erad (YC S22)

Growth funding for online businesses in the Middle East.

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General Information
Company Name
erad (YC S22)
Founded Year
2022
Location (Offices)
Saudi Arabia +1
Founders / Decision Makers
Salem Abu-Hammour - Co-Founder & CEO Faris Yaghmour - Co-Founder & CCO Youssef Said - Co-founder & CTO
Number of Employees
22
Industries
Fintech, Information Technology
Funding Stage
Pre Seed
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erad (YC S22) - Company Profile

erad (YC S22) is a Fintech and Information Technology startup based in Saudi Arabia that aims to fuel the growth of the Middle East’s digital economy. The company offers regional startups non-dilutive funding to scale their businesses, positioning itself as a valuable player in the Middle Eastern startup ecosystem. Through the erad platform, startups can obtain access to growth capital within 48 hours by connecting their sales, marketing, and accounting data. The last recorded investment for erad was a significant $2.40M Pre Seed Round from a group of prominent investors including Y Combinator, VentureSouq, Khawarizmi Ventures, Nuwa Capital, and Cur8 Capital, which took place on 19 September 2022. With its innovative approach and strategic positioning, erad is well-positioned to make a significant impact on the Middle Eastern startup landscape.

Taxonomy: Middle East, online businesses, digital economy, startups, non-dilutive funding, scaling, sales data, marketing data, accounting data, growth capital, expansion capital, business scaling, entrepreneurship

Funding Rounds & Investors of erad (YC S22) (2)

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Funding Stage Amount No. Investors Investors Date
Pre Seed Round $2.40M 5
Y Combinator, investor in erad (YC S22)'s Pre Seed Round round VentureSouq, investor in erad (YC S22)'s Pre Seed Round round Khwarizmi Ventures, investor in erad (YC S22)'s Pre Seed Round round Nuwa Capital, investor in erad (YC S22)'s Pre Seed Round round Cur8 Capital, investor in erad (YC S22)'s Pre Seed Round round
19 Sep 2022
Pre Seed Round Unknown 2
Select Venture Equity, investor in erad (YC S22)'s Pre Seed Round round Almoayed Ventures, investor in erad (YC S22)'s Pre Seed Round round
07 Apr 2022

Latest News of erad (YC S22)

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No recent news or press coverage available for erad (YC S22).

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