Abu Dhabi start-up The Cloud raises $10m in new funding – The National
- Date: 14-Sep-2022
- Source: The National
- Sector:Technology
- Country:UAE
Abu Dhabi start-up The Cloud raises $10m in new funding – The National
The Cloud, a virtual kitchen start-up based in Abu Dhabi's Hub71, has secured $10 million in series A funding that it will use to expand operations in the GCC and Europe.
The investment round was led by Dubai-based Middle East Venture Partners (MEVP), Riyadh-based Olayan Financing Company, with participation from Saudi Arabia's Rua Growth Fund, The Cloud said on Wednesday.
The company, which recently opened its regional headquarters in Saudi Arabia, plans to expand to Kuwait next to boost its GCC footprint, with France and Italy as its next target markets in Europe, George Karam, co-founder and chief executive of The Cloud, told The National.
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