Egyptian Foodtech The Food Lab Raises USD 4.5 Mn Pre-Seed Round

The Food Lab, an Egyptian cloud kitchen platform has raised USD 4.5 Mn in a pre-seed financing from Africa-focused fund 4DX Ventures, UAE-based venture capital firms Nuwa Capital and Shorooq Partners. Other participating investors include Al Faisaliah Group and Samurai Incubate.

The Food Lab provides a full suite of end-to-end services, including cloud kitchen (kitchen as a service) and procurement. The Food Lab’s virtual brand consultant, a data-centric dashboard powered by machine learning, democratizes data and provides granular information to these brands regarding their operations and finances. Other information includes menu reengineering, marketing, profitability margins, customer segmentation, and buyer persona classification.