Butcher Platform CarniStore Raises $12.2M to Expand Product Line
New funding will support CarniStore’s expansion into new products and regional markets.
UAE-based CarniStore has secured a $12.2 million (AED 45 million) strategic minority investment from Emirates Growth Fund, marking the fund’s first investment in the food sector.
Founded in 2018 by Daniel Wanies and Fikry Boutros, CarniStore operates a digital-first premium butchery and protein platform spanning meat, seafood, poultry and smoked products, combining sourcing, in-house production and online retail.
The new capital will be used to scale industrial operations, expand into additional product categories and support regional growth, as the company moves towards greater institutional readiness.
As part of the deal, Emirates Growth Fund will work with CarniStore’s founders to strengthen governance structures, refine go-to-market strategy and enhance operational capabilities.
Khalifa Al Hajeri, Chief Executive Officer of Emirates Growth Fund, said the investment aligns with the fund’s mandate to support high-potential UAE businesses through both capital and strategic partnership.
CarniStore’s founders said the partnership will support the company’s next phase of growth while maintaining its focus on product quality and customer experience.
