Algerian Transport Startup Yassir Raises USD 30 Mn Series A Funding

Yassir, an Algerian on-demand transport platform, has raised a USD 30 Mn Series A funding round to allow it to grow in existing markets and expand into new ones. The round was led by a large network of key strategic investors including, WndrCo, DN Capital, Kismet Capital, Spike Ventures, and Quiet Capital, and also includes Endeavor Catalyst, FJ Labs, VentureSouq, Nellore Capital, Moving Capital, and various notable angel investors.

Yassir is an on-demand ride-hailing platform and also offers last-mile delivery services and works with more than 40,000 partners across Algeria, Morocco, and Tunisia. The startup plans to use the funds to grow its engineering team, consolidate its growth in the existing markets via current and new products, and expand into new markets primarily in Sub-Saharan African countries.