About Fly Akeed
Fly Akeed is a company based in Riyadh (Saudi Arabia) founded in 2014 by Bassam Almohammadi.. Fly Akeed has raised $15.2 million across 1 funding round from investors including Elm, Sanabil and Artal Capital. Fly Akeed operates in a competitive market with competitors including Quest2Travel, C Teleport, Tuvoli, Sparrow Flights and TempoTrip, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Bassam Almohammadi
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.2 M (USD)
in 1 rounds
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Latest Funding Round
$15.2 M (USD), Series A
Aug 22, 2023
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Investors
Elm
& 3 more
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Employee Count
Employee Count
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Funding Insights of Fly Akeed
Fly Akeed has successfully raised a total of $15.2M through 1 strategic funding round. The most recent funding activity was a Series A round of $15.2 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $15.2M
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First Round
First Round
(22 Aug 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series A - Fly Akeed | Valuation | Sanabil , Elm |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fly Akeed
Fly Akeed has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Elm, Sanabil and Artal Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and funds of funds focused on early to mature stage companies and multiple funds
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Founded Year | Domain | Location | |
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VC and PE investing in multiple sectors
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Founded Year | Domain | Location | |
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Digital products, business solutions, and consulting services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fly Akeed
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Fly Akeed
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fly Akeed Comparisons
Competitors of Fly Akeed
Fly Akeed operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quest2Travel, C Teleport, Tuvoli, Sparrow Flights and TempoTrip, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Corporate travel management solutions are delivered via a SaaS platform.
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| domain | founded_year | HQ Location |
SaaS & AI-driven corporate travel booking platform for maritime & off-shore companies
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| domain | founded_year | HQ Location |
Operates an online B2B platform for charter operators, brokers, and suppliers.
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| domain | founded_year | HQ Location |
Offers a mobile application for SMEs to book flight tickets efficiently.
|
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| domain | founded_year | HQ Location |
Offers a corporate travel management solution for efficient planning.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Fly Akeed
When was Fly Akeed founded?
Fly Akeed was founded in 2014 and raised its 1st funding round 9 years after it was founded.
Where is Fly Akeed located?
Fly Akeed is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Fly Akeed?
Bassam Almohammadi is the current CEO of Fly Akeed. They have also founded this company.
Is Fly Akeed a funded company?
Fly Akeed is a funded company, having raised a total of $15.2M across 1 funding round to date. The company's 1st funding round was a Series A of $15.2M, raised on Aug 22, 2023.
What does Fly Akeed do?
Fly Akeed was founded in 2014 in Riyadh, Saudi Arabia, as an app-based platform in the travel sector. Flight bookings are facilitated by users submitting travel requirements, passenger selections from registered lists, and scheduled flight options. Arrangements, preferences, and budget details can be provided, with alert notifications set for tickets. Operations focus on streamlining air travel reservations in the region.
Who are the top competitors of Fly Akeed?
Fly Akeed's top competitors include Quest2Travel, C Teleport and Tuvoli.
Who are Fly Akeed's investors?
Fly Akeed has 4 investors. Key investors include Elm, Sanabil, Artal Capital, and AlRajhi Partners.