Kitopirevenue, valuation & funding
Consumer Brands & RetailDubai, United Arab EmiratesFounded 2018CEO Mohamad Ballout
Kitopi is the world's leading state-of-the-art, managed cloud kitchen platform.
Kitopi revenue
Kitopi has not published its revenue. GetLatka estimates it at about $165.7M a year (October 2024).
All 4 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Apr 2021 | $51.1M | – |
| Jul 2021 | $71.2M | – |
| Oct 2023 | $125.6MEST | GetLatka estimate |
| Oct 2024 | $165.7MEST | GetLatka estimate |
– source not recorded
Kitopi valuation
Kitopi is privately held, so there is no Kitopi stock to buy. Investors valued it at $1.6B in its May 2022 Series C.
Valuation history$1.6B Series C 2022$1.2B Series C 2021
Kitopi funding rounds & investors
Kitopi has raised $804M across five rounds since 2018. The latest was a $300M Series C in May 2022.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| May 2022 | Series C | $300M | $1.6B |
| Jul 2021 | Series C | $415M | $1.2B |
| Nov 2019 | Series B | $60M | – |
| Nov 2018 | Series A | $27.2M | – |
| Apr 2018 | Seed | $1.8M | – |
| Total raised | $804M |
Kitopi CEO, founders & employees
Mohamad Ballout founded Kitopi in 2018 and runs it as CEO. Kitopi has 3,525 employees (November 2025, LinkedIn), up from 2,253 a year earlier.
- Mohamad BalloutFounder & CEO
All 8 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Nov 2025 | 3,525 | |
| Oct 2024 | 2,253 | |
| Oct 2023 | 2,253 | |
| Jul 2023 | 1,906 | – |
| Oct 2022 | 2,067 | |
| Dec 2021 | 1,533 | |
| Jul 2021 | 721 | – |
| Apr 2021 | 608 | – |
Kitopi FAQ
What is Kitopi's revenue?
GetLatka estimates Kitopi's revenue at about $165.7M a year (October 2024). The company hasn't published its own figure.
What is Kitopi's valuation?
Investors valued Kitopi at $1.6B in its May 2022 Series C.
How much funding has Kitopi raised?
Kitopi has raised $804M across five funding rounds. The latest was a $300M Series C in May 2022.
Is Kitopi publicly traded?
No. Kitopi is a private company, so its shares aren't traded on a stock exchange.
How many employees does Kitopi have?
Kitopi has 3,525 employees as of November 2025, according to LinkedIn.
Who is the CEO of Kitopi?
Mohamad Ballout is the CEO of Kitopi and founded the company in 2018.
Who founded Kitopi?
Mohamad Ballout founded Kitopi in 2018.
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How this page is sourced
5 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Kitopi? Join the podcast