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Stanford Alum Bags North Africa’s Biggest Tech Funding Round

An employee prepares groceries at the Algerian delivery company Yassir, in Algiers.
An employee prepares groceries at the Algerian delivery company Yassir, in Algiers.

Photographer: Ryad Kramdi/AFP/Getty Images

Startup Yassir secured $150 million from global investors in North Africa’s largest fundraising as the tech firm seeks to roll out its super app overseas.   

Yassir, which started in Algeria, offers on-demand services for ride hailing, banking, food and grocery delivery. It raised the money from backers led by San Francisco-based technology investment firm BOND, with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures and Y Combinator, according to a statement.