Mobily Ventures, Etihad Etisalat’s (Mobily) venture capital arm, recently invested in Fetchr, a Dubai-based shipping and logistics startup that uses technology to overcome shipping challenges in the Middle East.
The startup’s smartphone app facilitates package delivery in a region where address systems is lacking by allowing the scheduling of package pick-up and delivery using GPS capabilities on smartphones.
“We look for strong teams innovating to solve important problems,” Karl-Michael Henneking, chairman of the board of Mobily Ventures, said. “Fetchr is one such company that we believe will vastly improve the shipping options businesses and consumers in the region have.”
Mobily Ventures is just one of many recent investors in Fetchr. In June, Silicon Valley-based New Enterprise Associates (NEA) led a series of investments in the company.
“We are delighted Mobily Ventures shares our vision for using disruptive technology to improve the shipping experience for consumers in the region,” Idriss Al Rifai, Fetchr’s co-founder, said.
