Fetchr, a Dubai-based provider of a package delivery app, closed $11m Series A funding.
The round was led by New Enterprise Associates (NEA).
The company intends to use the funds to launch the mobile application in the Appstore and Google Play, as well as accelerate product development.
Co-founded by CEO Idriss Alrifai and Joy Ajlouny, Fetchr provides an app that eliminates the hassle from sending and receiving packages by using phone as a physical address, thus solving the problem of no addresses in the Middle East, North Africa, Sub-Saharan Africa, Asia, India, Indonesia and other emerging markets. With a snap and a swipe, drivers arrive to a customer’s exact location via the phone, at a chosen time, to pick up a package and deliver it into the hands of their recipient.