START UP WATCH

Cairo cloud kitchen startup raises USD 4.5 mn funding round

Cloud kitchen operator The Food Lab raised USD 4.5 mn in a pre-seed round co-led by Nuwa Capital, Shorooq Partners and 4DX Ventures and with participation from Saudi’s Al Faisaliah Group, Japan’s Samurai Incubate, KSA investor Abdul Majeed Al Hokair, and a number of other angel investors, the company said in a statement (pdf). About…