Kitopi valuation, funding and investors

Kitopi works in food and beverage retail, based in Dubai, United Arab Emirates. Founded in 2018, it has about 3,900 employees.

Growth Equity

VALUATION · TODAY

$917M +2% after Growth

Range $303M – $1.44B · Grade C

TODAY

+12 MO

$2.00B

$4.00B

$6.00B

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series A $27.2M

Series B $60.0M

Series C $415M

Growth $50.0M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY3,895 employees

+7%6m growth

+15%1y growth

+44%2y growth

2,500

5,000

Data from Jan 2021

TODAY

Predicted in 1 yr $932M +2% vs today

Predicted next raise $55.8M if a round comes

Winding-down probability 0%

Last round: Growth · $50.0M · Feb 2026
Valuation at last round: $455M · implied
Headcount: 3,895 · up
Grade: C
Founded: 2018

How VCMC values companies →

Kitopi valuation today

VCMC values Kitopi at $917M today, with a range of $303M to $1.4B and a grade of C. The valuation starts from its last funding round, a growth round in Feb 2026.

Valuation by date (111 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Kitopi: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2018	$4.55M	$1.66M – $12.5M	$6.24M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$4.67M	$1.70M – $12.8M	$6.41M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$4.79M	$1.74M – $13.2M	$6.56M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$4.92M	$1.79M – $13.5M	$6.74M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$5.05M	$1.84M – $13.9M	$6.92M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$5.18M	$1.89M – $14.2M	$7.11M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$5.32M	$1.94M – $14.6M	$7.29M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$5.46M	$1.99M – $15.0M	$7.37M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$5.61M	$2.04M – $15.4M	$7.43M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$5.76M	$2.10M – $15.8M	$7.50M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$124M	$81.4M – $339M	$223M (+80%)	after a round	–	unknown	C	0%
2 Nov 2018	$124M	$81.4M – $339M	$223M (+80%)	after a round	–	unknown	C	0%
1 Dec 2018	$130M	$81.4M – $339M	$223M (+72%)	after a round	–	unknown	C	0%
1 Jan 2019	$137M	$81.4M – $339M	$223M (+63%)	after a round	–	unknown	C	0%
1 Feb 2019	$144M	$81.4M – $339M	$223M (+55%)	after a round	–	unknown	C	0%
1 Mar 2019	$150M	$81.4M – $339M	$223M (+48%)	after a round	–	unknown	C	0%
1 Apr 2019	$158M	$81.4M – $339M	$223M (+41%)	after a round	–	unknown	C	0%
1 May 2019	$166M	$81.4M – $339M	$223M (+35%)	after a round	–	unknown	C	0%
1 Jun 2019	$174M	$81.4M – $339M	$223M (+28%)	after a round	–	unknown	C	0%
1 Jul 2019	$183M	$81.4M – $339M	$223M (+22%)	after a round	–	unknown	C	0%
1 Aug 2019	$192M	$81.4M – $339M	$223M (+16%)	after a round	–	unknown	C	0%
1 Sep 2019	$202M	$81.4M – $339M	$223M (+10%)	after a round	–	unknown	C	0%
1 Oct 2019	$212M	$81.4M – $339M	$223M (+5%)	after a round	–	unknown	C	0%
1 Nov 2019	$223M	$81.4M – $339M	$223M (0%)	after a round	–	unknown	C	0%
1 Dec 2019	$223M	$77.5M – $339M	$223M (0%)	after a round	–	unknown	C	0%
