# Ureed DMCC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ureed-dmcc

- Industry: Internet
- Headquarters: Dubai, United Arab Emirates
- Website: www.ureed.com
- Latest round: Seed (Jun 30, 2020)
- Investors on record: 2

## About

Ureed DMCC operates as an innovative online marketplace that connects employers with a diverse range of vetted freelance professionals across multiple sectors, facilitating efficient hiring processes for both short-term and long-term projects.Founded in 2017 by Iyad Ahmad, Nour Al Hassan, and Rakan Al Hassan, Ureed DMCC is headquartered in Dubai, United Arab Emirates. The company has executed 2 significant deals, with the most recent deal occurring on June 30, 2020, showcasing its growth trajectory and operational focus on the freelance marketplace. Marwan Abdelaziz serves as the CEO, leading the company's strategic initiatives.Ureed.com operates as a comprehensive online marketplace that connects employers with a diverse pool of vetted and certified freelance talent across various professional fields. Its core product offerings include facilitating short-term and long-term freelance contracts, enabling companies to hire skilled professionals in fields such as translation, content creation, software engineering, and technical writing. The platform functions by allowing employers to post job opportunities and receive proposals from freelancers, thus streamlining the hiring process and significantly reducing the time to find suitable candidates. Ureed.com primarily serves clients based in the MENA region, extending its reach to employers in over 200 countries, thereby addressing the increasing demand for flexible and specialized workforce solutions globally. The end users of Ureed.com are both companies seeking talent to execute specific projects and freelancers looking for job opportunities, thereby creating a vibrant ecosystem for freelance work.Ureed.com's revenue model is predicated on transaction fees generated from the successful engagement between freelancers and employers. This typically involves a percentage-based fee deducted from the total contract value once a project is successfully completed. The platform supports various transaction structures, including B2B deals where businesses hire freelancers for specific projects and direct-to-consumer interactions for individual freelancers seeking clients. While specific pricing plans and revenue numbers are not publicly disclosed, it is understood that Ureed.com facilitates a range of services that cater to different user needs. The platform's emphasis on quality and reliability positions it as a key player in the freelance marketplace, driving consistent revenue through its flagship service of connecting reputable freelance talent with employers across multiple sectors.In June 2020, Ureed DMCC raised an undisclosed amount of seed funding from new investors ANOVA Information Technology and Wamda Capital, with participation from the company's management. The funding will support the development of new product offerings aimed at enhancing user experience on the platform and expanding into new markets, particularly targeting growth in Europe and Asia by 2023. Ureed DMCC is focused on leveraging its recent funding to solidify its position in the freelance marketplace while introducing innovative features to attract a larger user base.

## Funding rounds

- Seed, Jun 30, 2020 — Wamda Capital, ANOVA Information Technology

## Investors

- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Seed
- ANOVA Information Technology — Seed