Watermelon, a food industry technology start-up, collaborates with Daman Investments to secure $4mln in series-a funding
Summary
United Arab Emirates Watermelon Ecosystem, a fast-growing startup revolutionizing the F&B industry, announces the successful closure of its $4 million Series A funding round, placing the new investors at a 13.8% capital shareholding, implying a post-money valuation of $29 for the company. "We are thrilled to have the support of our esteemed investors and advisers as we embark on the next phase of our growth journey," said Mr. Omar AlShamsi, CEO of Watermelon Ecosystem. "Watermelon has been instrumental in transforming the F&B industry by providing cutting-edge technological solutions and financial tools that drive operational excellence and foster robust connections across the supply chain. With a strategic focus on innovation & growth, Watermelon is poised to be part of this dynamic landscape, leveraging the UAEs supportive environment to disrupt the food tech industry.Watermelon Ecosystem bridges the gap between suppliers and F&B outlets through e-procurement, financial solutions, SaaS, marketplace platforms, and more. Over the past twenty-five years, Daman has continually reshaped the financial landscape, providing innovative and tailored investment strategies that exceed client expectations.For media inquiries, please contact: Tatiana Cirstea Head of Marketing Watermelon Ecosystem tia@watermelon.market watermelon.market