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Algeria’s Yassir has raised $150 million in series B funding


Yassir, an Algerian supper platform that offers ride-hailing, food and grocery delivery as well as financial services on a single app has raised $150 million, in a funding round for expansion across Africa.

The super app was founded in 2017 and has a focus on making life easier by integrating daily chores into a single app. It’s a multi-faceted marketplace that provides a single point of interaction for several activities.

“Yassir means ‘easy’ in Arabic, and our mission as a company is to make people’s lives easy,” says Tayebi in his statement. “In the markets where we operate, we are already having a considerable impact on how people manage their day-to-day lives. We look forward to expanding our presence into other geographies to become the first super app to achieve mass adoption.”

The new company has attracted the attention of investors since its launch, raising a total of  $193.25 million to date. It has previously raked in $13.25 million and a $30 million series A round a year ago. Yasir is now among the most valuable startups in North Africa.

The company is currently operational across  45 cities across six countries. Its most popular markets include Algeria, Morroco and Tunisia.

The funding round was led by BOND, with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (aka Spike Ventures) and Y Combinator, among other prominent strategic global investors.

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Simon W Nderitu

Simon is a tech enthusiast who keeps a close eye on emerging technologies, startups and the general business environment. You will often catch him totally immersed and drooling over Artificial Intelligence, Machine Learning, Virtual Reality, Augmented Reality, IoT and just about any other tech that promises to revolutionize the way we live. Send tips to snderitu@techtrendske.co.ke

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