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"THE CLOUD" SECURES $12 MILLION IN SERIES B FUNDING, ACQUIRES FOOD TECH STARTUP KBOX, AIMING FOR EXPANSION IN GCC & EUROPE
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Exciting news from The Cloud HQ! 🚀 We’re thrilled to announce the successful first close of our Series B funding round, securing
$12 million out of the $30 million we’re aiming for. The funding round saw participation from many new investors, including
MENA Moonshots, showcasing confidence in The Cloud’s mission to innovate and expand
But that’s not all – we’ve been cooking up something special. We’ve strategically acquired KBOX, a UK-based food tech startup, adding a whopping 200 locations to our global portfolio. This move is a game-changer, marking our strategic entry into European markets and setting the stage for expansion across
the UK and beyond.
“With a presence in 7 countries, 91 cities, and a vision to hit 8,000 locations by 2027, we’re headed for a dual listing in Abu Dhabi
and Riyadh, heralding a new era of growth for The Cloud in the EMEA region. Our mission to revolutionize global dining, empower restaurateurs, and set new standards in food tech is stronger than ever. 🌐”
01
The Cloud, a Hub71 food tech
startup secures $12 million in
Series B funding, with many
new investors on board,
reflecting broad market
confidence.
02
The Cloud acquires KBOX for
strategic European expansion,
adding 200 UK locations to its
global portfolio.
Founder & Chairman Georges
Karam positions The Cloud as a
food tech disruptor, targeting a
dual listing in Abu Dhabi and
Riyadh by 2027 with a goal of
8,000 locations.
Georges Karam, Founder & Chairman
“Our Series B funding and the KBOX acquisition reinforce our position as
innovators in the global food tech landscape. Having raised a total of $22 million,
we are now focused on enhancing our market presence in the UAE and beyond.
Our in-house developed technology and proactive acquisition strategy reflect our
vision for industry consolidation and our commitment to scaling strong
homegrown brands internationally. Looking forward, we continue to actively eye
more strategic acquisitions while also seeking to raise further capital.”