What is Foodics?
Founded in 2014 and headquartered in the United Arab Emirates, Foodics offers a comprehensive cloud-based restaurant management system delivered via iPad. The platform supports operations in both English and Arabic, providing essential tools for tracking food orders, managing employee timesheets, facilitating digital menu creation, and overseeing inventory. Foodics is positioned as a key technology enabler for the food service industry, streamlining operations and enhancing efficiency for businesses in the region.
How much funding has Foodics raised?
Foodics has raised a total of $194M across 3 funding rounds:
Series A
$4M
Series B
$20M
Series C
$170M
Series A (2017): $4M with participation from 500 Startups Fund, Raed Ventures, and Riyad Taqnia Fund
Series B (2021): $20M led by Endeavor Global, Derayah Financial, STV, Sanabil, and Elm
Series C (2022): $170M supported by Sequoia Capital, Prosus, Endeavor Catalyst, Sanabil Investments, and STV
Key Investors in Foodics
Sequoia Capital
Sequoia Capital is a prominent venture capital firm known for its long-term investment approach and active partnership with entrepreneurs. They invest across venture, growth, and late-stage opportunities, with a significant track record in backing market leaders globally.
Prosus
Prosus is a global consumer internet group and a major technology investor, focusing on building leading companies in sectors like online classifieds, food delivery, and fintech. They actively seek opportunities to partner with entrepreneurs using technology to improve daily lives.
Sanabil Investments
Sanabil Investments is a commercial investment company focused on global private investments in venture and growth assets. They provide patient capital and aim for superior risk-adjusted returns across the asset lifecycle.
What's next for Foodics?
The recent major enterprise-level funding and strategic investment indicate that Foodics is poised for significant expansion and further development of its technology. This capital infusion will likely fuel initiatives such as enhancing its cloud infrastructure, expanding its service offerings, and potentially entering new geographic markets. The company's focus on a robust, integrated system suggests a strategy aimed at capturing a larger share of the digital transformation within the food and beverage industry, solidifying its role as a leader in restaurant technology.
See full Foodics company page
