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Founded Year

2014

Stage

Series C | Alive

Total Raised

$198M

Last Raised

$170M | 2 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-33 points in the past 30 days

About Foodics

Foodics specializes in restaurant operations and payment technology, offering a suite of software solutions for the food and beverage industry. The company provides a cloud-based point of sale (POS) and restaurant management system designed to streamline operations, along with various tools for payment processing, order management, and customer engagement. Foodics' ecosystem includes solutions for self-ordering, table payments via QR codes, waiter performance apps, and kitchen display systems to enhance efficiency and profitability. It was founded in 2014 and is based in Riyadh, Saudi Arabia.

Headquarters Location

Imam Saud Bin Faisal Road Binayat Center, 2nd floor

Riyadh, 13515,

Saudi Arabia

800 1000 119

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ESPs containing Foodics

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Food & Grocery Tech

The restaurant point-of-sale (POS) systems market includes software and hardware payment solutions designed specifically for the restaurant industry. These POS systems facilitate efficient order management, payment processing, inventory tracking, and customer relationship management (CRM), helping restaurants streamline their operations, improve order accuracy, and enhance overall service quality.

Foodics named as Leader among 15 other companies, including Block, Lightspeed, and Toast.

Foodics's Products & Differentiators

    Foodics Accounting

    Foodics Accounting is a comprehensive financial management solution tailored for restaurants. It automates accounting processes by syncing sales, tracking expenses, and managing payroll with ease. The platform offers features such as multi-brand management and eliminates manual data entry, allowing restaurants to streamline their financial operations efficiently

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Research containing Foodics

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Foodics in 2 CB Insights research briefs, most recently on May 10, 2022.

Expert Collections containing Foodics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Foodics is included in 4 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

1,075 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.

P

Payments

3,033 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

F

Fintech

13,396 items

Excludes US-based companies

F

Fintech 100

249 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

Latest Foodics News

Foodics in Egypt introduces Foodics Folks Initiative for valuable training for youth in the industry

Sep 1, 2024

In partnership with renowned restaurants Press Release PHOTO Cairo: Foodics, the leading provider of restaurant management and financial tech solutions in the MENA region, announced the launch of the Foodics Folks Initiative. This pioneering summer training program is designed to offer valuable training opportunities for young individuals aged 18 to 21, helping them enhance their skills in the F&B industry. Foodics Folks initiative demonstrates the company’s genuine interest in increasing its involvement in social responsibility. It underscores its strong commitment to supporting the youth, fostering their skill development, and its ongoing efforts to contribute to workforce development in Egypt – ultimately enhancing job opportunities for young individuals. The initiative, which began in August, ran for a month at several restaurants and cafes in Cairo and the North Coast. During this time, participants were given the valuable opportunity to receive hands-on training in Foodics’ diverse restaurant management systems, in collaboration with Tortina, Caizo, Vasko, Nathan’s, Mo’s The Hangout Spot ,Hola Tacos, Arabica and Big Daddy. Additionally, a series of challenges and assessments were organized to help trainees develop a variety of new skills. Belal Zahran, General Manager of Foodics in Egypt, said: “Foodics Folks initiative seeks to improve efficiency and productivity in the F&B industry by training and qualifying a large number of young individuals. To achieve this, we collaborated with leading figures in the F&B sector to offer practical training experiences. This allows participants to gain insight into restaurant management operations, and forge important professional connections. Foodics Systems are user-friendly thanks to technology advancements, enabling trainees to become quickly and effectively proficient, thereby boosting their workplace efficiency.” Zahran added: “Our goal is to equip young individuals with professional qualifications through scientific and hands-on training, enabling them to secure excellent job opportunities in the F&B industry. We also aim to assist them in launching their own businesses and gaining comprehensive knowledge about the F&B sector. In a nutshell, this initiative emphasizes offering participants meaningful experiences in a genuine professional setting.” It is worth noting that Foodics in Egypt has also partnered with iCareer, which is a platform dedicated to providing career guidance and training for young individuals. Together, they aim to enhance the career prospects of various groups, including residents in Egypt. They will offer a series of training sessions and workshops designed to develop both personal and practical skills, ultimately contributing to the creation of a skilled workforce that is prepared for immediate employment. Send us your press releases to  pressrelease.zawya@lseg.com Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages. © ZAWYA 2024 ZAWYA NEWSLETTERS Get insights and exclusive content from the world of business and finance that you can trust, delivered to your inbox. Subscribe to our newsletters:

Foodics Frequently Asked Questions (FAQ)

  • When was Foodics founded?

    Foodics was founded in 2014.

  • Where is Foodics's headquarters?

    Foodics's headquarters is located at Imam Saud Bin Faisal Road, Riyadh.

  • What is Foodics's latest funding round?

    Foodics's latest funding round is Series C.

  • How much did Foodics raise?

    Foodics raised a total of $198M.

  • Who are the investors of Foodics?

    Investors of Foodics include Sanabil Investments, Endeavor, STV, Peak XV Partners, Prosus Ventures and 13 more.

  • Who are Foodics's competitors?

    Competitors of Foodics include Revel Systems, FoodStory, Tripleseat, Lunchbox, PetPooja and 7 more.

  • What products does Foodics offer?

    Foodics's products include Foodics Accounting and 4 more.

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Compare Foodics to Competitors

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TouchBistro

TouchBistro is a company that focuses on providing an all-in-one point of sale (POS) and restaurant management system in the restaurant industry. The company offers a range of services including front of house, back of house, and guest engagement solutions, which help restaurateurs streamline their operations, manage their menu, sales, staff, and more. These services are designed to increase sales, improve guest experiences, and save time and money. It was founded in 2011 and is based in Toronto, Ontario.

Lavu Logo
Lavu

Lavu is a technology company that operates in the restaurant management sector. The company provides a cloud-based iPad point of sale system that offers functionalities such as invoice management, contactless payments and ordering, online ordering, and payment processing. Lavu primarily serves the food and beverage industry, catering to different types of restaurants including quick service, fast casual, full service, and more. It was founded in 2010 and is based in Albuquerque, New Mexico.

Lunchbox Logo
Lunchbox

Lunchbox is a technology company focused on modernizing order management and B2B catering for the restaurant industry. The company offers a suite of products that enable app and web ordering, loyalty programs, marketing, and order aggregation to help restaurant chains increase their online revenue and enhance guest engagement. Lunchbox primarily serves enterprise restaurant operations, providing scalable solutions to streamline their digital growth strategy. It was founded in 2019 and is based in New York, New York.

Stripe Logo
Stripe

Stripe operates as a technology company that specializes in online payment processing and financial infrastructure for Internet businesses. The company provides a suite of products that enable businesses to accept payments, manage billing and subscriptions, handle in-person transactions, and integrate various financial services into their operations. Its platform is designed to support startups, enterprises, and everything in between with scalable, API-driven solutions. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.

C
Computer Perfect

Computer Perfect specializes in retail point of sale solutions and operates within the technology sector, providing a suite of services that cater to retail businesses. Their main offerings include a cloud-based point of sale system that ensures fast transaction processing and real-time inventory management, along with e-commerce integration and digital marketing tools designed to enhance retail operations. The company's products are primarily utilized by various retail sectors such as wine and spirits stores, beauty supplies stores, and pet shops. It was founded in 1989 and is based in New Rochelle, New York.

Aigens Logo
Aigens

Aigens is a technology company focused on the food and beverage and hospitality industries. The company offers a range of services including digital ordering systems, customer loyalty and marketing programs, and data analytics tools. These services primarily cater to the hospitality sector. It was founded in 2012 and is based in Singapore.

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