Jumla Club Closes a Pre-Series A Round of Financing

Funding 1 year ago - Mon, Feb 25, 2019, 12:33 PM

Jumla Club Closes a Pre-Series A Round of Financing
Author: MAGNiTT

By Medium

 

SOURCE: Medium - Jumla Club Closes a Pre-Series A Round of Financing


KUWAIT — Jumla Club, the pioneer in advancing the technology and logistics in the foodservice industry, has closed a Pre-Series A round of financing at a $10 million post-money valuation. The funding came from a GCC-based angel investor.

The investment aims to finance the development of Jumla Club in Kuwait and to enhance its leading performance as the only techno-logistic platform targeting the hospitality and foodservice sector in the region.

“The company’s outstanding performance since its launch has led to this jump in valuation and in attracting investors from outside Kuwait,” said Yousuf Al Marzook, Cofounder of Jumla Club. “Local companies and international manufacturers now show strong interest in developing their business through Jumla Club.”

Proud of this new partnership, Al Marzook is looking forward to achieving more successes in the future.

 

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