The company’s model is said to be different from the traditional fixed-fee structures of cloud kitchens. Credit: Goinyk Production via Shutterstock.com.

Cloud kitchen company Fork N Knife has raised $800,000 in its seed funding round to expand its business in European and African markets by the end of this year, according to a report by Zawya.

The capital was raised from a group of angel investors and institutions outside the Middle East.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The news agency quoted Fork N Knife co-founder and CEO Yasser Nasr-Aldinas saying: “Having been in the cloud kitchen industry for eight years, I saw the need for a new model that solves the real challenges faced by restaurant owners.

“We decided to challenge the conventions by offering our CAAS model, which completely removes the fixed costs that eat up the profits of restaurant owners.

“We also leverage technology to enhance the food production process and support our partners to excel in the growing food market.”

See Also:

The company will use the proceeds to support its mission of advancing the food tech sector through its “Cooking As A Service” (CAAS) model.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Its model is said to be different from the traditional fixed-fee structures of cloud kitchens.

Fork N Knife claims that its CAAS model allows restaurant and food concept developers to scale their businesses without any upfront investment.

Fork N Knife currently operates three branches in Turkey.

Nasr-Aldin added: “The success of this seed funding round reflects the confidence of the investors in Fork N Knife and the huge potential we have to transform the food industry in the region.

“We have also started negotiations for our Series A funding round, which shows the strong interest and trust in our innovative approach to cloud kitchens.”