1 Jan 2020	$223M	$73.7M – $339M	$223M (0%)	after a round	–	unknown	C	0%
1 Feb 2020	$223M	$70.0M – $339M	$223M (0%)	after a round	–	unknown	C	0%
4 Feb 2020	$308M	$217M – $655M	$462M (+50%)	after a round	–	unknown	B	0%
1 Mar 2020	$317M	$217M – $655M	$462M (+46%)	after a round	–	unknown	B	0%
1 Apr 2020	$328M	$217M – $655M	$462M (+41%)	after a round	–	unknown	B	0%
1 May 2020	$339M	$217M – $655M	$462M (+36%)	after a round	–	unknown	B	0%
1 Jun 2020	$351M	$217M – $655M	$462M (+31%)	after a round	–	unknown	B	0%
1 Jul 2020	$363M	$217M – $655M	$462M (+27%)	after a round	–	unknown	B	0%
1 Aug 2020	$376M	$217M – $655M	$462M (+23%)	after a round	–	unknown	B	0%
1 Sep 2020	$389M	$217M – $655M	$462M (+19%)	after a round	–	unknown	B	0%
1 Oct 2020	$402M	$217M – $655M	$462M (+15%)	after a round	–	unknown	B	0%
1 Nov 2020	$416M	$217M – $655M	$462M (+11%)	after a round	–	unknown	B	0%
1 Dec 2020	$430M	$217M – $655M	$462M (+7%)	after a round	–	unknown	B	0%
1 Jan 2021	$445M	$217M – $655M	$462M (+4%)	after a round	320	unknown	B	0%
1 Feb 2021	$461M	$217M – $655M	$462M (0%)	after a round	320	unknown	B	0%
1 Mar 2021	$462M	$209M – $655M	$462M (0%)	after a round	320	unknown	B	0%
1 Apr 2021	$462M	$200M – $655M	$462M (0%)	after a round	320	flat	B	0%
1 May 2021	$462M	$191M – $655M	$462M (0%)	after a round	320	flat	C	0%
1 Jun 2021	$462M	$183M – $655M	$462M (0%)	after a round	320	flat	C	0%
1 Jul 2021	$1.9B	$1.3B – $3.4B	$2.4B (+30%)	after a round	320	flat	B	0%
2 Jul 2021	$1.9B	$1.3B – $3.4B	$2.4B (+30%)	after a round	320	flat	B	0%
1 Aug 2021	$1.9B	$1.3B – $3.4B	$2.4B (+27%)	after a round	320	flat	B	0%
1 Sep 2021	$2.0B	$1.3B – $3.4B	$2.4B (+24%)	after a round	320	flat	B	0%
1 Oct 2021	$2.0B	$1.3B – $3.4B	$2.4B (+22%)	after a round	320	flat	B	0%
1 Nov 2021	$2.0B	$1.3B – $3.4B	$2.4B (+19%)	after a round	320	flat	B	0%
1 Dec 2021	$2.1B	$1.3B – $3.4B	$2.4B (+16%)	after a round	320	flat	B	0%
1 Jan 2022	$2.1B	$1.3B – $3.4B	$2.4B (+14%)	after a round	320	flat	B	0%
1 Feb 2022	$2.2B	$1.3B – $3.4B	$2.4B (+11%)	after a round	320	flat	B	0%
1 Mar 2022	$2.2B	$1.3B – $3.4B	$2.4B (+9%)	after a round	320	flat	B	0%
1 Apr 2022	$2.9B	$1.8B – $4.7B	$3.3B (+15%)	after a round	1,300	growing	B	0%
1 May 2022	$3.0B	$1.8B – $4.7B	$3.3B (+10%)	after a round	1,300	growing	B	0%
1 Jun 2022	$3.2B	$1.8B – $4.7B	$3.3B (+5%)	after a round	1,300	growing	B	0%
1 Jul 2022	$3.3B	$1.8B – $4.7B	$3.3B (0%)	after a round	1,300	growing	B	0%
1 Aug 2022	$3.3B	$1.8B – $4.7B	$3.3B (0%)	after a round	1,300	growing	B	0%
1 Sep 2022	$3.3B	$1.8B – $4.7B	$3.3B (0%)	after a round	1,300	growing	B	0%
1 Oct 2022	$3.3B	$1.8B – $4.7B	$3.3B (0%)	after a round	1,300	growing	B	0%
1 Nov 2022	$3.3B	$1.5B – $4.7B	$3.3B (0%)	after a round	1,300	unknown	B	0%
1 Dec 2022	$3.3B	$1.4B – $4.7B	$3.3B (0%)	after a round	1,300	unknown	B	0%
1 Jan 2023	$3.3B	$1.4B – $4.7B	$3.3B (0%)	after a round	1,300	unknown	C	0%
1 Feb 2023	$3.3B	$1.3B – $4.7B	$3.3B (0%)	after a round	1,300	unknown	C	0%
1 Mar 2023	$3.3B	$1.2B – $4.7B	$3.3B (0%)	after a round	1,300	unknown	C	0%
1 Apr 2023	$3.6B	$2.1B – $5.2B	$3.6B (0%)	after a round	2,000	growing	B	0%
1 May 2023	$3.6B	$2.1B – $5.2B	$3.6B (0%)	after a round	2,000	growing	B	0%
