Saudi Arabia-based SaaS provider Al Menu raised $10.12 million in a funding round led by Al Majdiah Investment and other investors. Founded in 2022 by Mamdoh Ali, the company delivers cloud-based solutions to restaurants and cafes across the country.
The investment, totaling 38 million Saudi Riyals, will drive the company’s expansion in restaurant services. Al Menu has already made significant progress in managing many restaurants and cafes, boosting the growth of this key industry in the Kingdom.
CEO Mamdoh Ali emphasized that Al Menu aims to offer operational solutions to thousands of establishments. The company focuses on reducing management costs and improving workforce efficiency in the rapidly growing F&B sector.
Nasser Al Majid, CEO of Al Majdiah Investment, stated that their investment seeks to strengthen the sector’s role in achieving Saudi Arabia’s Vision 2030 goals. By offering innovative and competitively priced solutions, they aim to enhance the efficiency and investment appeal of the hospitality industry.
Discover the State of Funding in MENA – 2019 to 2023 :
https://assiyaq.com/the-state-of-startup-funding-in-mena-2024-report/ of this month is taking you through the ups and downs of MENA’s startup funding over the last 5 years. If you’re a startup founder, an investor or an ecosystem builder, this is your chance to learn from the past, spot the trends, and write your own success story.
Don’t miss out on knowing the history that could shape our future!
