Tech Company Financing Transactions
Careem Funding Round
Careem, based in Riyadh, raised $200 million from Al Tayyar, Kingdom Holding and Rakuten.
Transaction Overview
Company Name
Announced On
10/19/2018
Transaction Type
Venture Equity
Amount
$200,000,000
Round
Undisclosed
Proceeds Purpose
Proceeds purposes will be used for the firm's expansion efforts.
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
Browse more venture capital transactions:
Prev: 10/19/2018: FundGuard venture capital transaction
Next: 10/19/2018: Future Family venture capital transaction
Share this article
About Database of VC Transactions
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.
Additional Resources for Entrepreneurs