[ Fetchr raises $41M in Series B ]

Fetchr has raised $41 million in Series B funding.

Founded in 2012, Fetchr  helps local merchants and global brands build, launch and grow profitable eCommerce businesses with an easy to use proprietary shipping and logistics solution. Fetchr is currently operational in UAE, Saudi Arabia, Egypt and Bahrain, with plans to expand its footprint in MENA and beyond. Fetchr is also partnering with governmental organizations like Oman Post, to deliver the technology-backed delivery solutions extending its technology through strategic partnerships.

The company will use the new financing to continue expanding globally and developing its proprietary technology.

Funding  Series B
Founded  2012
Country  United Arab Emirates
City  Dubai
Founder / CEO  Idriss Al Rifai
Deal Size  $41M
Investors  YBA Kanoo
 New Enterprise Associates
 Majid Al Futtaim Holdings LLC.
 Nokia Growth Partners (NGP)
 Raed VC
 Iliad Partners
 BECO Capital
 VentureSouq
 Swicorp
Previous Investors  New Enterprise Associates
 Mobily Ventures
 TriplePoint Capital
 Winklevoss Capital
 Delta Partners Capital Limited
 Endeavor Catalyst
 Saned Partners
 Ben Narasin
 Dhabi Holdings