Funding round
Kitopi Series A
Kitopi, which works in food and beverage retail in United Arab Emirates, raised $27M in a Series A round announced on 1 Nov 2018. It is Kitopi's first venture round on record.
$27M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Kitopi did not disclose a valuation in this round. It is Kitopi's first venture round on record, in the year it was founded (2018). It is 4.9% of the $552M Kitopi has raised in the venture rounds on record. Kitopi raised again 15 months later: a Series B round of $60M in Feb 2020.
Kitopi's funding rounds
Kitopi has 4 venture rounds on record. This one is highlighted.
Comparable rounds
How it compares
The closest in time: 1 in Restaurants, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Restaurants | 27 Jun 2019 | $8.0M | not disclosed | Battery Ventures |
| Preferred Apartment Communities Real Estate Rental | 1 Nov 2018 | $1.50B | not disclosed | not named |
| Automation Anywhere Tech Companies | 15 Nov 2018 | $300M | $2.60B | not named |
| Tech Companies | 27 Nov 2018 | $60M | not disclosed | Jungle Ventures |
| Voi Bicycle Rental Services | 18 Nov 2018 | $50M | not disclosed | Balderton Capital |
| Pharmaceutical Products | 15 Nov 2018 | $42M | not disclosed | V-Bio Ventures and Gimv |
| Software Development Services | 15 Nov 2018 | $40M | not disclosed | Initialized |
| Pharmaceutical Products | 27 Nov 2018 | $25M | not disclosed | Lumira Ventures and Domain Associates |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Kitopi raise in its Series A round?
Kitopi raised $27M in its Series A round, announced in Nov 2018.
What was Kitopi's valuation at the Series A round?
It was not disclosed.
Did Kitopi raise again after this round?
Yes: a Series B round in Feb 2020 of $60M.