Berger Index raises $1.3M in seed funding, aims to expand into GCC

In the yearBurger indexIn the yearA Spain-based artificial intelligence (AI) startup has raised $1.3 million in a seed funding round.

The round was led by Middle East and North Africa (MENA) seed investor Flat6Labs. F Capital, Regional Growth Accelerator and Cosmin Mane, Founding Partner of Instashop also came on board.

The company will use the fresh capital to expand the market in the Gulf Cooperation Council (GCC) market and build the team to include services for digital grocers and supermarkets.

Founded in 2022 by Wasim Bero and Maurice Karam, the startup provides food and beverage (F&B) data analytics for restaurants, food products, cloud kitchens and distributors. According to the startup, it uses AI to turn data points into insights that help companies make informed decisions.

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The startup currently offers services in seven countries across Europe and the GCC. According to the press release, its clients include companies such as McDonald’s, Majid Al Futaim, Nestlé and Aloe Beirut. Wamda.

Ryan Sharif, General Manager of Flat6Labs UAE, said: “The Burger Index finds itself at the intersection of three exploding markets: data analytics, location-based services and restaurant technology, which are expected to reach $342 billion by 2027. ”