1 Jun 2023	$3.6B	$2.1B – $5.2B	$3.6B (0%)	after a round	2,000	growing	B	0%
1 Jul 2023	$3.6B	$2.1B – $5.2B	$3.6B (0%)	after a round	2,000	growing	B	0%
1 Aug 2023	$3.6B	$2.0B – $5.2B	$3.6B (0%)	after a round	2,000	growing	B	0%
1 Sep 2023	$3.6B	$2.0B – $5.2B	$3.6B (0%)	after a round	2,000	growing	B	0%
1 Oct 2023	$3.7B	$2.0B – $5.3B	$3.7B (0%)	after a round	2,200	growing	B	0%
1 Nov 2023	$3.7B	$902M – $5.3B	$3.6B (-2%)	after a round	2,200	flat	C	0%
1 Dec 2023	$3.7B	$859M – $5.3B	$3.6B (-3%)	after a round	2,200	flat	C	0%
1 Jan 2024	$3.7B	$816M – $5.3B	$3.6B (-3%)	after a round	2,200	flat	C	0%
1 Feb 2024	$3.7B	$776M – $5.3B	$3.6B (-4%)	after a round	2,200	flat	C	0%
1 Mar 2024	$3.8B	$1.4B – $5.4B	$3.7B (-3%)	after a round	2,400	up	C	0%
1 Apr 2024	$3.8B	$1.4B – $5.4B	$3.7B (-3%)	after a round	2,400	up	C	0%
1 May 2024	$3.8B	$1.4B – $5.4B	$3.7B (-3%)	after a round	2,400	up	C	0%
1 Jun 2024	$3.8B	$1.3B – $5.4B	$3.6B (-4%)	after a round	2,400	up	C	0%
1 Jul 2024	$3.9B	$1.9B – $5.5B	$3.9B (0%)	after a round	2,700	growing	B	0%
1 Aug 2024	$3.9B	$1.9B – $5.5B	$3.9B (0%)	after a round	2,700	growing	B	0%
1 Sep 2024	$3.9B	$1.8B – $5.5B	$3.9B (0%)	after a round	2,700	growing	B	0%
1 Oct 2024	$3.9B	$1.8B – $5.5B	$3.9B (0%)	after a round	2,700	growing	B	0%
1 Nov 2024	$3.9B	$945M – $5.5B	$3.8B (-1%)	after a round	2,800	up	C	0%
1 Dec 2024	$3.9B	$915M – $5.5B	$3.8B (-1%)	after a round	2,800	up	C	0%
1 Jan 2025	$3.9B	$886M – $5.5B	$3.8B (-1%)	after a round	2,800	up	C	0%
1 Feb 2025	$3.9B	$857M – $5.5B	$3.8B (-1%)	after a round	2,800	up	C	0%
1 Mar 2025	$3.9B	$832M – $5.5B	$3.8B (-1%)	after a round	2,800	up	C	0%
1 Apr 2025	$3.9B	$805M – $5.5B	$3.8B (-1%)	after a round	2,800	up	C	0%
1 May 2025	$3.8B	$780M – $5.3B	$3.6B (-5%)	after a round	2,800	up	C	0%
1 Jun 2025	$3.7B	$755M – $5.3B	$3.6B (-5%)	after a round	2,800	up	C	0%
1 Jul 2025	$4.1B	$1.5B – $5.8B	$4.1B (0%)	after a round	3,308	growing	C	0%
1 Aug 2025	$4.1B	$1.5B – $5.8B	$4.1B (0%)	after a round	3,395	growing	C	0%
1 Sep 2025	$4.1B	$1.5B – $5.8B	$4.1B (0%)	after a round	3,395	growing	C	0%
1 Oct 2025	$4.0B	$563M – $5.6B	$3.9B (-2%)	after a round	3,395	up	D	0%
1 Nov 2025	$4.1B	$547M – $5.8B	$4.1B (0%)	after a round	3,522	up	D	0%
1 Dec 2025	$4.1B	$528M – $5.8B	$4.1B (0%)	after a round	3,522	up	D	0%
1 Jan 2026	$4.1B	$508M – $5.8B	$4.1B (0%)	after a round	3,522	up	D	0%
1 Feb 2026	$4.1B	$489M – $5.8B	$4.0B (-1%)	after a round	3,522	up	D	0%
10 Feb 2026	$455M	$299M – $762M	$501M (+10%)	after a round	3,522	up	B	0%
1 Mar 2026	$458M	$299M – $762M	$501M (+9%)	after a round	3,655	up	B	0%
1 Apr 2026	$461M	$299M – $762M	$501M (+9%)	after a round	3,655	up	B	0%
1 May 2026	$465M	$300M – $765M	$503M (+8%)	after a round	3,711	up	B	0%
1 Jun 2026	$469M	$300M – $765M	$503M (+7%)	after a round	3,711	up	B	0%
1 Jul 2026	$474M	$301M – $767M	$504M (+6%)	after a round	3,749	up	B	0%
1 Aug 2026	$478M	$301M – $767M	$504M (+5%)	after a round	3,749	up	B	0%
1 Sep 2026	$483M	$302M – $770M	$506M (+5%)	after a round	3,822	up	B	0%
1 Oct 2026	$488M	$303M – $773M	$508M (+4%)	after a round	3,895	up	B	0%
24 Oct 2026	$917M	$303M – $1.4B	$932M (+2%)	after a round	3,895	up	C	0%

