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 Jul 01, 2024, the latest employee count at Erad is 3.

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. Its primary sector is Investment Tech. In Saudi Arabia, the Investment Tech sector has seen $15.2M in funding in 2026 to date.

Where does Erad rank among its competitors?

Erad ranks 4th amongst 195 active competitors, of which 38 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Erad, which secured $125M in Nov, 2025.

Who are the top competitors of Erad?

Erad's top competitors include Teamshares, SeedLegals and Finalis. Among them, Erad secured the most recent funding round in November, 2025.

Erad - 2026 Company Profile, Team, Funding & Competitors

Erad is a seed company based in Riyadh (Saudi Arabia), founded in 2022 by Youssef Said, Salem Abu Hammour and Faris Yaghmour. 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 195 active competitors, including 38 funded and 10 that have exited. Its top competitors include companies like Teamshares, SeedLegals and Finalis.

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/
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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 & 15 more

Ranked

4^th among 195 active competitors

Employee Count

3 as on Jul 01, 2024

Similar Companies

Teamshares & 205 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 16 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	2010585	Conventional Debt	5200817	9246193	1968363	4457211
Sep 25, 2025	5482822	Venture Debt	5206038	2566912	4858679	Stride Ventures
Apr 30, 2025	9505293	Seed	2736493	4906469	Y Combinator	Nuwa Capital & 5 more

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View details of Erad's funding rounds and investors

The founders of Erad are Youssef Said, Salem Abu Hammour and Faris Yaghmour. Salem Abu Hammour is the CEO of Erad.

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

Youssef Said: Co-founder & CTO of Erad.
Salem Abu Hammour: Co-Founder & CEO of Erad.
Contact Info: 1 email address
Faris Yaghmour: Co-Founder & CCO of Erad.

View details of Erad's Founder profiles and Board Members

Erad's employee count trend

Erad has 3 employees as of Jul 24. Here is Erad's employee count trend over the years:

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Top competitors of Erad include Teamshares, SeedLegals and Finalis. 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), Series D	Solutions to sell small businesses	$245M	MUFG, Union Square Ventures & 15 others	67/100
2nd	SeedLegals 2017, London (United Kingdom), Series A	Provider of deal management software	$6.11M	Index Ventures, noblecrownresort.com & 33 others	64/100
3rd	Finalis 2020, San Francisco (United States), Seed	Provider of a dealmaking platform with compliant workflows and a dealmaker network	$10.7M	Animo, Ulu Ventures & 6 others	59/100
4th	Erad 2022, Riyadh (Saudi Arabia), Seed	Provider of working capital to online businesses across various industries	$19M	Flucas Ventures, Kube VC & 14 others	58/100
5th	DFIN 2016, Chicago (United States), Public	Regulatory filing & reporting solutions provider	-	-	55/100
6th	DOMOS FS 2013, Paris (France), Acquired	Deal management solutions for alternative investment fund managers	-	SimCorp, LHoFT	53/100
7th	Finsight 1998, New York City (United States), Unfunded	Deal management solutions	-	-	53/100
8th	Marquee Equity 2016, Noida (India), Series A	Provider of fundraising solutions, documentation, deal origination, and mergers and acquisitions	$3.8M	Costanoa Venture, TTV Capital & 5 others	52/100
9th	Dealstack 2022, London (United Kingdom), Seed	Online platform to manage investment programme and deal workflow from onboarding to exit for private equity	$12.5M	M Ventures, Bjelak Invest & 8 others	52/100
10th	Axial 2010, New York City (United States), Series C	Online platform for small business M&A	$33.6M	Comcast Ventures, Redpoint Ventures & 10 others	48/100