By: Mohammed Shabani

Supy, UAE- based B2B food company, has announced that it has raised more than $8 million in a seed funding round, from BECO capital with many participations include Valia Ventures, COTU ventures, Global Ventures and AMK investment Office. According to the founders The fresh funds will be used to improve its technology, as well as strengthen its product offering, scale- out its Sadia Arabia presence, and launch its settlement and payment solution to help suppliers reconcile invoices while allowing restaurants to better manage their payables and cash flow.

Supy in brief

Supy was co-founded in February 2021 by Dani El-Zein and Ibrahim Bou Ncoula, and works on digitizing the communication process between restaurants and suppliers.

Their software is available on web and mobile and helps restaurants improve profit margins by providing them with insights on their purchasing trends at both an ingredient level and a supplier level.

Supy Aiming to reach Global

In his comment on the lasts funding round, Dani El-Zein, Co-Founder and CEO of Supy said “We are on a mission to become a global leader in this space, and our growth since our pre-seed funding round is a testament that we are on track with the right set of partners” and about his company new aim to reach to the Saudi Arabia market, He said “KSA is the perfect location for our first international expansion outside the UAE and into the global market. Supy was created to solve a crucial problem for one of the most dynamic industries, and we can’t wait to expand our software offerings to our customer base”.

source: News