---
title: "Foodics raises $170m Series C led by Prosus and Sanabil"
url: "https://cicadaconsultancy.online/en/news/foodics-series-c-2022"
language: "en"
event_date: "2022-04-20"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Startups"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# Foodics raises $170m Series C led by Prosus and Sanabil

- Event date: 20 April 2022 (2022-04-20)
- Topic: Startups
- In this story: Foodics, Prosus, Sanabil Investments, STV
- URL: https://cicadaconsultancy.online/en/news/foodics-series-c-2022

Saudi restaurant-technology and fintech platform Foodics closed a $170 million Series C co-led by Prosus and Sanabil Investments, with participation from Sequoia Capital India and existing investors STV and Endeavor Catalyst. The round took total funding to $198 million. Foodics said it would use the capital for regional and international expansion, mergers and acquisitions, and new fintech and micro-lending products.

## Key figures

- round size: $170 m

## Sources

1. [FOODICS raises $170 million Series C round for expansion](https://www.wamda.com/2022/04/foodics-raises-170-million-series-c-round-expansion) — Wamda, 2022-04-20

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

---

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