UAE-based B2B food marketplace Supy secures $8 million for global expansion

Oluwajuwonlo Afolabi -

UAE-based business-to-business (B2B) food marketplace startup, Supy, has secured $8 million in its seed funding round led by BECO Capital, to support its global expansion.

  • The fund will be used to improve its stack of technology, advance its product offering, launch settlement and payment solution, and expand its presence in the Kingdom of Saudi Arabia.
  • Founded in 2021, Supy uses web and app-based software to offer insights to restaurants on purchasing trends toward increasing their profit margins and building restaurant-supplier relationships.  
  • Valia Ventures, COTU Ventures, Global Ventures, and AMK Investment Office invested in the round.