Lumia Capital
Lumia Capital is an expansion-stage venture capital firm founded in 2011 and headquartered in San Francisco. The firm focuses on investing in rapidly scaling internet and software companies, particularly in the sectors of SaaS, mobile, cloud computing, infrastructure, and big data. Lumia employs a hands-on approach, partnering closely with management teams to leverage Silicon Valley insights and global relationships, assisting companies in navigating the challenges of growth. The firm typically invests between $5 million and $30 million in companies with annualized net sales exceeding $10 million, although it may consider smaller or larger investments on a case-by-case basis. Lumia Capital targets opportunities in various regions, including Latin America, Central and Eastern Europe, MENA, Turkey, Southeast Asia, and the United States, particularly those with a significant presence or impact in these areas.
Kitopi is a Kitchen as a Service (KaaS) platform that facilitates the establishment of delivery-only restaurant locations by offering managed kitchen infrastructure and software solutions. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, Kitopi operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. The company enables restaurateurs to minimize capital expenditure and streamline operations by providing essential services such as management, call assistance, delivery management, trained staff, and specialized technology. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.
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