Funding round
Kitopi Series C
Kitopi, which works in food and beverage retail in United Arab Emirates, raised $415M in a Series C round announced on 1 Jul 2021, led by SoftBank Vision Fund and SoftBank. 9 firms took part. It is Kitopi's third venture round on record; the one before was a Series B in Feb 2020.
$415M
Amount raised
Not disclosed
Post-money valuation
9
Investors
2 leads
Valuation
What this round says about the price
Kitopi did not disclose a valuation in this round. It came 17 months after Kitopi's Series B. It is 75% of the $552M Kitopi has raised in the venture rounds on record. Kitopi raised again 55 months later: a Growth round of $50M in Feb 2026.
Kitopi's funding rounds
Kitopi has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
SoftBank Vision Fund and SoftBank led the round with 7 other firms.
Lead investors
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- SoftBank
Also in the round
- backs 6 venture-backed companies new investor
- DisruptAD new investor
- B. Riley new investor
- Dogus Group new investor
- Next Play Capital new investor
- backs 15 venture-backed companies new investor
- Doğuş Group
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Redwood Materials Batteries | 28 Jul 2021 | $700M | $3.70B | T. Rowe Price Associates, Inc. |
| Nature's Fynd Food Production | 19 Jul 2021 | $350M | $1.00B | SoftBank Vision Fund |
| Tech Companies | 7 Jul 2021 | $235M | not disclosed | not named |
| Medical Supply Manufacturers | 29 Jul 2021 | $220M | not disclosed | RA Capital |
| Neuralink Medical Supply Manufacturers | 29 Jul 2021 | $205M | not disclosed | Vy Capital |
| Tech Companies | 27 Jul 2021 | $200M | not disclosed | SoftBank Vision Fund |
| Biotechnology | 28 Jul 2021 | $180M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 21 Jul 2021 | $180M | not disclosed | Temasek |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Kitopi raise in its Series C round?
Kitopi raised $415M in its Series C round, announced in Jul 2021.
Who led Kitopi's Series C round?
SoftBank Vision Fund and SoftBank led it, with Chimera VC, DisruptAD, B. Riley, Dogus Group and Next Play Capital and 2 more.
What was Kitopi's valuation at the Series C round?
It was not disclosed.
Did Kitopi raise again after this round?
Yes: a Growth round in Feb 2026 of $50M.