Lebanese delivery app Toters secures $15 million in Series B round

Lebanese delivery app Toters secures $15 million in Series B round
Photo by Sticker Mule / Unsplash

Toters, a Lebanon-based delivery app has raised $15 million in its Series B round led by the International Finance Corporation (IFC), a development subsidiary of the World Bank Group.

  • The funds will enable the startup to expand its services in Iraq and secure new partnerships with restaurants, retailers, and couriers.
  • Toters is a logistics firm that started off with food delivery and now offers a super app that enables multi-purpose services including grocery delivery, courier services, and financial and transaction services.
  • March Holding and BY Ventures, an existing investors participated in the funding round.