- The funds will be used to increase its portfolio, expand Locale's portfolio to 20 brands, build-out tech-led kitchens and recruit new talents, the startup claims.
- Launched in 2015, KRUSH Brands is an omni-channel food and beverage company based in UAE with its own technologies for ordering and delivering food.
- Locale is a newly launched platform of KRUSH Brands and it's a digital food platform with integration of customers, foodpreneurs and employees.
- KRUSH Brands had been self-funded until it secured this institutional investment.
The Brazil-based venture fund, Maya Capital, has raised $100 million in its second fund round, to invest in early-stage deals for startups in Latin America. * The new funding is targeted at 20-30 startups in the region, with 50% earmarked for follow-on funding. * The fund will be deployed as 50% in
Vamstar, an AI-driven healthtech startup based in UAE has raised $9.5 million in its Series A funding round led by Alpha Intelligence Capital and Dutch Founders Fund. * The fund will be used to support its digital acceleration and product development processes, enhance its exchange platform with AI, improve data
NymCard, the Middle East and North Africa (MENA)-based fintech firm has raised $22.5 million in its latest funding, a venture round bringing it to $35 million in total funding raised. * The funds will help the firm to improve its finance-related infrastructure, develop its team and scale its presence