Foodics: The Riyadh Restaurant-Software Company, Its Funding and Its Reported Scale

Foodics is a Riyadh-based company that sells cloud point-of-sale and restaurant-management software. Most sources date its founding to 2014 and name Ahmad Al-Zaini and Mosab Al-Othmani as its founders; one article dates it to 2013. According to Entrepreneur Middle East, the first idea was a digital menu service, which changed when prospective customers asked for a link to their existing point-of-sale systems.

Funding rounds reported

• Series A, 2017: $4 million, led by Raed Ventures and Riyad TAQNIA Fund (Entrepreneur Middle East).
• Series B, 2021: $20 million, led by Sanabil Investments and co-led by STV (Foodics press release; Wamda).
• Series C, 2022: $170 million, reported as co-led by Prosus and Sanabil Investments, taking total funding to about $198 million. We found this in one data source (Multiples) and recommend checking an official announcement before relying on it.

Reported scale

Forbes Middle East reports that Foodics has processed more than six billion orders since 2014, serves more than 30,000 outlets, works with more than 120 marketplace partners and operates in about 35 countries. These are published figures and not independently audited.

What Foodics sells

The company describes its products — cloud point of sale, inventory, payments, accounting and integrations — on its own website. Prices and features change, so we do not list them here.

What we could not confirm

We have not verified the company’s customer-service performance. Ratings on review sites vary and can reflect individual customers, so we do not treat them as a measure of the company.