The Middle East’s 50 Most-Funded Startups
Investors: Al Riyadh Investment, Naseel Holding, Raed Advanced Investments, Derayah, Elm, Taqnia , 500 startups
All-in-one Restaurant Management System
Foodics is a cloud-based all-in-one restaurant management system for F&B outlets in MENA. Co-founders Ahmad Alzaini and Mosab Alothmani met while they were college classmates at King Fahd University in Saudi Arabia. Today, Foodics has over 10,000 customers and has processed over a billion orders, with five offices across Saudi Arabia, the U.A.E., and Egypt. The company raised $2.2 million in funding in 2020 from venture capital firms Derayah and Elm. It is currently closing a Series B round, according to the CEO.