Dubai - Sharikat Mubasher: Watermelon Ecosystem, the fast-growing food and beverages (F&B) startup, successfully secured $4 million in a Series A funding round that was led by prominent investors with the support of Daman Investments, the company announced in a statement.

Through this round, new investors obtained 13.8% capital shareholding while the company’s post-money valuation reached $29 million.

Watermelon will use the investment to fuel its local and regional growth, enhance its technological offerings, and broaden its market presence.

The fundraising solidifies the company’s position as an industry leader and underscores its commitment to boosting efficiency, transparency, and sustainability in the F&B industry.

Omar AlShamsi, CEO of Watermelon Ecosystem, said: “This investment will allow us to scale our operations, enhance our product suite, and continue delivering exceptional value to our clients in the F&B sector."

Watermelon Ecosystem aspires to revolutionize the F&B industry by providing leading-edge tech solutions and financial tools that boost operational excellence and foster robust connections across the supply chain.