EIGHTClouds Raises $20M and Eyes Strategic Acquisitions in GCC

EIGHTClouds, an investment platform, has successfully raised $20 million, completing its 24-month initiative in just 11 months amid high interest and oversubscription. This capital is earmarked for strategic acquisitions in high-growth sectors primarily within the Food & Beverage and Hospitality verticals, signifying a focus on consumer-centric investments in the Gulf Cooperation Council (GCC) region. The firm targets established family-owned businesses lacking succession plans, aiming to capitalize on their brand equity and customer loyalty. EIGHTClouds plans to invest in scalable models in sectors aligned with regional and global consumer trends, with the GCC being an attractive market due to its demographics and policy environment. The company's long-term strategy involves fostering growth in consumer-facing businesses with strong market positioning and scalability potential, supported by technological and branding enhancements. Their initiatives include regional expansion focusing on the UAE, Saudi Arabia, and other key markets.