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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.

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