MealPlanet Secures $6 Million in Seed Funding Round
MealPlanet, a UAE-based food tech startup, has secured $6 million in a seed funding round, underscoring the rapid growth and significant opportunities within the food technology sector in the Middle East.
Strong Financial Backing from Venture Capital Firms
The funding round was led by prominent regional venture capital firms, including Middle East Venture Partners (MEVP), AlTouq Group, Sanabil 500, Faith Capital, and Alturki Ventures. Additionally, renowned entrepreneurs Marc Lore and Samih Toukan participated in the round, further solidifying the company’s credibility and its strategic vision for the future.
Innovative Technology to Meet Consumer Needs
Founded in 2024 by serial entrepreneur Khaled Baara, MealPlanet aims to bridge the significant gap in the food technology sector. The MealPlanet app is an innovative platform that connects consumers with a wide range of balanced meal plans, providing them with easy access to subscribe to and manage their dietary plans through a simple and user-friendly interface.
Statements from MealPlanet Leadership
Khalid Baareh, the founder and CEO of the company, expressed his enthusiasm about the new funding, stating, “This support enhances our ability to execute our expansion plans, develop our advanced technological tools, and utilize AI technologies to improve consumer experiences.” He added, “We strive to provide a superior and seamless experience for consumers in the Middle East, focusing on convenience, variety, and flexibility.”
Strategic Partnerships
MealPlanet is currently collaborating with over 100 well-known brands, such as Prep & Co, Basiligo, PrepHero, and Health Road, to ensure the best options are available to its customers. The company plans to expand its regional presence, starting with Saudi Arabia in the first quarter of 2025, reflecting its commitment to growing in the burgeoning food market.
Future Outlook
With the increasing demand for healthy and convenient food solutions, MealPlanet offers an ideal solution for consumers in the Middle East. Backed by leading venture capital firms, the company is expected to play a pioneering role in advancing food technology in the region.
MealPlanet continues to steadily progress toward becoming a leader in the food technology sector in the Middle East, solidifying its position as one of the most innovative and successful startups in this field.
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