The founders of South African cryptocurrency investment platform Africrypt have disappeared along with $3.6 billion (R51.4 billion) worth of Bitcoin, according to a report….
Breadfast, a Cairo-based startup which delivers breakfast products to its users, is reported to have raised a “seven-figure” Series-A round led by 500 Startups and Egyptian business man Mohamed El Sewedy.
Breadfast was founded in 2017 by CXO Muhammad S. Habib (pictured above, far left), CEO Mostafa Amin (pictured above, second from right) and CTO Abdullah Nofal (pictured above, far right).
Middle East and North Africa (MENA) focused tech publication MenaBytes said in an report yesterday (25 June) that the Breadfast will use the investment to expand its coverage of Cairo, as well as finance expansion into another un-named city, as well as to grow its team.
Breadfast was founded in 2017 by Muhammad S. Habib, Mostafa Amin and Abdullah Nofal
The publication also said that Breadfast has been accepted into Y Combinator‘s Summer 2019 cohort. The US accelerator invests up to $150 000 in startups selected for its programme.
It is not clear when the Series-A round was held or how much Breadfast has raised since launch. Ventureburn sought comment from Amin, but had not received a response at the time of publication.
Breadfast delivers to New Cairo, Al Rehab City, Madinaty, El Shorouk City, Mokattam and Maadi. Last month the company announced in a post on Twitter that it now delivers to Sheikh Zayed and 6th of October City in the Giza Governorate.
Featured image: Breadfast via Facebook