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Announced

Completed

BOND led a $150m Series B funding round in Yassir.

Financials

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Transaction Value£131m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

food delivery platform

Algeria

Cross Border

ride hailing

Minority

Friendly

Acquisition

Completed

Private

Online and Social Platforms

Mobility

Venture Capital

Synopsis

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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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