Fetchr confirms raising $15m in fresh capital

Fetchr CGIA Institute

Fetchr, a Dubai-based logistics startup has confirmed in a release to MENAbytes that it has raised US$15 million in a Series C round.

 

The round of funding came from Fetchr early investor Beco Capital, Saudi-based Tamer Group, and French shipping company CMA CGM and its logistics arm CEVA Logistics.

“This financing success with renewed investor confidence comes on the back of a significant technology, leadership and strategy overhaul that has seen operations streamlined and the adoption of a new direction that will culminate in a complete re-brand by the end of the year,” said Fetchr in the statement.

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