Saudi Arabia-based Glamera, a Tech Startup (SaaS and Payment), which is focusing on the beauty and lifestyle industry in MENA region has raised $350k investment from Hope Ventures, the investment arm of Bahrain’s Hope Fund, and Saudi investors Mr. Fahad AlRajhi, Chairman of Nabdh Investment, alongside angel investor Dr. Khalid Altawil, partner in Select Ventures Dubai.
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Hope Ventures is the investment arm of Hope Fund. It was founded to co-invest in high-potential, scalable, Bahraini-founded businesses to strategically accelerate their business growth. Hope Ventures is the producer of Bahrain’s first entrepreneurship-themed reality show, Beban, a show that allows entrepreneurs to pitch to a panel of regional investors for potential investment and business opportunities.
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GFH Capital’s Chief Executive Officer, Mr. Razi Almerbati, said: “GFH Capital is committed to supporting the growth of entrepreneurship across the GCC. Partnering with Beban, we’re pleased to support the expansion of the program’s third season into the wider region through our support of startups based in the Kingdom of Saudi Arabia. Entrepreneurship is the engine of economic growth, and GFH Capital is dedicated to supporting initiatives that empower aspiring and innovative founders and business models that can play a role in economic development and diversification in line with the ambitions of governments across the GCC.”
Mohamed Hassan, Co-Founder and CEO of Glamera, shared: “I am proud to have Beban as part of my entrepreneurial journey, and I am excited about making progress in transforming our industry through the support of our investor, Hope Ventures, Mr. Fahad Alrajhi, and Dr. Khalid Altawil. The support we received through the show has been crucial to the success of our fundraising efforts. Through the Beban bootcamp, we were trained under industry experts who supported us in developing our business and ensured our readiness to pitch on the show. I would advise any entrepreneur to continue moving forward to apply for the next season.”
About Glamera
Glamera was Founded in 2019 by Mohamed Hassan and Omar Fathy, with the vision to be MENA’s Biggest digital B2B (SaaS) and Marketplace in the Beauty industry.
By an All-in-one platform, Glamera SaaS helps beauty services providers such as barber shops, beauty salons, spas and gyms in reducing wasted products, booking process, managing their salons remotely and getting more users through marketing. Glamera is an All-in-One Platform to Power and Supply Lifestyle Service Providers.
