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Egyptian Startup Tagaddod Raised $26.3M in Series A Funding to Speed Up Regional Growth
Egyptian startup Tagaddod has raised $26.3 million in Series A funding to help the company grow faster across the region. This is a big step for Tagaddod as it works to make the use of renewable energy stronger and easier in many countries. The funding round was led by The Arab Energy Fund (TAEF), which is known for supporting sustainable energy projects and helping the region stay secure in energy supplies. Other investors like FMO, VKAV, and A15 also joined in to support Tagaddod.
Tagaddod raised $26.3M in Series A funding to speed up its plans for growth and reach more markets. The money will help Tagaddod improve its technology and build more infrastructure. The company uses a unique tech-powered platform that collects, organizes, and tracks renewable waste feedstocks from many suppliers. These suppliers include households, restaurants, food makers, and waste collectors from the areas Tagaddod works in. This platform makes sure the feedstocks are fully traceable and sustainable.
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The startup has regional hubs in Egypt, Jordan, and the Netherlands. It is also growing in Saudi Arabia and other important markets. With these hubs, Tagaddod plays a key role in creating sustainable supply chains. These supply chains help big companies and refineries use cleaner, renewable materials. Because of that, Tagaddod is now becoming a trusted partner for global businesses that want to switch to greener fuels.
Tagaddod raised $26.3M to speed up regional growth by entering new places and growing stronger in current markets. One big focus is to improve their technology. They plan to use AI tools to make their logistics smarter, predict supply needs better, and track materials automatically. This will help them manage renewable feedstocks faster and more accurately.
More funding also means Tagaddod can handle bigger operations. They plan to build more facilities and create partnerships so they can process larger amounts of certified, high-quality renewable feedstocks. These materials include Used Cooking Oil (UCO), Acid Oils, and Animal Fats, which are important ingredients for making biofuels and Sustainable Aviation Fuel (SAF).
Nour El Assal, the CEO and co-founder of Tagaddod, said this funding is more than just money. It is a partnership that will help them build the tools and systems needed for a cleaner energy future. She added that TAEF’s wide regional reach and focus on sustainable development make them an ideal partner as Tagaddod grows.
Tagaddod’s goal is to become a leader worldwide in delivering renewable and traceable feedstocks. By raising $26.3M in Series A funding, the startup can push harder to meet the growing demand for green energy sources in transportation and aviation. Their work supports efforts to reduce harmful carbon emissions and moves industries toward cleaner fuels.
This success is a proud moment not only for Tagaddod but for Egypt and the whole region. It shows that good ideas, combined with smart technology, can create solutions that help both the environment and the economy. Tagaddod raised $26.3M in Series A funding to speed up regional growth, and now it is ready to take big steps forward in making renewable energy easier to use and more trustworthy.
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With this new funding, Tagaddod will grow its presence in more countries and improve its technology platform. This platform is important because it helps manage a complicated supply chain made up of waste-based feedstocks. This will not only help local markets but also support big global companies that want cleaner fuel options.
To sum it up, Egyptian startup Tagaddod raised $26.3 million in Series A funding to speed up regional growth, develop better technology, and increase its ability to process renewable materials. Supported by strong partners like TAEF, Tagaddod is on its way to leading the future of renewable energy by building reliable, sustainable supply chains for biofuels and sustainable aviation fuel all over the world.
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