• Oman-based foodtech FASCANO has closed its third investment round at $10 million.
• The round included participation from His Highness Sayyid Dr. Kamel bin Fahd Al Said and Cyfr Capital, in partnership with the Future Fund Oman under the Oman Investment Authority.
• Founded in 2021 by Ahmed Al Kharusi and Murak Al Muairki, FASCANO provides operational and technology solutions for the hospitality and food & beverage sector, focusing on improving efficiency and streamlining processes.
• The funding will support continued product development and expansion of its solutions across the sector.
• In November 2024, Fascano closed its second round at an undisclosed amount, led by the Oman Future Fund, in collaboration with the Oman Investment Authority and Cyfr Capital.

Press release:

FASCANO has announced the successful closing of its third investment round, raising $10 million with participation from His Highness Sayyid Dr. Kamel bin Fahd Al Said and Cyfr Capital, in partnership with the Future Fund Oman under the Oman Investment Authority.

The milestone reflects growing confidence in the company’s vision and its ability to deliver practical, technology-driven solutions for the hospitality and food & beverage sector.

FASCANO focuses on enhancing operational efficiency, streamlining workflows, and improving service quality for businesses in the sector. The company attributes its growth to strong customer trust and continued adoption of its solutions, positioning itself for further expansion and innovation in the next phase.