Oman-based foodtech startup FASCANO has closed a $10 million investment round to accelerate product development and expand its operational solutions for the hospitality and food & beverage sector across the region.
The round saw participation from His Highness Sayyid Dr. Kamel bin Fahd Al Said and Cyfr Capital, in partnership with Future Fund Oman under the Oman Investment Authority.
Founded in 2021 by Ahmed Al Kharusi and Murak Al Muairki, FASCANO develops technology and operational tools designed to help hospitality and F&B businesses improve efficiency, streamline workflows, and enhance service quality.
The new funding marks the company’s third investment round and reflects growing confidence in its vision to deliver practical, tech-driven solutions for one of the region’s most active service sectors.
FASCANO said the fresh capital will be used to further strengthen its products and support the expansion of its solutions across the hospitality and foodservice ecosystem.
The company had previously closed its second investment round in November 2024, with backing led by Future Fund Oman, in collaboration with the Oman Investment Authority and Cyfr Capital.
According to the company, its continued growth has been driven by strong customer trust and increasing adoption of its solutions, positioning FASCANO for a new phase of expansion and innovation.
