Grubtech lands $3.4m to grow cloud kitchen management platform
Grubtech, a SaaS platform for cloud kitchens and delivery focused restaurants, has secured $3.4 million pre–Series A funding.
Investors included large regional family offices, a US-based venture capital firm as well as a series of angel investors.
Dubai-based Grubtech will use the funds to accelerate product development and capitalise on increased demand from MENA, Europe and the Americas.
CEO Mohamed Al Fayed says: "We are still in the early stages of the digitisation of the F&B sector, akin to e-commerce 10 years ago.”
“The operations of high volume, multi-brand and omnichannel sales are complex, and so Grubtech has been built with a deep focus on our customers' pain points today, and anticipated issues and opportunities of the future."
He adds: "We are fortunate to be working with some of the largest and more innovative players in the sector who have provided us with a great customer feedback loop. We are proud to be local and privileged to be global."
"Grubtech has built a pioneering tech stack which is trailblazing advancements in the growing online food delivery and cloud kitchen space,” says a syndicate of private investors in the MENA region, led by Ghassan Oueida and Gry Loseth.
“We are incredibly excited about its growth potential globally.”
