UAE’s KRUSH Brands raises $4.5m in a pre-series A funding

RIYADH: UAE-based omni-channel food and beverage company, KRUSH Brands, raised $4.5 million in a pre-series A funding round by Skelmore Holdings.

The funding is aimed at the company’s recently launched marketplace, Locale, which is an ecosystem for food-preneurs.

The brand will use its funding to grow Locale’s proprietary portfolio into a food-preneur group of around 20 innovative brands as well as boost its technology operations, MAGNiTT reported.