Egyptian Cloud Kitchen Provider The Food Lab Secures 4 5M Pre Seed For Expansion
The round was led by Africa-focused fund 4DX Ventures and UAE-based venture capital firms Nuwa Capital and Shorooq Partners . Other participating investors include Al Faisaliah Group and Samurai Incubate. According to its founders, this pre-seed investment will allow the company to further expand in the country and lay the foundation for entry into the Middle East and sub-Saharan Africa. El Daly company’s founder and president told TechCrunch. “Many things have changed within the ecosystem over the past decade in the space....