Tech Company Financing Transactions

Cercli Funding Round

Afore Capital, COTU Ventures and private investors participated in a $12 million Series A capital raise for Cercli. This venture round was recorded on 10/21/2025.

Transaction Overview

Company Name
Announced On
10/21/2025
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Series A
Investors

Afore Capital

COTU Ventures

private investors (Francesco Scalambrino)

private investors (Francesco Simoneschi)

private investors (Gerry Colyer)

private investors (Jaime Arrieta)

private investors (Marco Ogliengo)

private investors (Mehdi Ghissassi)

private investors (Prabhakar Reddy)

Y Combinator

Proceeds Purpose
Cercli will use the new capital to enhance its technology. The company also plans to expand its team and enter new markets within the region.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
Unit GA-00-SZ-L1-RT-208, Level 1, Gate Avenue - South Zone,
Dubai, Undisclosed
United Arab Emirates
Phone
Undisclosed
Email Address
Overview
Cercli (YC S23) is the modern payroll and employee data platform for the Middle East and North Africa (MENA). Even today, companies across MENA manage payroll, employee information, documents, onboarding checklists, and a plethora of other tasks manually. They default to spreadsheets, legacy enterprise solutions, and dated basic HR solutions, causing an array of issues and challenges, including human error and fraud, weak compliance, poor transparency, and more.
Profile
Cercli LinkedIn Company Profile
Social Media
Cercli Company Twitter Account
Company News
Cercli News
Facebook
Cercli on Facebook
YouTube
Cercli on YouTube

Management Team

Title
Name
Email & Social
Founder
Akeed Azmi
  Akeed Azmi LinkedIn Profile  Akeed Azmi Twitter Account  Akeed Azmi News  Akeed Azmi on Facebook
Founder
David Reche
  David Reche LinkedIn Profile  David Reche Twitter Account  David Reche News  David Reche on Facebook


 

 

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Prev: 10/21/2025: INSTANDA venture capital transaction
Next: 10/21/2025: Barrell Energy venture capital transaction

 

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We do our best to document every notable VC transaction. VC transactions on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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