Foodtech startup FASCANO, based in Oman, has raised US$10 million in a new investment round.
The company will use this money to improve its products and grow its services for the hospitality and food & beverage industry across the region.
The funding round included investments from His Highness Sayyid Dr. Kamel bin Fahd Al Said and Cyfr Capital, along with support from Future Fund Oman under the Oman Investment Authority.
FASCANO was started in 2021 by Ahmed Al Kharusi and Murak Al Muairki.
The company creates technology and tools that help hotels and food businesses work more efficiently, simplify daily tasks, and improve customer service.
This new funding is the company’s third investment round. It shows that investors believe in FASCANO’s idea of using technology to solve real problems in the hospitality and food industry.
FASCANO said it will use the new funding to improve its products and expand its services across the hospitality and food industry.
The company had earlier raised its second round of funding in November 2024.
That round was led by Future Fund Oman, along with support from the Oman Investment Authority and Cyfr Capital.
FASCANO said its growth has been driven by strong customer trust and more businesses using its solutions. This puts the company in a good position for further expansion and innovation.
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