Creative+ Cloud Kitchens raises $1m in its first funding round

Creative+ Cloud Kitchens raises $1m in its first funding round

Saudi Arabia based Creative+ Cloud Kitchens announced that it raised more than 7.5 million Saudi riyals which accounts to 1 million dollars. This round was led by a group of investment companies and angel investors.

Creative+ Cloud Kitchens was founded in 2021 with the goal of providing a modern and distinctive model of food delivery and delivery through cloud kitchens that combine brands and various options under one roof.

“The rise of the on-demand food delivery market has become a major trajectory in the food and beverage industry, and cloud kitchens are a critical component of this process. The value of Global Cloud Kitchens was worth over $51 billion in 2020, and is expected to increase with an annual growth rate of 12.4% from 2021 to 2028. We at Creative+ aim to be a major player in the Middle East region in general and the Saudi market In particular,” Founder and CEO, Bakr Al Hazimi stated.

The team will use the investment to expand their cloud kitchens to a larger scale and appoint an experienced team to promote growth during the upcoming period.

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