Oman based FASCANO raises $10 million in a new investment round to expand its food and beverage operations platform across the region, backed by sovereign and private investors.
Oman based FASCANO has closed a $10 million investment round as it looks to expand its operational technology platform for the food and beverage and hospitality sector across the Middle East. The round marks the company’s third funding milestone and includes participation from Cyfr Capital, His Highness Sayyid Dr. Kamel bin Fahd Al Said, and a strategic partnership with Future Fund Oman under the Oman Investment Authority.
Founded in 2021 by Ahmed Al Kharusi and Murak Al Muairki, FASCANO has built a cloud based system designed to streamline restaurant and hospitality operations, integrating ordering, menu management, QR based payments, and workflow automation into a single platform. The company positions itself as an infrastructure layer for F&B operators, targeting inefficiencies in day to day service operations that often rely on fragmented legacy tools.
The latest funding round follows earlier backing in 2024 led by Future Fund Oman and Cyfr Capital, which helped the startup expand its initial product deployments across restaurants, cafés, and hospitality businesses in Oman. The return of these investors in the new round signals continued institutional confidence in the company’s model and execution within the sector.
FASCANO says the new capital will be used to accelerate product development, expand its operational footprint, and strengthen its technology stack as it prepares for regional expansion. The platform is already used by hospitality operators to manage reservations, orders, and payments, with a focus on improving service efficiency and reducing manual workflows.
The broader context for this raise sits within a growing wave of digitization across the global food and beverage industry, where operational software and integrated restaurant systems are becoming central to scaling multi outlet businesses. Companies such as Toast in the United States and Deliverect in Europe have demonstrated how F&B infrastructure platforms can expand from point solutions into full ecosystem tools, attracting significant venture capital and strategic investment as they scale.
In the Middle East, similar platforms are emerging as hospitality and tourism sectors expand and operators increasingly adopt digital tools to manage costs and customer experience. Oman in particular has seen a gradual rise in startup activity supported by sovereign investment vehicles, with FASCANO becoming one of the more visible companies in the hospitality tech segment.
According to company disclosures, FASCANO’s founders continue to lead product and operations development as the company prepares for expansion beyond its home market. With the latest funding, the startup is positioning itself to scale its platform across new regional markets while deepening its integration with hospitality operators seeking unified digital infrastructure.
