About FriendyM
FriendyM is a company based in Dubai (United Arab Emirates) founded in 2016 by Abdelrahman Elgamal.. FriendyM has raised $2 million across 1 funding round. FriendyM operates in a competitive market with competitors including Tessie, ProBikeGarage, AMI by Hunter, Otodiary and Gringo, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Abdelrahman Elgamal
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Sectors
Transportation, Automotive & Logistics
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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
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Jan 15, 2024
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Investors
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Employee Count
Employee Count
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Funding Insights of FriendyM
FriendyM has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in January 2024. 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 Seed — $2.0M
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First Round
First Round
(15 Jan 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Seed - FriendyM | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| 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 |
Investments & Acquisitions by FriendyM
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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.
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2016 |
Financial Statements - FriendyM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| 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 |
Friendym Comparisons
Competitors of FriendyM
FriendyM 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 Tessie, ProBikeGarage, AMI by Hunter, Otodiary and Gringo, 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 |
Provides apps, analytics, automations, and integrations for Tesla vehicle management.
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| domain | founded_year | HQ Location |
Serves as a bicycle maintenance tracking app for users.
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| domain | founded_year | HQ Location |
Mobile app for vehicle security, tracking, and real-time notifications on Android and iOS.
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| domain | founded_year | HQ Location |
App for recording vehicle service history, managing expenses, and sharing data.
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| domain | founded_year | HQ Location |
Vehicle management is provided via an app-based platform for drivers.
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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 FriendyM
When was FriendyM founded?
FriendyM was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Where is FriendyM located?
FriendyM is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of FriendyM?
Abdelrahman Elgamal is the current CEO of FriendyM. They have also founded this company.
Is FriendyM a funded company?
FriendyM is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Jan 15, 2024.
What does FriendyM do?
The company was founded in 2016 in Dubai, United Arab Emirates, within the automotive technology sector. An app-based platform is operated to support vehicle maintenance, mileage tracking, and financial management for car owners. Services are delivered through a mobile application compatible with Android and iOS devices, targeting drivers in the region.