Sanabil Investments Leads Series B Round in Foodics

Posted on 02/01/2021

Sanabil Investments is wholly-owned by Saudi Arabia’s Public Investment Fund (PIF), a sovereign wealth fund. Sanabil Investments led a 75 million riyals (US$ 20 million) Series B funding round in Riyadh-based Foodics. Foodics is a food and beverage technology firm, which offers tech platform that helps retail and restaurant owners run their business.

Other investors involved in the Series B round were STV (Saudi Technology Ventures), Endeavor Catalyst, and Elm & Derayah.

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