Algerian Startup Yassir Raises USD 150 Mn Series B Funding

Yassir, a multi-sided marketplace offering on-demand services such as ride-hailing, food and grocery delivery, banking, and more, announced today that it has raised USD 150 Mn in Series B funding from prominent global investors. The investment was led by BOND, with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (aka Spike Ventures), and Y Combinator, among other strategic investors. Yassir plans to expand its reach into the North African region.

Yassir is an on-demand ride-hailing platform that offers last-mile delivery services and works with more than 40,000 partners across Algeria, Morocco, and Tunisia. The super app provides three core services, ride-hailing, food and grocery delivery, and financial services. An all-in-one ecosystem, the app provides its customers with a single-point solution for managing all of their day-to-day activities, from traveling to work to ordering groceries and meals.