Careem Networks FZ LLC announced that it has received $200 million in its series F round of funding on October 18, 2018. The tranche was led by existing investor Saudi Technology Ventures Kingdom Holding Company (SASE:4280). The tranche also included participation from existing investors Al Tayyar Travel Group Holding Company (SASE:1810) and Rakuten, Inc., Investment Arm.

The company intended to raise $500 million in the transaction.