Freelance marketplace, Ureed closes 7-figure Seed funding round and appoints new executive team

Ureed, one of the GCC largest freelance marketplaces connecting expert freelance talents with employers recently closed a 7-figure seed fund from Wamda, and Anova Investments. The funds will be used to fuel the company’s expansion across multiple markets and to continue attracting top talent in technology, growth, and business development. 

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They have also announced the planned acquisition of Nabbesh business operations. Nabbesh, founded in 2012, is a freelance marketplace that provides tech solutions for freelancers to work remotely or on-site with employers. Nabbesh assets, including both freelancers and contracts, will be automatically integrated into the Ureed brand and will operate under the Ureed name. Nabbesh acquisition will help accelerate Ureed's expansion plans across new verticals and into new markets in the GCC and North Africa.

Effective June 1, 2020, Ureed announced the appointment of a new executive team with Marwan Abdelaziz as the new Chief Executive Officer, Rakan Al Hassan, as Chief Operating Officer, and Iyad Ahmad, as Chief Technology Officer. 

Ureed CEO, Marwan Abdelaziz is succeeding the founder, Nour Al Hassan. Al Hassan has been working to ensure Ureed full divestiture from Tarjama, aspiring to see Ureed grow and penetrate new markets while Tarjama remains focused on its core activities. Al Hassan will remain part of Ureed as board chair.

Marwan Abdelaziz initially started at the group level, heading Tarjama’s Marketing and Growth Department. Before then, Abdelaziz excelled as a marketing and digital transformation consultant for companies such as VMLY&R and iMENA. Abdelaziz will leverage his experience in growth marketing and design to shape product strategy and commercial offerings and equally target exponential growth outside the MENA region.

“I am excited to work with a great team and continue a path put forward by Nour Al Hassan as our founder” said Abdelaziz. “This is a very exciting time for Ureed as we’re dealing with COVID-19 and projecting the work environment post the crisis, we are learning so many lessons, notably that there’s no better time than now for freelance work to become easier, better and more accessible in the region and beyond”, he added.

Rakan Al Hassan, Ureed COO, has been successfully engaged in the fields of language services and operations management for over 5 years. He also worked for Tarjama as Head of Talent & Marketplace. Rakan will leverage his experience in operations and talent management to add value to realize the rapid scaling of Ureed freelance resources.

“In this time of exponential change, people of skills want a platform to enable them to utilize their talent and find avenues to become innovative and productive… and that’s where we see Ureed contributing to help them out” added Rakan Al Hassan.

Iyad Ahmed, CTO will lead Ureed technology platform after a successful tenure as Head of Products for the marketplace. Iyad amassed 10 years of solid experience building and managing technology teams. He will leverage his technology expertise to continue building robust technology and productivity tools for the Ureed platform.

The new executive team will ensure that Ureed upholds its strong market position and grow this position in existing and equally penetrate new markets. The team’s new vision is focused on connecting more companies with freelance experts and support them to work on diverse project types and scopes, both small and big.

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An encouraging 33 startup deals took place in May 2020, which was an increase of 93% compared to April. This was largely driven by the Misk500 MENA Accelerator, which graduated its third batch of startups. Discover more details in our May 2020 Dashboard Report.