Tech Company Financing Transactions
Careem Funding Round
Rakuten, Abraaj Group and Lumia Capital participated in a $350 million funding round for Careem. The financing round was recorded on 12/20/2016.
Transaction Overview
Company Name
Announced On
12/20/2016
Transaction Type
Venture Equity
Amount
$350,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Transportation
Mailing Address
PO Box 87912
Riyadh, 11652
Saudi Arabia
Riyadh, 11652
Saudi Arabia
Phone
Website
Email Address
Overview
Careem is an app-based car service that connects people to rides in a matter of minutes, at the tap of a button. Founded in 2012 by Mudassir Sheikha and Magnus Olsson - Careem started in Dubai and has since grown to 22 cities across the Middle East, North Africa and Asia.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mudassir Sheikha
Chief Financial Officer
Ankur Shah
Co-Founder
Magnus Olsson
VP - Bus. Development
Johan Persson
VP - Engineering
Imran Sayed
VP - Human Resources
Abdullah Elyas
VP - Human Resources
Ruth Fletcher
VP - Product Management
Wael Nafee
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We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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