Dubai’s Growdash Raises $1.8 Million in Seed Funding
The newly secured funds will fuel Growdash's expansion plans, particularly to tap into the Saudi Arabian market later this year.
Dubai-based restaurant analytics and business intelligence startup Growdash has closed a Seed funding round, securing $1.8 million in investment led by Oryx Fund, a MENA-focused investment fund from Hambro Perks, and Oraseya Capital, the venture capital arm of Dubai Integrated Economic Zones Authority (DIEZ).[1]
Founded in 2022 by former Talabat employees Sean Trevaskis and Enver Sorkun, Growdash specializes in providing a purpose-built SaaS platform tailored to help restaurant marketing and operational teams execute profitable growth strategies across digital sales channels. The startup’s clientele comprised over 300 restaurant brands across 4000 locations in the UAE, Kuwait, and Qatar.
The newly secured funds will fuel Growdash's expansion plans, particularly to tap into the Saudi Arabian market later this year.
Dubai Integrated Economic Zones’ (DIEZ) has launched the AED 500 mn ($136 mn) venture capital fund Oraseya Capital for tech businesses, which was announced last April, in a press release. DIEZ-backed Oraseya Capital was launched to support the growth of tech-enabled businesses and drive innovation. Oraseya will provide companies with resources and guidance as well as foster collaboration between innovators and entrepreneurs, supporting pre-VC stage startups until Series B funding rounds.