Walkers Advises Kitopi on US$415 Million Series C Funding Round

Walkers acted as British Virgin Islands counsel to leading managed cloud kitchen platform Kitopi on its US$415 million Series C funding round. The round was led by Softbank Vision Fund 2, with participation from Chimera, DisruptAD, B. Riley, Dogus Group, Next Play Capital, and Nordstar.

Kitopi, which stands for Kitchen Utopia, is headquartered in Dubai with over 2,500 staff.  Kitopi will channel the new funding to fuel its continued expansion within the Middle East and support entry to new markets such as Southeast Asia.  Kitopi will also continue to innovate and expand its tech stack, grow its strategic restaurant partnerships and build a best-in-class team across the organization.

Walkers' team was led by Associate Yannick Whorms with support from Partners Daniel Wood and Tom Cochrane.

Mahmoud Awad, Chief Legal Officer at Kitopi, commented: "With parties in various time zones around the world, Walkers went above and beyond to make themselves available - working odd hours and long weekends. The team, in particular Yannick Whorms and Daniel Wood, provided sound and practical advice which proved to be instrumental in getting the deal over the finish line. We felt we were in safe hands throughout the entire process."