{"id":546087,"date":"2022-04-27T03:57:03","date_gmt":"2022-04-27T03:57:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/"},"modified":"2022-04-27T03:57:03","modified_gmt":"2022-04-27T03:57:03","slug":"saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/","title":{"rendered":"Saudi\u2019s Foodics closes largest-ever SaaS series C round in Mideast"},"content":{"rendered":"

<\/a> Saudi food startup closes blockbuster series C round: <\/strong>Saudi restaurant management platform Foodics<\/a> has raised USD 170 mn in the biggest software-as-a-service (SaaS) series C funding round in the MENA region, it said in a press release<\/a> last Wednesday. The round was led by global tech investor Prosus<\/a> and Sanabil Investments<\/a>, an investment company owned by the Saudi sovereign wealth fund. Foodics also received backing from Sequoia Capital India<\/a> and existing investors including STV<\/a>, Endeavor Catalyst<\/a>, and Vision Ventures<\/a>.<\/p>\n

Where the money\u2019s going:<\/strong> The funding will back the platform\u2019s international expansion and help finance acquisitions to deepen its market penetration, the company said. It is also looking to launch new fintech, micro-lending and supply chain management services, as well as \u201cnon-food micro-retail outlets.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi food startup closes blockbuster series C round: Saudi restaurant management platform Foodics has raised USD 170 mn in the biggest software-as-a-service (SaaS) series C funding round in the MENA region, it said in a press release last Wednesday. The round was led by global tech investor Prosus and Sanabil Investments, an investment company owned […]<\/p>\n","protected":false},"author":1,"featured_media":546088,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,730,219,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-saas","tag-saudi-arabia","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"12981969-74a4-4a85-92c5-f60dadf43c8e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/378.jpg","photo_position":"above","related_issue":[546077],"teaser":"","voice_url":""},"yoast_head":"\nSaudi\u2019s Foodics closes largest-ever SaaS series C round in Mideast - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi\u2019s Foodics closes largest-ever SaaS series C round in Mideast\" \/>\n<meta property=\"og:description\" content=\"Saudi food startup closes blockbuster series C round: Saudi restaurant management platform Foodics has raised USD 170 mn in the biggest software-as-a-service (SaaS) series C funding round in the MENA region, it said in a press release last Wednesday. The round was led by global tech investor Prosus and Sanabil Investments, an investment company owned […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-27T03:57:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/378.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi\u2019s Foodics closes largest-ever SaaS series C round in Mideast\",\"datePublished\":\"2022-04-27T03:57:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/\"},\"wordCount\":135,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/378.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SaaS\",\"Saudi Arabia\",\"Startup watch\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/saudis-foodics-closes-largest-ever-saas-series-c-round-in-mideast\/\",\"name\":\"Saudi\u2019s Foodics closes largest-ever SaaS series C round in Mideast - 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Foodics, which was founded in 2014, is now working on outfitting 15 local\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553412,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/raseedi-raises-usd-850k-pre-series-a-investment-bexel-closes-usd-six-figure-round\/","url_meta":{"origin":546087,"position":1},"title":"Raseedi raises USD 850k pre-series A investment + Bexel closes USD six-figure round","author":"enterpriseam admin","date":"2 December 2021","format":false,"excerpt":"Fintech startup Raseedi raised USD 850k in pre-series A funding from Africa-focused Japanese VC firm Samurai Incubate, an undisclosed European investor and existing investors including 500 Global, Falak Startups and EFG-EV, Wamda reports. 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Buttress (bio), now a partner at VC outfit 83 North, has invested a \u201crelatively significant\u201d amount in the company,\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/41.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543394,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/31\/splendapp-raises-six-figure-pre-seed-round-from-saudi-angel-investors\/","url_meta":{"origin":546087,"position":4},"title":"Splendapp raises six-figure pre-seed round from Saudi angel investors","author":"enterpriseam admin","date":"31 January 2022","format":false,"excerpt":"Egypt-based app-maker Splendapp has raised an undisclosed six-figure pre-seed round from a group of Saudi angel investors, Magnitt reported last week citing a company statement. The company will use the funding to expand into the GCC within the next six months, and invest in its product and team.About Splendapp: Founded\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566173,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/zvendo-closes-seven-figure-pre-series-a\/","url_meta":{"origin":546087,"position":5},"title":"zVendo closes seven-figure pre-series \u201cA\u201d","author":"enterpriseam admin","date":"1 June 2021","format":false,"excerpt":"Egyptian e-commerce platform zVendo has raised a seven-figure USD pre-series \u201cA\u201d round with participation from local manufacturer Mobica as well as Gratus Holding, a vehicle owned in part by Bishoy Azmy, the CEO of Dubai-based ASGC Construction. The e-commerce SaaS solutions provider bills itself as a platform that lets \u201cretailers\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546087"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546087\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546088"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546087"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546087"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}