# Careem Networks FZ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/careem-networks-fz

- Industry: Transportation Services
- Headquarters: Dubai, United Arab Emirates
- Total disclosed funding: $768M
- Latest round: Series F (Oct 18, 2018)
- Investors on record: 17

## About

Founded in 2012 and based in Dubai, United Arab Emirates, Careem Networks FZ LLC, aka Careem operates as a provider of a car booking service mobile application that connects users with local drivers, and payment methods. Careem operates in over 100 cities across 14 countries. In 2020, Uber Technologies, Inc. fully acquired the company for USD 3.1 billion. The acquisition included Careem’s businesses across the greater Middle East region, ranging from Morocco to Pakistan, Egypt, Jordan, Pakistan, Saudi Arabia, and the United Arab Emirates.

The company's solutions include Careem Captain for taxi riding, Careem Pay which allows customers to pay for Careem ride bookings, food orders, send funds to family, purchase packages in the app, track expenses, and it also offers Careem rewards.

## Funding rounds

- Series F, Oct 18, 2018, $200M — Kingdom Holding Company, Rakuten Capital, Al Tayyar Travel Group, STV
- Series E, Jun 14, 2017, $150M — DCM, Kingdom Holding Company, Mercedes-Benz Group AG, Coatue Management, Lumia Capital
- Series D, Dec 18, 2016, $350M — Lumia Capital, SQM Frontier Management, The Abraaj Group, BECO Capital, STC Ventures, Alpha Partners, Wamda Capital, Rakuten Capital, Al Tayyar Travel Group, Endure Capital
- Series C, Nov 10, 2015, $60M — Lumia Capital, The Abraaj Group, BECO Capital, STC Ventures, Wamda Capital, Al Tayyar Travel Group, Arzan Venture Capital, Impulse
- Series B, Dec 3, 2014, $6M — BECO Capital, STC Ventures, Al Tayyar Travel Group
- Seed, Sep 9, 2013, $1.7M — STC Ventures

## Investors

- STC Ventures (https://capitalatlas.ai/funds/stc-ventures) — Seed, Series B, Series C, Series D
- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Series B, Series C, Series D
- Al Tayyar Travel Group — Series B, Series C, Series D, Series F
- Lumia Capital (https://capitalatlas.ai/funds/lumia-capital) — Series C, Series D, Series E
- The Abraaj Group — Series C, Series D
- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Series C, Series D
- Arzan Venture Capital (https://capitalatlas.ai/funds/arzan-venture-capital) — Series C
- Impulse (https://capitalatlas.ai/funds/impulse) — Series C
- SQM Frontier Management — Series D
- Alpha Partners (https://capitalatlas.ai/funds/alpha-partners) — Series D
- Rakuten Capital (https://capitalatlas.ai/funds/rakuten-capital) — Series D, Series F
- Endure Capital (https://capitalatlas.ai/funds/endure-capital) — Series D
- DCM (https://capitalatlas.ai/funds/dcm) — Series E
- Kingdom Holding Company (https://capitalatlas.ai/funds/kingdom-holding-company) — Series E, Series F
- Mercedes-Benz Group AG — Series E
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series E
- STV (https://capitalatlas.ai/funds/stv) — Series F