The Egyptian restaurant logistics startup Suplyd has successfully closed a $2 million Pre-Series A funding round. The investment will be used to expand its digital supply platform and build out an integrated digital infrastructure for the food and beverage sector in Egypt.
By the Numbers
- $2 Million: The value of the new Pre-Series A funding round.
- $1.6 Million: The value of the company’s previous Pre-Seed round in December 2022.
- 2022: The year Suplyd was founded.
A Digital Solution for Restaurant Supply Chains
Founded in 2022, Suplyd was created to provide digital solutions for restaurants facing challenges with traditional supply chains, such as irregular suppliers, delivery delays, and a lack of transparency. The company’s platform allows restaurants to manage their daily procurement operations through a single dashboard, which includes inventory tracking, order management, data analysis, and delivery tracking.
Fueling Expansion and Product Development in Egypt
The new capital will be used to expand the company’s operations within Egypt and to develop new tools to improve restaurant efficiency. This is part of a broader strategy to build a digital infrastructure that supports the entire supply chain and operational services for the sector, from ingredients and supplies to tools and equipment, with a focus on reducing waste and lowering costs.
Backed by a Strong Investor Syndicate
The funding round was co-led by 4DX Ventures, Camel Ventures, and Plus VC, with participation from Seedstars and existing investors. This strong backing from a diverse group of regional and international VCs is a significant vote of confidence in Suplyd’s model and its potential to transform the restaurant industry in Egypt.
About Suplyd
Suplyd is an Egyptian technology company that provides a comprehensive digital platform for restaurants to manage their procurement and supply chain operations. The company’s mission is to bring efficiency and transparency to the food and beverage sector through technology.
Looking Ahead
With this new funding, Suplyd is well-positioned to become a key player in the digital transformation of Egypt’s massive restaurant and catering industry. The company’s focus on solving core operational challenges is set to deliver significant value to its clients and drive the next phase of its growth.
Source: Jawlah
