but dynamic, rapidly growing region. Emerging out of North Africa, the app has already become indispensable to users for critical aspects of their lives," Daegwon Chae, BOND General Partner.
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