UAE-based Qlub has raised $30 million in a funding round to accelerate global growth, led by Mubadala Investment Company and Shorooq Partners.
Jul 21, 2025•12 days ago
Amount Raised
$30 Million
Investors
E&Legend CapitalCherry VenturesShorooq PartnersMubadala Investment Company
Description
Qlub, a startup focused on restaurant payments via QR codes, has raised $30 million to support its expansion efforts. The round featured contributions from Mubadala Investment Company, Legend Capital, and other investors. The funds will enhance analytics tools and aid market entry in regions like the Gulf and Southeast Asia. Co-founder Mahmoud Fouz expressed gratitude for the investors' support as they work on fulfilling Qlub’s vision.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech