Food tech startup Burger Index raises $1.3m seed funding to expand into GCC

Food tech startup Burger Index raises $1.3m seed funding to expand into GCC

Burger Index, a Spanish food tech startup, has announced it has raised $1.3m in seed funding to initiate its expansion in the GCC region. The funding round was spearheaded by Flat6Labs, MENA region’s seed and early-stage venture capital firm that accelerated the startup through its Ignite program. F Capital, a regional growth accelerator, and Instashop’s founding partner, Cosmin Manea, also participated in the round. The company will use the funding to expand its team and data coverage to include digital groceries and supermarkets. Burger Index, established in Spain in 2022, offers data analytics for the food and beverage industry, allowing restaurants, food brands, cloud kitchens, and distributors to keep track of real-time market updates. “Without data analytics we wouldn’t be able to do anything anymore. It’s not a luxury, it’s a necessity, you have to have it and if you don’t, you’re going to fall behind your competition,” said Wassim Berro, founder and CEO of Burger Index. “Our customers already include brands such as McDonald’s, Nestle, Reef Technology, Allo Beirut and Majid Al Futtaim. They use Burger Index to answer key questions like where should I open my next location? What shall I price my smash burger? What are the