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Monday, 27 January 2020

Has Halan raised USD 15 mn in its series B funding round?

STARTUP WATCH- Ride-hailing app Halan has raised USD 15 mn in its series B funding round, according to estimations made by Menabytes. The tech news site came to this conclusion after CEO Mounir Nakhla told Wired that the company has raised USD 20 mn to date. Given that we know that the ride-hailing app raised USD 4.3 mn in its series A round in December 2018 and USD 525k in a pre-series A round, that leaves around USD 15 mn of unannounced funding, which Menabytes reasons was raised in the company’s series B round. Sources told the site last year that Halan was aiming to raise USD 10-15 mn in its series B round. Halan would be the third best-funded Egyptian startup (behind Swvl and Vezeeta) if this information is correct.

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