The food and beverage (F&B) industry is being revolutionized by Watermelon Ecosystem, a rapidly growing startup that has closed a $4 million Series A funding round. The company’s post-money valuation is $29 million, with new investors holding 13.8% of the capital shares as a result of this accomplishment.
Prominent investors spearheaded the funding round, with Daman Investments serving as the sole fundraising advisor. Through its Investment Management & Advisory (IMA) division, Daman Investments specializes in offering guidance and assistance to business owners and startups seeking to raise capital at different stages. These stages include growth capital, private equity, venture capital, and debt financing such as structured finance and private credit.
With the $4 million investment, Watermelon intends to improve its technological offerings, increase its market presence, and quicken its growth on the local and regional fronts. With the help of this funding, the company will be able to maintain its leadership position in the F&B sector and further its commitment to improving efficiency, transparency, and sustainability in the sector.
“We are thrilled to have the support of our esteemed investors and advisors as we embark on the next phase of our growth journey,” said Mr. Omar AlShamsi, CEO of Watermelon Ecosystem. “This investment will allow us to scale our operations, enhance our product suite, and continue delivering exceptional value to our clients in the F&B sector.”
Through the provision of innovative technology solutions and financial tools that promote operational excellence and establish strong relationships throughout the supply chain, Watermelon has played a pivotal role in revolutionizing the food and beverage industry. The business makes sure that its success is translated into real advantages for its partners and stakeholders by concentrating on local growth and development.
Daman Investments declared that fostering the development of the emerging new Arab World Economy has always been its main goal. The organization is proud of its role as a consultant and growth partner for Watermelon and anticipates many more strategic collaborations with the startup and business communities in the United Arab Emirates.
The United Arab Emirates (UAE) is widely acknowledged as a leader in technology and innovation worldwide, having established itself as a center for state-of-the-art developments and innovative solutions. The country has created an atmosphere that is favorable to development and innovation through significant investments in technology, progressive legislation, and a strong infrastructure. Watermelon is positioned to be a part of this dynamic landscape, taking advantage of the UAE’s supportive environment to disrupt the food tech industry, all while maintaining a strategic focus on innovation and growth.
