Click to watchEgyptian renewable feedstocks startup Tagaddod has raised $26.3 million in Series A funding to expand its technology and operations across Africa, Asia, and Europe. The round was led by The Arab Energy Fund (TAEF), with backing from FMO, Verod-Kepple Africa Ventures (VKAV), and A15.
The investment marks TAEF’s first direct entry into the biofuel feedstock sector, reflecting rising interest in circular economy infrastructure and alternative energy. For Tagaddod, it signals a push to become a global leader in collecting and supplying renewable, traceable feedstocks such as used cooking oil, acid oils, and animal fats. These are key inputs for biofuels and sustainable aviation fuel (SAF).
Scaling technology and global reach
Tagaddod has developed a digital platform that collects and tracks waste-based feedstocks from households, restaurants, and food manufacturers. It already operates hubs in Egypt, Jordan, and the Netherlands, and is expanding into Saudi Arabia and other markets.
“This is more than just a funding milestone. It’s a strategic partnership that allows us to build the infrastructure, technology, and supply chains needed for a cleaner energy future,” said Nour El Assal, co-founder and CEO.
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The company plans to utilise the funding to scale its operations, enhance logistics technology, and increase capacity to supply export-grade renewable feedstocks to global refineries.
Worldwide demand for biofuels and SAF is climbing as governments and airlines adopt stricter decarbonisation targets. Feedstock availability has become a significant bottleneck, and Tagaddod’s model, which combines ground-level sourcing with digital traceability, is designed to fill that gap.
“This capital is not here to burn. It’s here to scale,” said Ahmed ElFarnawany, CFO. “Our focus is profitability, execution, and building a business that delivers long-term value.”
Maheur Mouradi, Chief Investment Officer at TAEF, said the investment supports scalable, sustainable infrastructure across the region. “Tagaddod is a founder-led company operating in a mission-critical and underserved segment,” he added.
With the new funding, Tagaddod will expand into new markets, enhance compliance and traceability tools, and integrate local waste collection with global clean fuel production. Its long-term goal is to become a global enabler, linking African and Middle Eastern waste streams to the growing worldwide demand for sustainable fuels.
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