Growdash, a Dubai, UAE-based SaaS platform designed for restaurant marketing and operational teams, raised AED6.8 million ($1.8M) in seed funding.
Investors
The round was led by Oryx Fund and Oraseya Capital.
Founded in 2021, Oryx Fund is a venture capital investment firm based in Abu Dhabi, United Arab Emirates. Oryx Fund is a MENA-focused investment fund from Hambro Perks. The firm invests in game-changing early-stage technology companies from Seed to Series A.
Oraseya Capital, the venture capital arm of Dubai Integrated Economic Zones Authority (DIEZ). Oraseya Capital supports technology startups from their initial pre-seed stage right through to the series b investment stage.
Growdash Use of Funds
The company will use the funding to accelerate its product development and support its expansion into the Kingdom of Saudi Arabia later this year. The company also aims to explore opportunities in Central Eastern Europe.
About Growdash
Founded in 2022 by Sean Trevaskis and Enver Sorkun, Growdash specializes in providing restaurant marketing and operational teams with tools to build, execute, and manage profitable growth strategies across digital sales channels. Growdash works with over 300 restaurant brands across 4,000 locations in the UAE, Kuwait, and Qatar.
Funding Details
Company: Growdash
Raised: $1.8M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Oryx Fund, Oraseya Capital
Additional Investors:
Company Website: https://www.mygrowdash.com/
Software Category: Restaurant Marketing
Source: https://www.zawya.com/en/press-release/companies-news/dubai-based-growdash-raises-a-18mln-in-seed-round-celsr7t5