With Fetchr Closing A US$41 Million Series B Round, Co-Founder Joy Ajlouny Turns The Tide For Female 'Treps Globally With Fetchr closing US$41 million in its Series B round, co-founder Joy Ajlouny is turning the tide for female entrepreneurship.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Fetchr announced today that it has raised US$41 million in a Series B funding round led by US-based VC firm New Enterprise Associates (NEA), with other investors including Majid Al Futtaim Holding, Nokia Growth Partners, Raed Ventures, Iliad Partners, BECO Capital, YBA Kanoo, Venture Souq and Swicorp. This announcement comes two years after Fetchr's last funding round in 2015, which also had NEA lead a $11 million Series A investment in the tech startup.

While the funding by itself is something for the MENA entrepreneurial ecosystem to cheer about, Fetchr's achievement is particularly noteworthy when you consider that it's a company co-founded by a female entrepreneur, Joy Ajlouny. A report by PitchBook earlier this year had noted that in 2016, the percentage of global VC deals for companies with at least one female founder was just 16.8%- which makes Ajlouny a key figure in turning this tide around for women entrepreneurs around the globe, a cause that she is particularly passionate about.

Entrepreneur Middle East talked to Ajlouny about this topic a few weeks ago for #EntMETalks—check out excerpts from the conversation in the video above.

Related: Infographic: Female Entrepreneurship In The Middle East

Science & Technology

Google Hires Longtime Car Exec to Head Up Its Driverless Car Division

John Krafcik has previously worked at Ford, Hyundai and online car sales company TrueCar.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

Entrepreneurs

Neutral Fuels

Neutral Fuels specializes in locally produced ultra-low carbon biofuel made from local waste.

Marketing

Six Ways to Create a Memorable Customer Experience

The devil is in the details--are you paying attention to the 'little things?'

Technology

Dubai Announces Launch of World's First Ever Crypto Tower

New 17 storey project to be built in Jumeirah Lake Towers (JLT) in Dubai.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.