Connect with us

Hi, what are you looking for?


Cloud kitchen company CloudEats raises $5M to expand in region

SOUTHEAST ASIAN cloud restaurant company CloudEats raised $5 million from a Series A round led by Singapore-based investment management firm Vulpes Investment Management, and the Malaysia-based venture capital firm Gobi Partners’ Gobi-Core Philippine Fund.

CloudEats, which was launched in the Philippines in June 2019, plans to use the funds to scale its smart kitchen technology and open cloud kitchens in more markets in the region, the latest of which will be Vietnam in November. It also aims to develop new champion brands like Burger Beast, an emerging burger brand in the Philippines.

“The food delivery market in Southeast Asia continues to experience explosive growth, allowing digitally native brands such as ours to carve their own space and win in the market,” said Kimberly Yao, co-founder of CloudEats, in a press release. “We aim to become the largest online food group in the region by building persona-driven, highly innovative cloud restaurants with delicious food that our consumers love and value.”

Other notable investors involved in the round include Alibaba-backed BAce Capital, Intera Investments Limited, and GMA Ventures. Benny Chen, BAce Capital’s founding partner, will also join CloudEats’ board of directors.

Meanwhile, Gobi Partners’ founding partner Thomas G. Tsao praised CloudEats’ co-founder Ms. Yao: “Born and raised in the Philippines, Kimberly has been recognized by the Forbes 100 To Watch and TechNode’s Top 50 Rising Women in Southeast Asia. Now she’s just raised the largest round ever by a Filipina-led startup in the Philippines!”

The cloud kitchen company was also featured in Forbes Asia’s “100 to Watch” list in August, along with three other Philippine-led start-ups. The inaugural list puts the spotlight on “notable small companies and startups on the rise across the Asia-Pacific region.”

Since its launch, CloudEats has prepared on-demand meals for numerous brands and worked with various delivery services. Its kitchens are located in non-retail, cost-efficient spaces with operations and layouts designed specifically for food delivery.

“The team at CloudEats is one of the strongest founding teams we have seen in Southeast Asia and their unique approach to providing next generation cloud kitchens is a perfect fit for the young and digital savvy populations of Southeast Asia,” said Field Pickering, Vulpes Investment Management’s head of venture investing.

“We couldn’t be more excited about being part of the CloudEats journey,” he added. — Bronte H. Lacsamana

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



SM Investments Corp. announces annual stockholders’ meeting on April 26 – BusinessWorld Online ...


AyalaLand Logistics Holdings Corp. to conduct annual meeting of stockholders virtually on April 19 – BusinessWorld Online ...


Please see below for the Notice of the Annual Stockholders’ Meeting of Premium Leisure Corp. TO ALL STOCKHOLDERS: The Annual Stockholders’ Meeting of Premium...


Please see below for the Notice of the Annual Shareholders’ Meeting of Belle Corporation. To all Shareholders: The annual meeting of the shareholders of...


PHILIPPINE STAR/MICHAEL VARCAS By Keisha B. Ta-asan, Reporter THE BANGKO Sentral ng Pilipinas (BSP) is likely to pause its current tightening cycle in May,...


BW FILE PHOTO THE NATIONAL Government’s (NG) gross borrowings declined by 16.5% as of end-January, the Bureau of the Treasury (BTr) said. Based on...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.