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Careem
company
About
Careem develops an app that helps commuters in Dubai find cars for hire.
- Dubai,Dubai,United Arab Emirates
- 1001 - 5000
- http://careem.com
Details
- Last Funding Type
- Series D
- Last Funding Money Raised
- $350M
- Industries
- Customer Service,Logistics,Public Transportation,Ride Sharing,Transportation
- Founded date
- Jun 15, 2012
- Number Of Employee
- 1001 - 5000
- Operating Status
- Active
- Legal Name
- Careem Networks FZ LLC
- Also Known As
- Careem Networks
Careem designs an online booking platform that connects passengers with local drivers. Its platform offers a marketplace of community drivers where passengers can request a ride in minutes, see the cost, and have it charged to their selected credit card, which helps passengers have access to affordable and advantageous transportation. Abdulla Elyas, Magnus Olsson, and Mudassir Sheika founded Careem on June 15, 2012, with its headquarters in Dubai in the United Arab Emirates.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
7
$771.70M
Careem has raised a total of
$771.70M
in funding over 2 rounds. Their latest funding was raised on
Oct 18, 2018 from a Series F round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Oct 18, 2018 | Series F | $200M | 4 |
Kingdom Holding Company
|
— | Detail |
| Aug 8, 2017 | Corporate Round | — | 1 |
Didi
|
— | Detail |
| Jun 14, 2017 | Series E | $150M | 7 |
Kingdom Holding Company
|
— | Detail |
| Dec 19, 2016 | Series D | $350M | 11 |
Rakuten
|
— | Detail |
| Nov 10, 2015 | Series C | $60M | 8 |
Abraaj Group
|
— | Detail |
Investments
Number of Investments
Number of Lead Investments
3
2
Careem has made 3 investments. Their most recent investment was on
Apr 6, 2022, when Qureos raised $3M.
Investors
Number of Lead Investors
Number of Investors
7
22
Careem is funded by 22 investors.
Kingdom Holding Company
and Didi
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Kingdom Holding Company
|
Yes | Series F |
|
Didi
|
Yes | Corporate Round |
|
|
Yes | Series D |
|
Rakuten
|
— | Series F |
Seera
|
— | Series F |
STV
|
— | Series F |
Coatue
|
— | Series E |
DCM Ventures
|
— | Series E |
Endure Capital
|
— | Series E |
Greyhound Capital
|
— | Series E |
Employee Profiles
Number of Employee Profiles
21
Careem has 21 current employee profiles, including
Board member Angus Paterson
Board member
Employee
Executive
Advisor
Employee
Exits
Careem has had 1 exits. Careem most notable exits include Swvl
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| Apr 1, 2022 | Swvl | IPO | Internet | Detail |
Acquisition
Careem has acquired 7 organizations. Their most recent acquisition was enwani on Jan 6, 2015. They acquired enwani for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Jan 6, 2015
enwani
|
Information Services | acquisition | — | Detail |
|
Mar 30, 2016
Savaree
|
Apps | acquisition | — | Detail |
|
Feb 18, 2018
RoundMenu
|
Hospitality | acquisition | — | Detail |
|
Sep 24, 2018
Commut
|
Information Technology | acquisition | — | Detail |
|
May 28, 2019
Cyacle
|
Transportation | acquisition | — | Detail |
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