Dubai-based freelance marketplace Ureed raises seven-figure seed, acquires Nabbesh

Dubai-based freelance marketplace Ureed raises seven-figure seed, acquires Nabbesh

Dubai-based freelance marketplace Ureed has raised seven-figure (USD) investment in a seed round from Wamda and Anova Investment, it announced today. The exact size of the deal was not announced.

Ureed that had started as part of Dubai-based translation services company Tarjama in 2017 has spun out as an independent startup led by its own executive team, with Marwan Abdelaziz as its CEO, Rakan Al Hassan, as COO, and Iyad Ahmad as CTO.

All three executives have been associated with Tarjama for years. Tarjama had raised $5 million Series A last year.

Ureed today has also announced the acquisition of Nabbesh's business operations. Founded in 2012, Nabbesh is one of the oldest freelance marketplaces of the region. All its assets including both freelancers and contracts will automatically be integrated into Ureed. Nabbesh's brand will also be absorbed by Ureed.

"Nabbesh acquisition will help accelerate Ureed.com expansion plans across new verticals and into new markets in the GCC and North Africa,“ said Ureed in a statement.

Ureed mainly connects employers with content creation and translation experts but with the expansion of Nabbesh, it would be safe to assume that the startup is now expanding into other categories too.

Nour Al Hasan, the founder and former CEO of Ureed