Kitopi announced today the completion of its $415 million, Series C funding round. The round was led by Softbank Vision Fund 2, with participation from Chimera, DisruptAD, B. Riley, Dogus Group, Next Play Capital and Nordstar.

Kitopi will channel the new funding to fuel its continued expansion within the Middle East and support entry to new markets such as Southeast Asia, which has a highly attractive and fast-growing online food delivery market. Kitopi will also continue to innovate and expand its tech stack, grow its strategic restaurant partnerships and build a best-in-class team across the organization.

This round marks SoftBank Vision Fund 2’s first investment in a UAE-headquartered company.

Kitopi, which stands for Kitchen Utopia, was founded in January 2018 by Mohamad Ballout (CEO), Saman Darkan (Chief Technology Officer), Bader Ataya (Chief Growth Officer) and Andy Arenas (Chief Property Officer), with a mission to satisfy the world’s appetite. Headquartered in Dubai, UAE, Kitopi currently has over 2500 Kitopians (colleagues) in its 4 markets, in addition to Krakow, Poland where its engineering hub is located and its global CX center in Dubai.

Kitopi operates 60+ cloud kitchens across the UAE, KSA, Kuwait and more recently, Bahrain. It partners with restaurants and F&B brands, enabling them to expand their reach through its kitchens, in as little as 14 days.