Haat has raised $20 million in a new funding round, bringing its valuation to $100 million as it looks to expand and compete with Wolt in Israel’s competitive delivery market.
The latest round marks the company’s fourth fundraising effort since its launch five years ago. The investment included both existing and new backers, with Israel Post leading the round with a $14 million contribution. Another key investor, Lehman Schlissel, added around $5 million. Together, they acquired approximately 20% of the company.
Haat operates in the food delivery and catering sector, connecting restaurants and food suppliers with customers. The company currently employs more than 300 people and works with over 10,000 restaurants and users across Israel. Since its founding, it has raised around $20 million from investors, including notable figures like Eyal Waldman and Ronald Cohen.
Founded by Hasan Abasi, Haat initially focused on serving the Arab community but has expanded rapidly into other regions over the past year. The new funding will support its growth in the Tel Aviv metropolitan area, where it will directly compete with Wolt, a dominant player in the region.
With fresh capital and expansion plans, Haat is positioning itself as a strong challenger in Israel’s fast-growing food delivery market.
