Prosus co-led the restaurant management software provider’s latest round, which will support its international expansion.

Internet group Prosus co-led a $170m series C round yesterday for Foodics, the Saudi Arabia-based creator of a restaurant management and payment software platform.

The round was co-led with Sanabil Investments, an investment firm backed by Saudi Arabia’s Public Investment Fund, and it included STV, the venture capital firm backed by telecommunications company Saudi Telecom, in addition to Sequoia Capital India and Endeavor Catalyst.

Founded in 2014, Foodics provides software that helps restaurant and other food and beverage retailers streamline…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.