Edafa Venture Capital, a leading venture capital firm, has announced the completion of a multi-million dollar acquisition, securing a strategic stake in Taskedin. Taskedin is a pioneering platform that offers an integrated suite of solutions for task management, human resources, payroll, attendance tracking, and virtual meetings. The platform effectively replaces traditional methods like email and WhatsApp, which often lack evaluation and follow-up features, providing a precise solution for managing tasks. Taskedin preserves the ease and speed of communication, secures conversations and files, and keeps all relevant company data in one place, facilitating task transfers and reducing operational costs by up to 30%.

This investment marks a pivotal step in enhancing Taskedin's solutions, with anticipated expansion into Gulf and international markets.

Taskedin is a comprehensive platform dedicated to improving productivity within organizations, offering a wide range of tools beyond task organization. It extends to HR management, payroll processing, and scheduling, enabling users to focus more effectively on achieving their goals.

Edafa’s support is expected to accelerate Taskedin’s expansion plans, strengthening its presence in Saudi Arabia and the Gulf region, with further international market opportunities on the horizon.

A senior representative from Edafa Venture Capital stated that this acquisition underscores Edafa’s commitment to supporting innovation within its portfolio companies, with a clear objective of delivering added value to clients and stakeholders. The representative added that this strategic step would enable Taskedin to solidify its position as one of the leading integrated business management solutions, raising team efficiency and empowering companies to achieve superior performance.

This acquisition represents a significant advancement for Taskedin, which now aims to extend its services to new markets, offering a suite of advanced tools that assist individuals in organizing tasks and tracking performance, promoting achievement and increasing organizational efficiency.

The deal is a strategic move reflecting Edafa’s long-term commitment to innovation and growth, strengthening the global presence of both companies and providing genuine value to clients worldwide. This acquisition is also part of Edafa Venture Capital’s broader expansion plans for the Egyptian market, following successful ventures in Saudi Arabia, with additional plans to open branches in Bahrain and Qatar to support entrepreneurs across the Arab region.