Growdash, a UAE-based startup that empowers restaurants to build and execute profitable online growth strategies, closed $750,000 in pre-seed funding.
The round was led by Flat6Labs, with participation from Plus Venture Capital (+VC), Judah VC, TPN Investments, and a group of notable angel investors, such as former Talabat CEO Abdulhamid Alomar and serial entrepreneur Zeid Husban.
The funding will be used by Growdash to hire new talent, enhance its proprietary capabilities with advanced, innovative features, and expand its services across the wider region.
“We are excited to partner with Flat6Labs and Plus Venture Capital, alongside a super-group of F&B industry-focused investors that continue to support and encourage our ambitious plans on a daily basis,” said Sean Trevaskis, Co-Founder & CEO of Growdash.
“We’re proud to have grown by over 500% this year, so far, which truly validates the problem we are solving for restaurants. This funding will help us further accelerate our growth and achieve our goal of empowering restaurants everywhere to stand out in the highly competitive online food delivery landscape.”
Growdash has developed a purpose-built, in-house Software-as-a-Service (SaaS) solution. The platform connects the data points across a restaurant's pre- and post-order journey, providing valuable analytics and business intelligence. By leveraging this data, Growdash helps restaurants make informed decisions and execute growth strategies that positively impact their bottom-line profitability.
Currently operating in the UAE and Kuwait, the company plans to launch its SaaS offering in Qatar and Saudi Arabia later this year. In early 2024, Growdash aims to make further inroads into the wider region.
Company: Growdash
Raised: $.75
Round: Pre-Seed Round
Funding Month: July 2023
Lead Investors: Flat6Labs
Additional Investors: Plus Venture Capital (+VC), Judah VC, TPN Investments, Abdulhamid Alomar and Zeid Husban
Company Website: https://www.mygrowdash.com/
Software Category: Restaurant Analytics and Business Intelligence platform
About the Company: Founded in 2022 by Sean Trevaskis and Enver Sorkun, Growdash is a cloud-based software platform designed to help restaurants succeed. Growdash enables restaurants to manage marketing spend, create data-driven online campaigns, and therefore maintain engagement with their customers. The company’s mission is to help restaurants unlock the power of analytics and business intelligence to enable them to build and execute growth strategies that positively impact bottom-line profitability.
Source: https://www.wamda.com/2023/07/uae-growdash-secures-750000-pre-seed-funding-support-gcc-expansion