What is Foodics?
Founded in 2014, Foodics has established itself as a cornerstone of the regional hospitality technology stack. By offering a comprehensive, bilingual cloud-based platform, the company enables restaurant operators to manage complex workflows—including digital menus, food orders, and timesheets—with unprecedented efficiency. Its market position is defined by its ability to bridge the gap between traditional dining operations and modern digital infrastructure, serving as a vital partner for businesses looking to scale in a competitive landscape.
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 Raed Ventures, 500 Startups Fund, and Riyad Taqnia Fund
Series B (2021): $20M led by Endeavor Global, Sanabil, Elm, Derayah Financial, and STV
Series C (2022): $170M supported by Prosus, Sanabil Investments, STV, Sequoia Capital, and Endeavor Catalyst
Key Investors in Foodics
Prosus
A global consumer internet group and one of the largest technology investors in the world, focusing on high-growth sectors like food delivery and fintech.
Sanabil Investments
A commercial investment firm providing patient, resilient capital to support growth-stage companies across the GCC market.
STV
The largest venture capital fund in the MENA region, dedicated to backing and scaling disruptive technology companies with significant growth potential.
What's next for Foodics?
With the infusion of capital from its latest financing round, Foodics is well-positioned to accelerate its regional expansion and deepen its product capabilities. The company is expected to leverage this strategic backing to enhance its fintech integrations and further penetrate emerging markets within the GCC. As the hospitality industry continues to prioritize digital resilience, Foodics remains a key player in shaping the future of restaurant management, likely focusing on advanced data analytics and automated supply chain solutions to maintain its competitive edge.
See full Foodics company page
