Riyadh – Sharikat Mubasher: Bahrain-based food-tech startup Lola Do Inc. announced raising $1.3 million in a pre-seed funding round led by Vision Ventures and Plus VC, along with a group of angel investors.
The company, which specializes in technology-driven cake customization, plans to use the new funding to expand its presence in Saudi Arabia and the Gulf region, enhance its platform, improve logistics, and grow its team, according to a recent press release.
Kais Al Essa, Founding Partner and CEO at Vision Ventures commented: “We always love it when technology is used to solve real-life problems and make life easier for people. We believe Lola’s approach to cakes is disruptive and therefore envision that in the future Lola will empower cake-making everywhere. We are excited to support Othman and Lola’s team and expect Lola to be a brand to reckon with soon.”
Othman Janahi, Founder and CEO of Lola said: "We are thrilled to have such experienced and knowledgeable investors who share our vision. Their belief in our mission has helped us cross a significant milestone in raising this round. Beyond capital, their strategic insights and seasoned guidance are invaluable as we drive forward.”
Lola Do Inc. is a tech-driven FoodTech company elevating the gifting industry and bringing it into the digital age through customization and innovation. Founded in September 2023 by Othman Janahi, the company has rapidly expanded across the GCC, launching in Riyadh, Saudi Arabia in July 2024 and later that year in the United Arab Emirates.
