Foodics
ActiveA cloud-based point-of-sale (POS) and restaurant-management platform, paired with an integrated payments product (Foodics Pay), for restaurants and cloud kitchens.
Foodics is a Riyadh-headquartered restaurant-tech and fintech company founded in 2014 (in Al Khobar) by Ahmad Al-Zaini and Mosab Al-Othmani, serving over 30,000 F&B outlets across the MENA region with POS, payments and restaurant-operations software. It raised $170 million in a Series C round in April 2022 — the largest SaaS Series C in MENA at the time — led by Prosus and Sanabil Investments, and has since made its own acquisitions, including self-ordering platform Solo (Feb 2025) and Greek AI hospitality startup Norma (June 2026).
Founders
Funding Rounds
Lead: Kamco Invest
Investors: Kamco Invest
Labelled "strategic" by the source. Announced July 2025; Kamco says the investment closed in Q4 2024 with legal/regulatory steps completed afterwards. Amount and stake undisclosed; Wamda describes it as a primary investment, but Kamco's wording ('acquires a stake') leaves primary vs secondary open. Kamco cites a Tadawul IPO within 2-3 years. Also: https://www.wamda.com/2025/07/kamco-invest-acquires-stake-foodics https://en.sharikatmubasher.com/media-hub/news/21498320/kamco-invest-acquires-stake-in-foodics?lang=en Confidence: confirmed (round 13, Kamco Invest).
Lead: Prosus
Investors: Prosus, Sanabil Investments, Sequoia Capital India, STV, Endeavor Catalyst
Investors: Prosus, Sanabil Investments, Sequoia Capital India, STV, Endeavor Catalyst.
Lead: Sanabil Investments
Investors: Sanabil Investments, STV, Endeavor Catalyst, Elm, Derayah
SAR 75M / $20M (both printed by the company). Led by Sanabil (PIF-owned), co-led by STV. Company: total raised to date $28M (SAR 105M) after this round. Also: https://www.wamda.com/2021/02/foodics-raises-20-million-series-b https://gulfbusiness.com/en/2021/saudi-arabia/saudi-tech-startup-foodics-raises-20m-in-series-b-funding/ https://www.zawya.com/en/press-release/startup-foodics-raises-series-b-funding-round-led-by-sanabil-investments-wp37oj77 Confidence: confirmed (round 13, Foodics).
Lead: Riyad Taqnia Fund
Investors: Riyad Taqnia Fund, Faith Capital, Tech Invest Com, Naseel Holding
Company label 'pre-Series B'. The same round was first announced as an undisclosed 'bridge round' with Faith Capital on 16 April 2019 (MENAbytes); the June announcement added the amount and remaining investors - one round, not two. Cumulative $8M after this round. Also: https://www.menabytes.com/foodics-pre-series-b/ https://www.menabytes.com/foodics-bridge/ Confidence: confirmed (round 13, Wamda).
Lead: Raed Ventures
Investors: Raed Ventures, Riyad Taqnia Fund, Neseel Holding, 500 Startups
SAR 15M = $4M at the 3.75 peg (both figures printed). MENAbytes describes Raed Ventures and Riyad Taqnia Fund as co-leads. Also: https://www.menabytes.com/foodics-4-million/ https://mena.entrepreneur.com/finance/saudi-arabia-based-foodtech-startup-foodics-raises-us4/303864 https://www.arabianbusiness.com/business/379523-saudi-restaurant-management-start-up-raises-4million Confidence: confirmed (round 13, Wamda).
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