UAE and Saudi Startups Have Taken the Lead in the List of the Top 5 Most Funded Foodtech Scaleups in MENA in 2023.
The most funded Foodtech startup in MENA is Dubai-based KITOPI, having raised over US $800M. Second-placed Believer Meats from Israel raised less than half of KITOPI, at $388M. Abu Dhabi’s Pure Harvest is among one of the world’s most well-funded agriculture tech players.
The Growing Business of Foodtech
There are over 124 foodtech unicorns around the world worth over US $1.3 trillion. The Foodtech market itself surpassed US $260 billion last year alone. Alt-Proteins, 3D Printing Food, and AI integrated Restaurant SaaS: The future of food has arrived. In addition to looking at foodtech globally, in this special report we also look at the future of food technology scene in the MENA region, our special report delves deeper into the dynamics of Foodtech in MENA.
Related Videos & Podcasts
Turkey's Path to Unicorn-dom: A Journey through its Thriving Startup Ecosystem
By Lucidity Insights Research Team • March 19, 2024The Top 5 Most Funded Foodtech Startups in MENA
By Lucidity Insights Research Team • September 23, 20237 Ways Generative AI can be Used in Foodtech
By Lucidity Insights Research Team • September 21, 2023Foodtech's average funding round sizes continue to rise across all stages
By Lucidity Insights Research Team • September 18, 2023Meet the Region’s Most Prominent Foodtech-meets-Fintech Player
By Lucidity Insights Research Team • September 15, 2023VC investments in Restaurant SaaS have skyrocketed in the last decade
By Lucidity Insights Research Team • September 14, 2023Israel and UAE dominate MENA Foodtech, securing 80% of startup funding
By Lucidity Insights Research Team • September 13, 2023MENA Foodtech Scaleups have raised more than $2.9B in the last 3 years
By Lucidity Insights Research Team • September 10, 2023Which foodtech sectors are attracting investors in MENA?
By Lucidity Insights Research Team • September 09, 2023MENA is home to 138 Foodtech Scaleups
By Lucidity Insights Research Team • September 06, 2023Did you check these out?
Chai Kings Bags $3M Investment from AVT, Plans Expansion
By Staff Writer • March 17, 2025Emirati-Owned ROR Coffee Solutions Secures a Landmark USD 8.2M Fund for Growth
By Staff Writer • March 14, 2025Swish Raises $14M to Expand Rapid Food Delivery
By Staff Writer • March 07, 2025Bahrain's Lola Secures $1.3M in Pre-Seed to Revolutionize Custom Cake Ordering
By Staff Writer • February 25, 2025Mealawe Raises $1M to Scale Women-Led Kitchens & Corporate Cafeterias
By Staff Writer • February 07, 2025Rafinera Cloud Kitchen Raises $2.7 Million to Expand Nationwide
By Staff Writer • January 06, 2025Truk Rwanda & Couvoir Amar Secure $1.55M N3F Funding for Nutrition Impact
By Staff Writer • December 21, 2024Celleste Bio Raises $4.5M to Scale Sustainable Cocoa Production Using Cellular Agriculture
By Staff Writer • December 06, 2024Beyond Oil Attracts Strategic Backing with $1.25M Investment
By Staff Writer • November 19, 2024Foodpreneurs Hub Raises $500K to Boost Africa’s Food Sustainability
By Staff Writer • September 23, 2024