FinTechFunding

Grubtech: Raises $3.4M in Pre Series A Funding

  • Grubtech, a Dubai, United Arab Emirates-based SaaS platform for cloud kitchens and delivery-centric restaurants, secured $3.4m in pre–Series A funding
  • Backers included large regional family offices, a US-based venture capital firm as well as angel investors led by Ghassan Oueida and Gry Loseth
  • The company will use the funds to further accelerate product development and expand across MENA, Europe and the Americas
  • Led by CEO Mohamed Al Fayed, grubtech isa company dedicated to empowering delivery-centric restaurants, virtual brands, and cloud kitchens through a purpose-built SaaS platform
  • Grubtech integrates with third parties like food aggregators, logistics providers, points-of-sale solutions and ERPs
  • Since 2019, the company has served hundreds of brands and kitchens in MENA, including Delivery Hero’s cloud kitchen in Abu Dhabi, iKcon, Eathos, Azadea, and more
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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