dahmakan featured image
Banking & Finance News Stories Technology

dahmakan raises US$18 million in Series B Funding Round

dahmakan, the cloud kitchen system reported a raise of funds led by new and returning investors.

dahmakan is Southeast Asia’s leading cloud kitchen system that uses artificial intelligence in logistics and cooking automation to make food delivery affordable for the 500m people middle class in Southeast Asia.

The cloud kitchen startup secured a US$18 million in its recently held Series B funding round. Participating in the said round were Rakuten Capital, White Star Capital, JAFCO Asia and GEC-KIP Fund. Woowa Brothers and returning investors Partech Partners and y Combinator also participated in the round.

“We combine a small operational footprint across multiple locations to ensure lightning-fast delivery with high levels of automation in back-of-house operations, made possible through our investments in software and industrial design,” said dahmakan’s CTO, Christian Edelmann.

The new funds will be used to build its end-to-end-experience through its end-to-end operating system. It also brings dahmakan’s total funding close to $28 million.

“dahmakan is well-positioned to serve the growing demand for food delivery services in Southeast Asia with its unique, technology-forward approach of taking control of the entire value chain to provide affordable delivery options to SEA’s rising middle class,” said Eric Martineau-Fortin, Managing Partner at White Star Capital.

“Since our inception, White Star Capital has focused on high-growth companies in markets with strong entrepreneurial potential and solid teams with expertise at scaling businesses in the consumer sector. Dahmakan fits this profile, and we look forward to working with Jonathan and the team to continue to expand their market share in the fast-growing SEA Market,” Fortin added.

Co-founded in 2015 by Christian Edelmann, Jessica Li, and Jonathan Weins, dahmakan is known for healthy and fast food delivery service. “This unique operating system makes our satellite distribution kitchens significantly more profitable and easier to operate than most major QSRs and we’re excited to bring this across the region,” said Jonathan Weins, serving CEO of dahmakan.

“Our mission from Day 1 was to build a chef-made, food delivery product that supported the selection and price point for the mass market to use every day. We knew, from our experience launching Foodpanda in Hong Kong, that removing high delivery and operating costs, while bringing food closer to the consumer, would be a core part of this mission,” added Weins.

ASEAN HR TECH VENTURE SUMMIT 2018
REGISTER NOW 33% DISCOUNT
SUMMIT PASS

Send this to a friend