Grubtech Raises $15 Million in Funding

Grubtech Raises $15 Million in Funding

Grubtech, a Dubai, UAE-based SaaS integration and unified commerce platform catering to F&B and Quick Commerce enterprises, raised $15 million in Series B round, alongside a Series A extension.

The round was led by Jahez Group, with participation from existing investors Addition and Oryx Fund.

Jahez Group is a prominent online food and quick commerce marketplace in Saudi Arabia.

The company will use the funds to accelerate geographic expansion into Saudi Arabia, Europe, and the UK.

Founded in 2019, Grubtech provides SaaS integration and a unified commerce platform designed to empower F&B (Food and Beverage) and Quick Commerce enterprises. The flagship product gOnline, is a unified commerce engine that integrates a wide range of online and in-store ordering channels into downstream systems like POS (Point of Sale), ERP (Enterprise Resource Planning), inventory management, third-party logistics, and loyalty solutions. Its clientele spans across 18 markets, showcasing its global footprint and significant industry presence.

Funding Details

Company: Grubtech

Raised: $15.0M

Round: Series B

Funding Month: May 2024

Lead Investors: Jahez Group

Additional Investors: Addition, Oryx Fund

Company Website: https://www.grubtech.com/

Software Category: SaaS Integration and Commerce