# Toterapp

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

- Industry: Software
- Headquarters: Washington, US
- Website: www.totersapp.com
- Total disclosed funding: $23M
- Latest round: Series B (Jun 7, 2022)
- Investors on record: 7

## About

Toterapp LLC is a delivery service that connects customers with local stores and restaurants through a user-friendly mobile app, meeting the demand for convenient and reliable delivery solutions.Founded in 2015 and headquartered in Washington, US, Toterapp LLC specializes in providing delivery services to urban consumers. The company has engaged in four deals since inception, with its latest funding round being a Series B in June 2022, where it raised USD 18.00 mn, led by International Finance Corporation with participation from B&Y Venture Partners and March Holding. Tamim Khalfa serves as both the founder and CEO of the company.Toters offers a streamlined delivery service that connects customers with a variety of local stores and restaurants, including groceries, coffee, Italian cuisine, and electronics. The service is centered around a mobile app that allows users to easily browse their favorite establishments, place orders, and select their preferred payment method, catering to busy professionals and families in urban areas.The revenue model for Toterapp LLC is based on transactional fees collected from customers and partner businesses. Customers incur delivery fees, while partner restaurants and retailers participate in revenue-sharing agreements based on sales generated through the platform. This structure supports the fulfillment process carried out by Toter's delivery personnel, who receive compensation linked to delivery volume and distance.In June 2022, Toterapp LLC raised USD 18.00 mn in Series B funding, which will be utilized to enhance its market presence and expand operations into Iraq. The company plans to introduce new products and features within its app, aiming for increased customer engagement and satisfaction as it develops its service offerings in targeted regions.

## Funding rounds

- Series B, Jun 7, 2022, $18M — International Finance Corporation, B&Y Venture Partners, March Holding
- Series A, May 1, 2019 — iSME Programme
- Series A, Dec 1, 2018, $4.5M — Middle East Venture Partners, Saned Equity Partners, B&Y Venture Partners, Phoenician Funds, iSME Programme

## Investors

- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Series A
- Saned Equity Partners (https://capitalatlas.ai/funds/saned-equity-partners) — Series A
- B&Y Venture Partners (https://capitalatlas.ai/funds/b-y-venture-partners) — Series A, Series B
- Phoenician Funds (https://capitalatlas.ai/funds/phoenician-funds) — Series A
- iSME Programme (https://capitalatlas.ai/funds/isme-programme) — Series A
- International Finance Corporation — Series B
- March Holding (https://capitalatlas.ai/funds/march-holding) — Series B