Lumia Capital
Lumia Capital, established in 2011, is a San Francisco-based venture capital firm that partners with innovative, expansion-stage companies in the United States and Europe. Focusing primarily on internet and software sectors, including SaaS, mobile, cloud computing, and big data, Lumia invests between $3 million and $30 million in companies generating over $10 million in annualized net sales. The firm employs a hands-on approach, combining Silicon Valley insights and global networks to support management teams through growth challenges and opportunities. Lumia also invests in select early-stage opportunities through its "Telescope" program.
Past deals in Kuwait
Kitopi
Series B in 2019
Kitopi is a Kitchen as a Service (KaaS) platform that provides restaurants with the essential infrastructure and software needed to establish delivery-only locations efficiently and cost-effectively. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, the company operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. Kitopi's offerings include kitchen infrastructure, management services, call assistance, delivery management, trained staff, and industry-specific technology, allowing restaurateurs to focus on their culinary creations while minimizing capital expenditure and time. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.
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