The restaurant management and payment technology developer increased its overall funding to $28m in a round co-led by STV.
STV, the venture capital firm backed by telecommunications firm Saudi Telecom, co-led a $20m series B round yesterday for Foodics, the United Arab Emirates-based developer of a restaurant management system.
Sanabil Investments, a subsidiary of the Saudi Arabian government’s Public Investments Fund, co-led the round with STV, investing alongside Endeavor Catalyst, Elm and Derayah Venture Capital.
Foodics has developed a point-of-sale system and business management software platform designed for use by restaurants. The cash will support growth in its existing…
