Kamco Invest, a top-tier asset management and investment banking firm, has acquired a strategic equity stake in Foodics, the MENA region’s leading cloud-based restaurant technology and payments platform.
The acquisition follows Foodics’ impressive $170 million funding round, completed in Q4 2024. Final regulatory and legal approvals wrapped up recently. This helped in marking a major milestone in Foodics’ journey toward expansion and a potential IPO.
A Strategic Move into High-Growth Tech
Kamco Invest’s latest move is part of a larger strategy to identify high-value tech opportunities in the region.
- Focus on fast-growing sectors
- Targeting tech leaders with IPO potential
- Adding value for investors through diversification
“We are proud to be part of a regional tech champion,” said Dalal Al Shaya, Director of Private Equity at Kamco Invest. “Foodics shows clear signs of sustainable growth across multiple fronts. We believe in its strategy, business model, and the leadership team’s ability to drive success.”
Who is Foodics?
Founded in 2014, Foodics is transforming how restaurants operate across the MENA region. It offers an end-to-end platform that helps restaurateurs manage everything, from front-of-house orders to backend accounting and real-time performance dashboards, all from a single screen.
- Over 33,000 restaurants served
- $10+ billion annual Gross Merchandise Value in 2024
- Access to payments, POS, inventory, HR, and lending tools
Its platform enables food business owners to run their operations efficiently, scale quickly, and even access financing solutions, all embedded into one ecosystem.
Why This Deal Matters
The Kamco-Foodics deal signals more than just a financial transaction, it reflects growing regional investor confidence in tech-driven solutions for traditional sectors like food and hospitality.
- ✅ Strengthens Kamco’s position in the tech investment landscape
- âś… Supports local innovation and digitization
- ✅ Ties into Saudi Arabia’s Vision 2030 tech ambitions
With restaurants increasingly turning to cloud solutions for agility and customer insights, Foodics is aims to dominate a fast-growing market.
What’s Next?
Foodics is reportedly eyeing a near-term IPO, making this acquisition a timely play for Kamco Invest and its clients. Backed by top-tier regional and global investors, Foodics is expected to continue expanding its product lines and geographic footprint.
Future of Foodtech in the region
Kamco Invest’s stake in Foodics is a strategic bet on the future of foodtech in the region. By backing a market leader with proven performance and scalability, Kamco positions itself at the intersection of innovation and opportunity in MENA’s digital economy.