Careem is ‘the everything app’ for the region, making it easier than ever to move around, order food and groceries, manage payments, and more.
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2 sources
The source reports a US$200M first close of a US$500M Series F, with the listed existing investors as backers; no lead investor is named.
Published by hand (menabytes.com): "Dubai-based Careem, the region’s leading ride-hailing company has secured $200 million in the latest funding round, the company announced today.": brand backfill hand check: the page states the round (announced)
Valuation none read as over $2 billion (menabytes.com): "Reuters citing a source close to deal has reported that the latest investment gave company valuation of over $2 billion.": reported by the press
1 source
The $350 million was the first tranche of a larger $500 million round that was still being worked on; the source does not state a country for the Dubai headquarters.
Published by hand (techcrunch.com): "Careem, one of Uber’s lower profile rivals in emerging markets, has taken a step into the global limelight today after it announced that it has raised $350 million led by Japanese e-commerce firm Rakuten and Saudi Telecom Company (STC).": brand backfill hand check: the page states the round (announced)
2 sources
The article identifies The Abraaj Group as the new round's lead and describes the other listed investors as existing backers, not participants in this round. The source establishes only November 2015, so the date has month precision.; not on the page it cites, so not applied: date
Published by hand (zawya.com): "Dubai, UAE: Careem, the MENA region's locally founded app-based car service, today announced a Series C investment of US$ 60 million with The Abraaj Group (Abraaj) as lead investor.": brand backfill hand check: the page states the round (announced)
1 source
Published by hand (thenationalnews.com): "Careem, the taxi-booking mobile application launched in the UAE, has secured US$10 million investment in a second round of funding led by Al Tayyar Travel Group and existing investor STC Ventures.": brand backfill hand check: the page states the round (announced)
1 source
Saudi Telecom Company Group is identified as STC Ventures’ anchor investor, while STC Ventures is identified as the round lead; unnamed regional angel investors are not listed.
Published by hand (globalventuring.com): "Careem, a UAE-based chauffeur-driven car booking service in the Middle East, has received $1.7m financing led by STC Ventures, a venture capital fund independently managed by venture capital fund manager Iris Capital and whose anchor investor is the Saudi Telecom Company Group; the investment round included regional angel investors.": brand backfill hand check: the page states the round (announced)
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Series F [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $200M $500M to date at over $2 billion valuation | 2018-10-18 | not stated | No recent discussion |
2 sources [ VERIFIED · CORRECTED ] read against 1 of 2 sources
The source reports a US$200M first close of a US$500M Series F, with the listed existing investors as backers; no lead investor is named. Published by hand (menabytes.com): "Dubai-based Careem, the region’s leading ride-hailing company has secured $200 million in the latest funding round, the company announced today.": brand backfill hand check: the page states the round (announced) Valuation none read as over $2 billion (menabytes.com): "Reuters citing a source close to deal has reported that the latest investment gave company valuation of over $2 billion.": reported by the press | ||||
| Series D [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $350M $500M to date at $1 billion valuation | 2016-12-18 | Rakuten Capital, Saudi Telecom Company (STC) | No recent discussion |
1 source [ VERIFIED ] read against 1 source
The $350 million was the first tranche of a larger $500 million round that was still being worked on; the source does not state a country for the Dubai headquarters. Published by hand (techcrunch.com): "Careem, one of Uber’s lower profile rivals in emerging markets, has taken a step into the global limelight today after it announced that it has raised $350 million led by Japanese e-commerce firm Rakuten and Saudi Telecom Company (STC).": brand backfill hand check: the page states the round (announced) [ BUILT WITH ]·[ SEARCH ]found by Firecrawl search·[ SCRAPE ]1 page read: techcrunch.com·[ JSON ]round read into a schema, with the sentence that states it·[ VERIFY ]confirmedchecked against 1 source·[ BRANDING ]logo and colour from the homepage | ||||
| Series C [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $60M | 2015-11-10 | The Abraaj Group | No recent discussion |
2 sources [ VERIFIED · CORRECTED ] read against 1 of 2 sources
The article identifies The Abraaj Group as the new round's lead and describes the other listed investors as existing backers, not participants in this round. The source establishes only November 2015, so the date has month precision.; not on the page it cites, so not applied: date Published by hand (zawya.com): "Dubai, UAE: Careem, the MENA region's locally founded app-based car service, today announced a Series C investment of US$ 60 million with The Abraaj Group (Abraaj) as lead investor.": brand backfill hand check: the page states the round (announced) [ BUILT WITH ]·[ SEARCH ]found by Firecrawl search·[ SCRAPE ]2 pages read: zawya.com, wamda.com·[ JSON ]round read into a schema, with the sentence that states it·[ VERIFY ]correctedchecked against 1 of 2 sources·[ BRANDING ]logo and colour from the homepage | ||||
| Second round of funding second round of funding [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $10M | 2014-12-03 | Al Tayyar Travel Group, STC Ventures | No recent discussion |
1 source [ VERIFIED ] read against 1 source Published by hand (thenationalnews.com): "Careem, the taxi-booking mobile application launched in the UAE, has secured US$10 million investment in a second round of funding led by Al Tayyar Travel Group and existing investor STC Ventures.": brand backfill hand check: the page states the round (announced) [ BUILT WITH ]·[ SEARCH ]found by Firecrawl search·[ SCRAPE ]1 page read: thenationalnews.com·[ JSON ]round read into a schema, with the sentence that states it·[ VERIFY ]confirmedchecked against 1 source·[ BRANDING ]logo and colour from the homepage | ||||
| Funding round [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $1.7M | 2013-09-10 | STC Ventures | No recent discussion |
1 source [ VERIFIED ] read against 1 source Saudi Telecom Company Group is identified as STC Ventures’ anchor investor, while STC Ventures is identified as the round lead; unnamed regional angel investors are not listed. Published by hand (globalventuring.com): "Careem, a UAE-based chauffeur-driven car booking service in the Middle East, has received $1.7m financing led by STC Ventures, a venture capital fund independently managed by venture capital fund manager Iris Capital and whose anchor investor is the Saudi Telecom Company Group; the investment round included regional angel investors.": brand backfill hand check: the page states the round (announced) [ BUILT WITH ]·[ SEARCH ]found by Firecrawl search·[ SCRAPE ]1 page read: globalventuring.com·[ JSON ]round read into a schema, with the sentence that states it·[ VERIFY ]confirmedchecked against 1 source·[ BRANDING ]logo and colour from the homepage | ||||