Majid Al Futtaim, Nokia, Almajdouie and Kanoo are among the investors in a series B round for Fetchr, which enables shipping to locations that do not have an address.
United Arab Emirates-based logistics technology provider Fetchr has raised $41m in a series B round backed by retail and leisure group Majid Al Futtaim as well as conglomerates Almajdouie and Kanoo.
Nokia Growth Partners, the corporate venturing subsidiary of communications technology producer Nokia, also participated in the round, which was led by New Enterprise Associates (NEA) and backed by financial services group Swicorp, Iliad Partners, Beco Capital and Venture Souq.
Almajdouie contributed to the round through its strategic investment unit,…
