Philippines cloud kitchen startup CloudEats closes $5M Series A with Vulpes, Gobi Partners, and Alibaba-backed BAce Capital

Funds raised in this round will be utilized to scale CloudEats’ proprietary smart kitchen technology, open cloud kitchens in more markets across the region, and develop new champion brands like Burger Beast, which has now become one of the top recognized burger brands in the Philippines, CloudEats said in a statement.