Cairo-based Tagaddod has completed a $26.3 million Series A funding round led by The Arab Energy Fund (TAEF), to scale its renewable feedstock operations, including biofuels used in sustainable aviation fuel (SAF) production.
The funding round, which was supported by MO, VKAV, and A15, marks a ‘key milestone’ in Tagaddod’s ambition to become a leader in the supply of renewable, traceable, and sustainable feedstocks, it said in a statement.
The firm manages a proprietary platform that collects and traces renewable feedstocks such as used cooking oil and animal fats from households, restaurants, and food manufacturers in the markets in which it operates. It has regional hubs in Egypt, Jordan, and the Netherlands, as well as a growing footprint in Saudi Arabia and other markets.
‘Strategic partnership’
“This is more than just a funding milestone – it’s a strategic partnership that empowers us to take bold steps toward building the infra structure, technology, and supply chains needed to support a cleaner energy future,” commented Nour El Assal, co-founder and CEO of Tagaddod. “TAEF’s regional reach and commitment to sustainable development make them an ideal partner as we scale.”
Funds from the Series A round will be used to accelerate regional expansion in Africa, Asia and Europe, enhance the company’s technology stack with automation, predictive analytics, and digital traceability functions, and increase operational capacity.
Addressing global demand
As Tagaddod noted, with the global demand for biofuels and SAF increasing, feedstock availability is becoming a significant bottleneck hampering growth – with the company well placed to address this challenge.
“This is a compelling opportunity to support a founder-led company operating in a mission-critical and underserved segment,” commented Maheur Mourali, chief investment officer of The Arab Energy Fund.
“Tagaddod’s platform reflects our commitment to backing scalable, sustainable infrastructure that accelerates the region’s transition to alternative energy, resource efficiency, and circular economic models, including our long-term goal of leadership in the biofuels space.” Read more here.
