November 9

Yassir Raises $150 Million Series B to Ramp Up Africa and Global Expansion

Yassir, a San Francisco-based Algerian super-app offering on-demand services and financial services, has closed a $150 million Series B funding to power its expansion across Africa and the rest of the world.

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 prominent strategic global investors.

This investment, which is the biggest series B in North Africa so far, puts the company’s total funding to date at $193.25 million, after an early seed round of $13.25 million and a $30 million series A round a year ago. Upon closing its Series A, Yassir became one of the most valuable startups in North Africa. In a statement shared with TechCabal, the company confirmed that it is now the most valuable startup in the region, although it did not disclose its valuation. It also claims to be one of the highest valued companies in Africa and the Middle East. “It’s pretty high,” Noureddine Tayebi, founder and CEO of Yassir, told TechCabal via text.

Photo courtesy of Angelo Moleele.

Source: TechCabal (link opens in a new window)

Finance, Investing