UAE-based cloud kitchens platform Kitopi has secured $50 million in growth capital in a round led by EvolutionX, the private credit platform backed by Temasek and DBS Bank. The funding comes after Kitopi reached profitability and will be used to scale its homegrown brands across the GCC while accelerating regional and international franchising plans.
Founded in 2018, Kitopi operates more than 200 outlets across the UAE, Saudi Arabia, Qatar, Bahrain, and Kuwait. The company combines technology, data, and hospitality through its in-house SKOS platform to power its next-generation F&B ecosystem.
The investment marks EvolutionX’s first entry into the GCC and reflects its strategy to provide flexible, less-dilutive capital to high-growth, tech-enabled companies. Kitopi previously raised $715 million in its extended Series C round in 2022.
