The Cloud, a third-generation B2B2C cloud cooking platform based in the United Arab Emirates, has raised $10 million in funding led by Middle East Venture Partners (MEVP) and Olayan Financing Company, with participation from Rua Growth Fund.
Following a successful pre-seed round led by Elkrn Ventures at the end of 2019 and a seed round led by MEVP at the end of 2020, the company has raised a successful Series A round of funding.
The Cloud was founded in 2019 and is backed by Hub71, the distinctive, international tech ecosystem of Abu Dhabi.
The Cloud, which enables restaurant owners to increase kitchen utilization by converting their establishments into cloud kitchens, was developed on the idea of “the Airbnb of kitchens.”
Restaurants may complete their entire virtual setup in less than 30 days thanks to the Company’s patented tech stack and virtual brand portfolio.
The company’s founders, Kamil Rogalinski and George Karam, were solely responsible for the technology suite, which enables the company to quickly scale to other markets. The company already boasts of a presence in the UAE, KSA, and Europe after less than two years of business.
The Cloud’s co-founder and CEO, George Karam, said: “I am extremely pleased that our Series A fundraising raised $10 million in such a short period of time. The Cloud entirely reimagines what a restaurant is and how it achieves scale in the digital economy. With the help of this money, we’ll be able to grow our business in KSA, influence restaurant owners more significantly, and invest in our people and infrastructure. I’m happy to be working with MEVP, Olayan Financing Company, and Rua Growth Fund, and I’m looking forward to growing The Cloud’s regional and international brand while strengthening returns for our investors. The Cloud currently leads the market in the cloud kitchen, virtual restaurant, and online food ordering segments.
The Cloud will be able to continue growing across the GCC and Europe thanks to the latest funding round.
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