Back to the complete issue
Tuesday, 10 March 2020

Breadfast raises seven-figure investment in pre-series B round

STARTUP WATCH- Breadfast raises seven-figure investment in pre-series B round: Cairo-based bread delivery platform Breadfast has raised a seven-figure investment in a pre-series b round from a group of investors, Menabytes reports. The undisclosed investment was provided by Y Combinator’s Paul Graham, Gmail’s founder Paul Buchheit, Endure Capital, Shorooq Partners, NHN Ventures, Pioneer Fund and a group of Saudi, Emirati, UK, US and Tanzanian investors.

Breadfast is looking to use the new funds for expansion. Mostafa Amin co-founder of Breadfast said that the company is expected to launch its services across the country in the coming months, in Dubai by the end of this year and in the rest of the Middle East, Africa and Turkey within the next three. The company raised an undisclosed seven-figure investment during its series A funding round last year, and was selected to join the Y Combinator accelerator program last summer.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.