OneOrder closes USD 16 mn series A round as it lines up GCC expansion

Egypt-based tech supply chain solutions startup OneOrder closed a USD 16 mn Series A round with a mix of debt and equity last week, according to a press release (pdf). The Series A funding round was headed by Delivery Hero Ventures and saw participation from tech growth fund Norrsken22 and Egypt-based investors Nclude and A15.

The latest funding drive comes on the heels of a USD 3 mn seed round in December 2022, and a USD 1 mn pre-seed round in February 2022, the statement notes.

Where will the raised funds go?The raised amount will go towards powering OneOrder’s expansion into the GCC region, beginning with the UAE, in autumn of this year. In parallel with its expansion, the outfit will also look to improve its platform and to develop financing solutions including cards. OneOrder also looks to recruit from the AI sector to further develop its AI-based solutions for its app, the statement said.

About OneOrder: The web-based platform and mobile application OneOrder was launched in 2021 by co-founders CEO Tamer Amer (LinkedIn) and CTO Karim Maurice (LinkedIn). OneOrder works to streamline the order and delivery supply chain processes in Egypt’s hotel, restaurant, and catering sector – working with over 1.37k customers – by storing an array of products in strategically located warehouses. The startup offers personalized virtual warehouses on its platform, providing access to over 700 stock-keeping units. It also leverages comprehensive data and analytics to manage operations and embedded financing to boost customer growth.