When was Erad founded?

Erad was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Erad located?

Erad is headquartered in Riyadh, Saudi Arabia.

Who is the current CEO of Erad?

Salem Abu Hammour of Erad. They have also founded 1 company.

How many employees does Erad have?

As of Jun 30, 2026, the latest employee count at Erad is 55.

Is Erad a funded company?

Erad is a funded company, having raised a total of $19M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2022.

When was the latest funding round of Erad?

Erad's latest funding was a $***** Conventional Debt round on Nov 27, 2025, with participation from 2 investors.

Where does Erad rank among its competitors?

Erad ranks 5th amongst 358 active competitors, of which 64 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was GrowthPal, which secured $2.6M in Jan, 2026.

Who are the top competitors of Erad?

Erad's top competitors include Teamshares, Dealpath and GrowthPal. Among them, GrowthPal secured the most recent funding round in January, 2026.

Erad - 2026 Company Profile, Team, Funding & Competitors

Erad is a seed company based in Riyadh (Saudi Arabia), founded in 2022 by Salem Abu Hammour. It operates as a Provider of working capital to online businesses across various industries. Erad has raised $19M in funding from investors like Y Combinator, Jefferies and VentureSouq. The company has 358 active competitors, including 64 funded and 21 that have exited. Its top competitors include companies like Teamshares, Dealpath and GrowthPal.

Company Details

Provider of working capital to online businesses across various industries. It offers funding solutions for restaurants, retail, clinics, and beauty salons. The company facilitates access to financing through data integration with business platforms. It provides insights to assist businesses with growth strategies.

Website: www.erad.co/
Social

Key Metrics

Founded Year

2022

Location

Riyadh, Saudi Arabia

Stage

Seed

Total Funding

$19M in 5 rounds

Latest Funding Round

Conventional Debt, Nov 27, 2025, $*****

Investors

Y Combinator & 16 more

Ranked

5^th among 358 active competitors

Employee Count

55 as on Jun 30, 2026

Similar Companies

Teamshares & 220 more

View Erad's full profile

Erad has raised a total funding of $19M over 5 rounds. Its first funding round was on 2022. Its latest funding round was a Conventional Debt round on Nov 27, 2025 for $*****. 2 investors participated in its latest round. Erad has 17 institutional investors.

Here is the list of recent funding rounds of Erad:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 27, 2025	7328277	Conventional Debt	1154390	3057020	4798307	8493643
Sep 25, 2025	7775908	Venture Debt	9065495	2137325	8478147	Stride Ventures
Apr 30, 2025	1341915	Seed	4932044	6512422	Y Combinator	Nuwa Capital & 5 more

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View details of Erad's funding rounds and investors

The founders of Erad is Salem Abu Hammour. Salem Abu Hammour is the CEO of Erad.

Here are the details of Erad's key team members:

Salem Abu Hammour: Co-Founder & CEO of Erad.
Contact Info: 1 email address

View details of Erad's Founder profiles and Board Members

Erad's employee count trend

Erad has 55 employees as of Jun 26. Here is Erad's employee count trend over the years:

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Top competitors of Erad include Teamshares, Dealpath and GrowthPal. Here is the list of Top 10 competitors of Erad, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Teamshares 2018, Brooklyn (United States), Public	Solutions to sell small businesses	$245M	MUFG, Spark Capital & 16 others	70/100
2nd	Dealpath 2014, San Francisco (United States), Series C	Cloud-based deal management platform for real estate	$61.8M	Nasdaq, Morgan Stanley & 16 others	68/100
3rd	GrowthPal 2020, New York City (United States), Series A	Data-driven M&A deal sourcing platform	$4M	Ideaspring Capital, Ferrana & 25 others	65/100
4th	SeedLegals 2017, London (United Kingdom), Series A	Provider of deal management software	$6.11M	Index Ventures, noblecrownresort.com & 33 others	64/100
5th	Erad 2022, Riyadh (Saudi Arabia), Seed	Provider of working capital to online businesses across various industries	$19M	Flucas Ventures, Kube VC & 15 others	60/100
6th	Midaxo 2011, Boston (United States), Series B	Cloud-based M&A deal management platform	$23M	Finnvera, Idinvest Partners & 7 others	60/100
7th	Finalis 2020, San Francisco (United States), Seed	Provider of a dealmaking platform with compliant workflows and a dealmaker network	$10.7M	Ulu Ventures, Tribe Capital & 6 others	59/100
8th	Stessa 2016, San Francisco (United States), Acquired	Expense tracking software for real estate assets	-	-	59/100
9th	Axial 2010, New York City (United States), Series C	Online platform for small business M&A	$33.6M	Comcast Ventures, FJ Labs & 10 others	59/100
10th	Anduin Transactions 2014, Los Altos (United States), Series B	Deal management tools for private market transactions	$15.6M	8VC, Highfield Capital & 13 others	58/100