Ureed Preps for Post-Corona with All New Exec Team and 7-Figure Seed Fund

One of the GCC’s largest freelance marketplaces, Ureed, has just secured a seven-figure seed fund from Wamda and Anova Investments. At the same time, Ureed has also announced the appointment of a new executive team, appointing a new CEO, COO, and CTO, marking a turning point for the company.

The investment fund will be used towards fuelling the company’s expansion across several markets and accumulating talents in the fields of technology, growth, and business development. Ureed has also announced that they’re planning to acquire Nabbesh business operations, a freelance marketplace established in 2012, in an effort to help accelerate Ureed’s expansion into new markets in the GCC and North Africa.

Marwan Abdelaziz, Ureed’s new CEO, explains that “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.”

Abdelaziz takes the place of Ureed founder Nour Al Hassan, who has expressed that she’s been working to diversify Ureed away from her other business, Tarjama. She remains the Chair of the Board of Ureed, while Rakan Al Hassan has been appointed as Chief Operating Officer, and Iyad Ahmad as Chief Technology Officer. 

“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,” says Rakan Al Hassan.