F&B Startup Watermelon Ecosystem Raises $4 Million Series A Funding
The startup’s tools allow F&B industry members in the UAE to foster robust connections across the supply chain.
UAE-based F&B startup Watermelon Ecosystem has closed a $4 million Series A funding round led by prominent investors, with Daman Investments acting as exclusive Fundraising Advisor. Following the latest funding, Watermelon Ecosystem now has a post-money valuation of $29 million.
The injection of capital will be used to accelerate local and regional growth, whilst also allowing Watermelon Ecosystem to enhance its tech offerings and expand its market presence. Through its comprehensive all-in-one ecosystem, the startup looks to boost efficiency, transparency and sustainability for its clients in the F&B industry.
“We are thrilled to have the support of our esteemed investors and advisors as we embark on the next phase of our growth journey,” Omar AlShamsi, CEO of Watermelon Ecosystem, tells StartupScene. “This investment will allow us to scale our operations, enhance our product suite, and continue delivering exceptional value to our clients in the F&B sector.”
Watermelon Ecosystem’s tech-powered solutions and financial tools empower F&B industry members in the UAE to foster robust connections across the supply chain, enhancing operational capabilities. For now, Watermelon continues to focus on local growth and development, ensuring that its success translates into tangible benefits for its clients, as well as partners and stakeholders.
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