Key facts about Kitopi

Founded: 2018
Headquarters: Dubai, United Arab Emirates
Employees: about 3,900 +11% in a year
Total raised: $552M
Funding rounds: 4
Last round: Growth Equity Feb 2026

Kitopi was founded in 2018 by Andy Arenas, Bader Ataya, Mohamad Ballout, Saman Darkan and Sami Bejjani.

Kitopi funding history

Kitopi has 4 funding rounds on record, from Nov 2018 to Feb 2026, $552M in total. None disclosed a valuation.

Growth Equity 9 Feb 2026
Led by EvolutionX Debt Capital.
Sources: dxbstart.com, uaestartupstory.com, agfundernews.com and 2 more
$50M
Series C 1 Jul 2021
Led by SoftBank Vision Fund, SoftBank; with Chimera VC, DisruptAD, B. Riley, Dogus Group, Next Play Capital, Nordstar, Doğuş Group.
Sources: kitopi.com, mystartupworld.com, agfundernews.com and 2 more
$415M
Series B 3 Feb 2020
Led by Knollwood, Lumia Capital; with BECO Capital, CE-Ventures, GIC, Rise Capital, Reshape Ventures, Global Ventures, MSA Capital, Wilshire Lane Partners.
Sources: kitopi.com, restaurantdive.com, waya.media and 2 more
$60M
Series A 1 Nov 2018
Investors not disclosed.
Sources: dailydropout.fyi
$27M

Kitopi investors

20 investors have backed Kitopi; EvolutionX Debt Capital, Knollwood and Lumia Capital and 2 more led at least one round.

Knollwood lead
SoftBank lead
SoftBank Vision Fund lead
B. Riley
CE-Ventures
DisruptAD
Dogus Group
Doğuş Group
GIC
MSA Capital
Next Play Capital
Wilshire Lane Partners

What Kitopi does

Kitopi works in restaurants, with 15 recorded offerings and customers in food and beverage.

Kitopi is a company based in Dubai, UAE, that operates a food and beverage ecosystem, including restaurants and delivery-only locations, with a focus on homegrown brands from the Middle East. The company manages a network of outlets in the UAE, KSA, Bahrain, Qatar, Kuwait, Poland, and Jordan, and develops proprietary technology solutions for kitchen operations and business management. Kitopi also maintains a technology hub in Krakow, Poland, supporting its technology portfolio and infrastructure.

Description from Veridion's company data.

Products and services

Food and Beverage Retail
Homegrown Brand Discovery and Curation
Dine-In Restaurant Operations
Delivery-Only Outlet Management
Smart Kitchen System Implementation
Kitchen Operations Optimization Services
Personalized Web and Mobile Platform Development
Kitchen Management Software Development
Customer Service Platform Development
Delivery Platform Development
Business Management Tool Development
Food Experience Enhancement Solutions
Regional Food Innovation Services
Food Industry Technology Consulting
Continuous Food Experience Personalization Services

Markets

Food and Beverage

Technology

Smart Kitchen Operating System
Microservice Architecture
Continuous Integration and Deployment Practices

Business model

Business-to-Consumer
Service Provider

Industry codes (NAICS)

722511 Full-Service Restaurants 75% match
541511 Custom Computer Programming Services 25% match

Questions about Kitopi

What is Kitopi worth?

Valuation $917M (range $303M to $1.4B), as of 24 Oct 2026.

Has Kitopi raised money?

Kitopi has 4 funding rounds on record, from Nov 2018 to Feb 2026, $552M in total. None disclosed a valuation.

Who has invested in Kitopi?

EvolutionX Debt Capital, Knollwood, Lumia Capital, SoftBank, SoftBank Vision Fund and B. Riley, and 14 more. Lead investors include EvolutionX Debt Capital, Knollwood, Lumia Capital and SoftBank.

How many people work at Kitopi?

About 3,900, up 11% over the last year. Headcount grew from 320 in Jan 2021 to 3,895 in Sep 2026.

What does Kitopi do?

Kitopi works in restaurants, with 15 recorded offerings and customers in food and beverage. Its main offerings are food and beverage retail, homegrown brand discovery and curation and dine-in restaurant operations.

When was Kitopi founded, and where is it based?

Kitopi was founded in 2018 and is based in Dubai, United Arab Emirates. It has about 3,900 employees, up 11% over the last year.

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