Dubai-based delivery business Fetchr announced raising USD 41 mn series B financing round led by New Enterprise Associates (NEA), according to CPI Financial. Other investors in the round include Nokia Growth Partners, Raed Ventures, Iliad Partners, BECO Capital, YBA Kanoo , Venture Souq, and Swicorp. The funding will be using to “continue expanding globally and developing its proprietary technology.” Fetchr, which currently operates in UAE, Saudi Arabia, Egypt, and Bahrain, “tackles the ‘no address problem’ in emerging markets, typically encountered by traditional companies delivering packages to customers” by “going directly to customers’ phone and capturing the geo-location for package deliveries.”