Foodics’ $170 Million Financing Round

In UK Orrick Herrington & Sutcliffe LLP, advised on the matter.

Orrick Herrington & Sutcliffe LLP advised Foodics with a team including Christopher Grew (Picture – Corporate M&A).

Foodics, a cloud-based technology and payments platform for restaurants in the MENA region, announced its $170 million Series C funding round. This is the largest SaaS Series C round in the MENA region.

Led by Prosus and Sanabil Investments, the round also included Sequoia Capital India, STV and Endeavor Catalyst. Foodics will use the proceeds to launch and scale initiatives around fintech, micro-lending and supply chain management.

The Orrick team advising Foodics was led by Chris Grew (Picture) and includes Nicholas Hayes, James Badge, Kristy Hart and Taylor Brien.

Involved fees earner: James Badge – Orrick Herrington & Sutcliffe LLP; Christopher Grew – Orrick Herrington & Sutcliffe LLP; Kristy Hart – Orrick Herrington & Sutcliffe LLP; Nicholas Hayes – Orrick Herrington & Sutcliffe LLP;

Law Firms: Orrick Herrington & Sutcliffe LLP;

Clients: Foodics;

Author: Giulia Di Palma