Percent Labs, a Syrian cloud kitchen startup, has closed a Seed funding round at a valuation exceeding US$1 million. The company develops and runs restaurant brands through multi-brand cloud kitchens. Syrian angel investors based abroad participated in the round.
Use of funds
The new funding will support expansion and operating infrastructure. It will also fund product development and new food brand launches. The company wants to grow its share of Syria's food delivery market.
Current scale
Percent Labs has operated for 14 months. It built a portfolio of food delivery brands in that period. Monthly orders now exceed 10,000.
Cloud kitchen model
The company uses multi-brand cloud kitchens with shared operations. This setup reduces costs and removes the need for a separate restaurant for each brand. Percent Labs also applies AI tools to manage operations and analyze data.
Percent Labs plans to increase monthly orders to more than 40,000 within 18 months. That target equals four times its current level. It will expand capacity, grow existing brands, and launch new food concepts.
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