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Growdash raises $1.8 million in seed round led by Oryx Fund and Oraseya Capital

May 30, 2024over 1 year ago

Amount Raised

$1.8 Million

Round Type

seed

DubaiHospitalitySaasSoftware

Investors

Abdullah MohamadMohamed ZourobAngel SparkGcc AngelsTpn InvestmentsOraseya CapitalOryx Fund

Description

Dubai based Growdash has successfully raised AED6.8 million (US$1.8 million) in seed funding. The funding round was led by Oryx Fund and Oraseya Capital, and the company plans to accelerate its product roadmap and expand its technology to the Kingdom of Saudi Arabia and Central Eastern Europe.

Company Information

Company

Growdash

Location

Dubai, Dubai, United Arab Emirates

About

Growdash is a purpose-built SaaS platform based in Dubai, UAE, that enables restaurant marketing and operational teams to build, execute, and manage profitable growth strategies across digital sales channels. It was launched in 2022 and works with over 300 restaurant brands across 4000 locations in the UAE, Kuwait, and Qatar.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers