{"id":93172,"date":"2026-02-18T00:00:00","date_gmt":"2026-02-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2026\/02\/18\/egypts-breadfast-snaps-up-usd-50-mn-in-a-pre-series-c-funding-round-for-african-logistics-expansion\/"},"modified":"2026-02-18T00:00:00","modified_gmt":"2026-02-18T00:00:00","slug":"egypts-breadfast-snaps-up-usd-50-mn-in-a-pre-series-c-funding-round-for-african-logistics-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/02\/18\/egypts-breadfast-snaps-up-usd-50-mn-in-a-pre-series-c-funding-round-for-african-logistics-expansion\/","title":{"rendered":"Egypt\u2019s Breadfast snaps up USD 50 mn in a pre-Series C funding round for African logistics expansion"},"content":{"rendered":"

\n

Mubadala and SBI back Breadfast<\/strong> plan to explore African logistics expansion<\/p>\n

<\/strong>Breadfast<\/strong> raised USD 50 mn in a pre-Series C funding round <\/strong>supported by Emirati sovereign wealth fund Mubadala, Japan\u2019s SBI, and Saudi\u2019s Olayan Financing Company, alongside unspecified VC investors, institutional investors, and an unnamed Saudi family, according to a statement<\/a>. The online grocery company will use the funds to \u201cexpand infrastructure, strengthen logistics, and explore entry into new African markets.\u201d<\/p>\n

Why it matters: <\/strong>For most local startups, expansion ambitions seem to start and end in the Gulf. Yet Breadfast, along with a few notable exceptions, is also looking south and west into Africa. The company could be wagering that the full-stack approach it honed in Cairo may be a better fit for other markets on the continent than the already oversaturated Gulf market.<\/p>\n

What\u2019s next? <\/strong>The Cairo-born startup is looking to launch a larger Series C round in the first half of the year.<\/p>\n

\n

Emsteel secures five-year iron ore pellets freight contract with Oldendorff<\/p>\n

UAE<\/strong> steelmaker Emsteel just locked in five years of ocean freight with <\/strong>German shipping giant Oldendorff<\/strong> \u2014 signing a long-term AED 600 mn contract<\/a> to support the group\u2019s supply chain network. The agreement covers about 5.2 mn tons a year of iron ore pellets shipped from multiple sources.<\/p>\n

(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Emsteel locked in a five-year iron ore pellets freight contract with Oldendorff<\/p>\n","protected":false},"author":1,"featured_media":93173,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[63],"tags":[62,230,49,17,441,39,299,123,991,207,32,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-dhl","tag-egypt","tag-enterprise-logistics","tag-joramco","tag-jordan","tag-mro","tag-shipping-maritime","tag-start-up-watch-2","tag-storage-warehouses","tag-trade","tag-uae","wpautop","entry"],"acf":{"mongo_id":"4134715c-4a13-4ed2-a1a2-4bc7255811a3","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/1174.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Breadfast snaps up USD 50 mn in a pre-Series C funding round for African logistics expansion","related_issue":[93157],"teaser":"Emsteel locked in a five-year iron ore pellets freight contract with Oldendorff"},"yoast_head":"\nEgypt\u2019s Breadfast snaps up USD 50 mn in a pre-Series C funding round for African logistics expansion - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2026\/02\/18\/egypts-breadfast-snaps-up-usd-50-mn-in-a-pre-series-c-funding-round-for-african-logistics-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Breadfast snaps up USD 50 mn in a pre-Series C funding round for African logistics expansion\" \/>\n<meta property=\"og:description\" content=\"Emsteel locked in a five-year iron ore 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