New Enterprise Associates Leads an US$11 Million Series A Round for Fetchr (MENA)

Source: Fetchr, The Wall Street Journal  |  Author(s): Lora Kolodny

Global venture capital firm New Enterprise Associates has led an US$11 million Series A investment round in United Arab Emirates-based Fetchr, a mobile app that uses mobile phone location data to ship packages between locations without addresses. Investment firms Delta Partners and Dhabi Holdings, consultancy Roland Berger and venture capital firm 500 Startups also participated in the round. The investment will enable Fetchr to launch the mobile application on online app stores and support product development.