UAE's Eighty6 Raises $3.7 Million in Seed Round to Expand Its B2B E-commerce Platform in GCC Region
Eighty6, the leading online procurement platform for restaurants in the United Arab Emirates, has successfully raised $3.7 million in a Seed round of funding. The round included Sanabil 500 MENA Seed Accelerator Fund and prominent GCC family offices and strategic investors who possess a comprehensive grasp of the food and beverage industry, encompassing both the restaurant and supplier sides.
Eighty6’s mission is to reduce time spent on procurement, from both the restaurant and supplier’s perspectives, and minimize mistakes, gaps and food wastage. Its driving objective is to achieve significant efficiencies by leveraging technology to streamline and digitize the daily procurement process, which is currently obsolete, labour-intensive, and time-consuming. This will enable suppliers to augment thei