Dubai-Based Restaurant Platform Eat App Raises $11 Million Series B
The new funds will be used to fuel the startup’s global growth, as in-person dining recovers from the pandemic.
Eat App, a UAE-based global restaurant reservation platform, has raised $11 million in a Series B round from MEVP, 500 Startups, Derayah VC, Dallah Albaraka, Ali Zaid Al Quraishi & Brothers Company, and Rasameel Investment Company, alongside participation from existing investors.
Founded in 2015 by David Feuillard and Nezar Kadhem, Eat App provides cloud-based applications to restaurants for increasing efficiency and revenue through real-time restaurant reservations, automation, and guest data management and customer relationship management.
“Looking back, the pandemic impacted Eat App greatly,” Nezar Kadhem, Co-Founder of Eat App, tells StartupScene. “Whilst it caused a drop in revenue, it was also one of the largest accelerators of the business. Restaurants were forced to implement digital tools and we were able to help them adapt and re-open. Today, we are doubling down on building a product-led restaurant management solution to become the leader in that category globally.”
According to the startup, Eat App’s growth has accelerated rapidly post-pandemic, up 350% from 2021. The app now services customers in 63 countries globally and has plans for expansion. The new funds will be used to fuel the startup’s global growth, as in-person dining recovers from the pandemic.
The funds will also be used for product development to focus on supporting restaurants and hospitality operators digitize, manage and optimize the guest experience. In February 2020, Eat App raised $5 million. It also secured an additional $6 million to support its growth post-pandemic. To date, the startup has raised a total of $13 million.