Kaso
ActiveB2B marketplace connecting restaurants to food suppliers
Kaso digitizes the supply chain between restaurants and food suppliers in the Middle East.
Founders
Funding Rounds
Lead: KBW Ventures
Investors: KBW Ventures
B2B food-tech; KBW Ventures (Prince Khaled bin Al-Waleed) announced an investment, amount and stage undisclosed. | B2B foodtech procurement; wrap attributes it to Saudi Arabia but KASO is widely described as Dubai-based - country left null. Stage and amount undisclosed. Date is the article date. Confidence: confirmed (round 13, Arab News).
Investors: BY Venture Partners, Hala Ventures, Seedra Ventures, Pioneer Fund, Spade Ventures, Derayah Ventures, Vulpes Ventures, Cyfr Capital, Global Founders Capital, MSA Capital, Y Combinator, regional family offices
Lead: Y Combinator
Investors: Y Combinator
Accelerator investment, YC Winter 2022 batch; amount not stated by the company (YC's standard W22 deal was $125k for 7% plus a $375k MFN safe, but Kaso never confirmed the figure — kept null). Also: https://www.ycombinator.com/companies/kaso Confidence: confirmed (round 13, Kaso (company press release)).
Lead: Global Founders Capital
Investors: Global Founders Capital, MSA Capital, angel investors (ex-Careem, Delivery Hero, Apple, Faith Capital, Talabat, Eyewa, Instashop leaders)
Company labels it pre-seed and names Global Founders Capital and MSA Capital as co-leads (The National later calls it the 'initial $2.1m seed round' led by GFC and MSA Novo). Company was branded Elkaso at the time. Startup Intros lists Byld Ventures and Sequoia on this round — aggregator noise, not in the company release. Also: https://www.thenationalnews.com/business/start-ups/2023/07/12/saudi-fb-procurement-start-up-kaso-raises-105m-in-seed-round-to-fund-expansion/ Confidence: confirmed (round 13, Kaso (company press release)).
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