Egypt-based cleantech startup Tagaddod has successfully closed a $26.3 million Series A funding round. The round was led by The Arab Energy Fund (TAEF), a leading multilateral impact financial institution, with significant participation from FMO, the Dutch entrepreneurial development bank, Verod-Kepple Africa Ventures (VKAV), and A15 Ventures.
Digitising Waste For The Biofuel Economy
Founded in 2013 by Nour El Assal and Ahmed ElFarnawany, Tagaddod has built a proprietary, tech-powered platform to address a critical bottleneck in the global energy transition. The company collects, aggregates, and traces renewable waste-based feedstocks, including Used Cooking Oil (UCO), acid oils, and animal fats. By digitising traditionally informal supply chains, Tagaddod connects thousands of suppliers—from households and restaurants to large food manufacturers—with the rapidly growing biofuels and Sustainable Aviation Fuel (SAF) industries, ensuring a certified and traceable supply chain for global refineries.
Strategic Capital For Regional Scale
With operational hubs in Egypt, Jordan, and the Netherlands and a growing footprint in Saudi Arabia, the new capital will fuel Tagaddod’s next phase of growth. The company plans to accelerate its regional expansion across Africa, Asia, and Europe, enhance its technology stack with AI-powered logistics and predictive analytics, and build out the necessary infrastructure to handle larger volumes of export-grade renewable feedstocks. “This is more than just a funding milestone — it’s a strategic partnership that empowers us to take bold steps toward building the infrastructure, technology, and supply chains needed to support a cleaner energy future,” said Nour El Assal, Co-Founder and CEO of Tagaddod.
Investor Confidence In A Sustainable Future
The investment from TAEF highlights the growing strategic importance of circular economy models in the region’s energy sector. The fund’s backing provides not only capital but also deep industry expertise and regional reach as Tagaddod scales its operations. “This is a compelling opportunity to support a founder-led company operating in a mission-critical and underserved segment,” said Maheur Mouradi, 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.” The continued support from returning investors like FMO, VKAV, and A15 Ventures further validates the company’s progress and long-term vision.
About Tagaddod
Tagaddod is a tech-powered renewable feedstocks platform founded in 2013. The company has developed a proprietary system to collect, trace, and certify renewable waste-based feedstocks such as used cooking oil, acid oils, and animal fats from a vast network of suppliers. Operating across Africa, Asia, and Europe, Tagaddod plays a crucial role in enabling sustainable supply chains for the global biofuels and Sustainable Aviation Fuel (SAF) industries.
Source: Wamda
