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Foodics raises $4M in first investment round

Monday September 25, 2017

(PITCHPIGEON.COM) Dubai, UAE — Saudi-based restaurant management system startup Foodics managed to raise $4 million during its Serie A funding round.
The funding that was led by Saudi venture capitals Raed Venture and Riyadh TAQNIA Fund (RTF) is Foodics’ first ever external fund.

The new investors will help Foodics expand its growth into both the Saudi and UAE markets, with an eye on opening new markets in the GCC/Middle East region.

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