Tech Company Financing Transactions

Cercli Funding Round

Afore Capital, COTU Ventures and private investors participated in a $4 million Seed capital raise for Cercli. This venture round was recorded on 9/9/2024.

Transaction Overview

Company Name
Announced On
9/9/2024
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Seed
Investors

Afore Capital (Lead Investor)

COTU Ventures

private investors (Allison Pickens)

private investors (Karim Atiyeh)

private investors (Sebastian Mejia)

private investors (Tony Dong)

private investors (Tony Jamous)

Rebel Fund

Y Combinator

Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
Unit GA-00-SZ-L1-RT-208, Level 1, Gate Avenue - South Zone,
Dubai, Undisclosed
United Arab Emirates
Phone
Undisclosed
Email Address
Overview
Cercli (YC S23) is the modern payroll and employee data platform for the Middle East and North Africa (MENA). Even today, companies across MENA manage payroll, employee information, documents, onboarding checklists, and a plethora of other tasks manually. They default to spreadsheets, legacy enterprise solutions, and dated basic HR solutions, causing an array of issues and challenges, including human error and fraud, weak compliance, poor transparency, and more.
Profile
Cercli LinkedIn Company Profile
Social Media
Cercli Company Twitter Account
Company News
Cercli News
Facebook
Cercli on Facebook
YouTube
Cercli on YouTube

Management Team

Title
Name
Email & Social
Founder
Akeed Azmi
  Akeed Azmi LinkedIn Profile  Akeed Azmi Twitter Account  Akeed Azmi News  Akeed Azmi on Facebook
Founder
David Reche
  David Reche LinkedIn Profile  David Reche Twitter Account  David Reche News  David Reche on Facebook


 

 

Browse more venture capital transactions:

Prev: 9/9/2024: MirrorWeb venture capital transaction
Next: 9/9/2024: Candid Therapeutics venture capital transaction

 

Share this article

 


About Our Venture Capital Transactions Database

We do our best to document every notable VC transaction. VC transactions on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary