Careem

company

About

Careem develops an app that helps commuters in Dubai find cars for hire.

Details

Last Funding Type
Series D
Last Funding Money Raised
$350M
Industries
Customer Service,Logistics,Public Transportation,Ride Sharing,Transportation
Founded date
Jun 15, 2012
Number Of Employee
1001 - 5000
Operating Status
Active
Legal Name
Careem Networks FZ LLC
Also Known As
Careem Networks

Careem designs an online booking platform that connects passengers with local drivers. Its platform offers a marketplace of community drivers where passengers can request a ride in minutes, see the cost, and have it charged to their selected credit card, which helps passengers have access to affordable and advantageous transportation.

Abdulla Elyas, Magnus Olsson, and Mudassir Sheika founded Careem on June 15, 2012, with its headquarters in Dubai in the United Arab Emirates.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
7
$771.70M
Careem has raised a total of $771.70M in funding over 2 rounds. Their latest funding was raised on Oct 18, 2018 from a Series F round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 18, 2018 Series F $200M 4 Kingdom Holding Company Detail
Aug 8, 2017 Corporate Round 1 Didi Detail
Jun 14, 2017 Series E $150M 7 Kingdom Holding Company Detail
Dec 19, 2016 Series D $350M 11 Rakuten
Saudi Telecom Company
Detail
Nov 10, 2015 Series C $60M 8 Abraaj Group Detail

Investments

Number of Investments
Number of Lead Investments
3
2
Careem has made 3 investments. Their most recent investment was on Apr 6, 2022, when Qureos raised $3M.
Date Company Name
Round Money Raised Industry Lead Investor
Apr 6, 2022 Qureos
Pre-seed $3M Communities
Feb 28, 2022 elmenus
Corporate Round Ediscovery Yes
Jul 17, 2017 Swvl
Seed $500K Internet Yes

Investors

Number of Lead Investors
Number of Investors
7
22
Careem is funded by 22 investors. Kingdom Holding Company and Didi are the most recent investors.
Investor Name Lead Investor Funding Round
Kingdom Holding Company Yes Series F
Didi Yes Corporate Round
Saudi Telecom Company Yes Series D
Rakuten Series F
Seera Series F
STV Series F
Coatue Series E
DCM Ventures Series E
Endure Capital Series E
Greyhound Capital Series E

Employee Profiles

Number of Employee Profiles
21
Careem has 21 current employee profiles, including Board member Angus Paterson
Board member
Employee
Executive
Advisor

Exits

Careem has had 1 exits. Careem most notable exits include Swvl

Date Company Name Exit Type Industry
Apr 1, 2022 Swvl IPO Internet Detail

Acquisition

Careem has acquired 7 organizations. Their most recent acquisition was enwani on Jan 6, 2015. They acquired enwani for 0.

Date Company Name
Industry Acquisition Type Price
Jan 6, 2015 enwani
Information Services acquisition Detail
Mar 30, 2016 Savaree
Apps acquisition Detail
Feb 18, 2018 RoundMenu
Hospitality acquisition Detail
Sep 24, 2018 Commut
Information Technology acquisition Detail
May 28, 2019 Cyacle
Transportation acquisition Detail