Kitopirevenue, valuation & funding
Cloud Kitchen Management SoftwareDubai, 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).
| 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 BalloutCo-founder & 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
How much money does Kitopi make?
Kitopi has not published its revenue. GetLatka estimates about $165.7M a year (October 2024).
How much is Kitopi worth?
Companies don't publish a net worth. The closest figure is Kitopi's valuation: $1.6B, set in May 2022.
Who owns Kitopi?
Kitopi is privately held by its founders, employees and investors.
Is Kitopi publicly traded?
No. Kitopi is a private company, so its shares are not listed on a stock exchange.
How much funding has Kitopi raised?
$804M across 5 rounds; the latest was a $300M Series C in May 2022.
Who is the CEO of Kitopi?
Mohamad Ballout, a co-founder.
Who founded Kitopi?
Mohamad Ballout, in 2018.
How many employees does Kitopi have?
About 3,525 as of November 2025 (LinkedIn).
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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 Nov 28, 2025Data disclaimerReport a correctionClaim this profileRun Kitopi? Join the podcast