# BasharSoft

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/basharsoft

- Industry: Internet
- Headquarters: Cairo, Egypt
- Website: www.wuzzuf.net
- Total disclosed funding: $7.7M
- Latest round: Series B (May 2, 2018)
- Investors on record: 6

## About

Based in Egypt, BasharSoft, LLC operates a job matching platform that connects job seekers with employers, streamlining the recruitment process across various sectors in Egypt and the broader Middle East.BasharSoft, LLC, founded in 2009 in Cairo, Egypt, functions as a job matching platform that facilitates connections between job seekers and employers. The company was established by Ameer Sherif, who serves as CEO and has a background in entrepreneurship. BasharSoft has successfully raised a total of USD 4.00 mn through 5 deals, with the most recent being a Series B funding round on May 2, 2020, led by the European Bank for Reconstruction and Development.Wuzzuf primarily operates as a job matching platform that connects job seekers with potential employers across various sectors in Egypt and the broader Middle East. The platform offers a comprehensive suite of services that include job listings, application tracking, and recruitment solutions tailored for both candidates and companies. Wuzzuf’s core offerings facilitate a seamless job search experience by allowing users to filter job opportunities based on their career interests, while employers can access a specialized recruitment service to find suitable candidates. The platform effectively addresses challenges in the job market by providing a centralized location for both job seekers and employers, enhancing the efficiency of the hiring process. Wuzzuf serves a diverse client base, including multinational corporations, local businesses, and government entities, and primarily operates within the Egyptian market as well as extending its services to regions such as Saudi Arabia and the UAE.Wuzzuf generates revenue through a structured transaction model that involves multiple streams, primarily aimed at businesses seeking recruitment solutions. Employers typically engage with the platform through subscription plans that grant access to job posting features, candidate databases, and tailored recruitment services. Each client can choose from various pricing tiers that align with their hiring needs, allowing for flexibility based on the volume of job postings and services utilized. These transactions often occur in a B2B context, where companies enlist Wuzzuf’s services to streamline their hiring processes. Additionally, Wuzzuf may collaborate with educational institutions and training centers, enabling them to connect their graduates with prospective employers. The platform’s flagship service focuses on enhancing the recruitment experience, thereby solidifying its position in the competitive job market landscape.In May 2020, BasharSoft, LLC raised USD 4.00 mn in Series B funding led by the European Bank for Reconstruction and Development. The company plans to leverage this funding to enhance its platform capabilities and develop new products geared towards improving user experience and engagement. BasharSoft aims to expand its operations into additional markets within the Middle East, specifically targeting Saudi Arabia and the UAE for growth by the end of 2022. This strategic expansion aims to capture a larger share of the regional job market and increase the number of users on the platform.

## Funding rounds

- Series B, May 2, 2018, $6M — European Bank for Reconstruction and Development, VNV Global, Sunwah Kingsway, Endure Capital
- Series A, Aug 26, 2015, $1.7M — VNV Global, Piton Capital
- Seed, Nov 13, 2013 — 500 Global, Endure Capital

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Endure Capital (https://capitalatlas.ai/funds/endure-capital) — Seed, Series B
- VNV Global (https://capitalatlas.ai/funds/vnv-global) — Series A, Series B
- Piton Capital (https://capitalatlas.ai/funds/piton-capital) — Series A
- European Bank for Reconstruction and Development — Series B
- Sunwah Kingsway (https://capitalatlas.ai/funds/sunwah-kingsway) — Series B