No. 020 · Mohamad Ballout

What this record used to say.

This record has been revised 4 times. Each version is hash-chained to the one before it and anchored to Bitcoin; the values below are shown exactly as they were recorded at the time, not restated after the fact.

Version 4 2026-07-17 Bitcoin attested
  • Raised: $465M total ($415M Series C 2021, $50M growth round 2026) $765M total ($715M Series C 2021-2022 incl. $300M extension, $50M growth round 2026)
  • Moves: 3 entries 4 entries
    Added: 2021 · Extended the Series C by $300M, lifting the round to $715M total and a $1.55B valuation

sha256 ec43041c004ef66e7656ef4bf1837008636ba414ec793b619a4da4160504ed5e

Version 3 2026-07-17 Bitcoin attested
  • Raised: $415M Series C, 2021 $465M total ($415M Series C 2021, $50M growth round 2026)

sha256 8dd9f3de4eef2a77384f664e50028e6070d900640576f9b9dcbfc64363db8b7d

Version 2 2026-07-15 Bitcoin attested

No tracked field changed in this version.

sha256 518a7bafa38d4e3822fd311dab0e569b49893e68a2e23b42a2bb7194340d4a68

Version 1 2026-07-10 Bitcoin attested

Minted

  • Founder: Mohamad Ballout
  • Company: Kitopi
  • Founded: 2018 · Dubai
  • Raised: $415M Series C, 2021
  • Backers: SoftBank Vision Fund 2, Chimera, DisruptAD, Nordstar
  • Strap: He runs kitchens as outsourced infrastructure, cooking and delivering for restaurant brands that want to expand without building their own sites.
  • Moves: 2018 · Founded in Dubai as a managed cloud kitchen platform; 2021 · Raised $415M Series C led by SoftBank Vision Fund 2, reaching unicorn status; 2026 · Raised $50M growth round led by EvolutionX after reaching profitability, with 200+ locations across five GCC markets

sha256 4a62b509752487441720744efff16de4d9524ed23f1cf013a014f2ca27308bc9

Proof of record → The Ledger →