UAE-based HRtech Ogram raised an undisclosed amount to expand in Saudi Arabia. Dubai Integrated Economic Zones Authority venture capital arm Oraseya Capital, Aditum Investment Management, and Everywhere VC led the round.
In 2017, Karim Kouatly and Shafiq Khartabil founded Ogram, a digital staffing marketplace that lets organisations schedule and manage labour on-demand.
Founded in 2023 in Greece, Ogram raised $3 million in Series A funding in 2022 from Modus Capital, Aditum Investment Management, Dtec Ventures, and DAAL VC.
Flexible staffing leader Ogram is pleased to announce the completion of its newest KSA expansion round, headed by Dubai Integrated Economic Zones Authority venture capital arm Oraseya Capital.
Oraseya’s second investment in company shows their faith in the company’s vision and growth potential in the Kingdom. Everywhere VC and Aditum Investment Management are also important investors.
It has supplied three million flexible work hours to its growing community, demonstrating its dedication to establishing the world’s new flexible workforce. It has above 90% fulfilment rates in the UAE and Greece, demonstrating its reliability and efficiency.
Ogram’s double-digit monthly shift growth in the UAE shows its market dominance. Since starting in Greece in 2023, the company has shown triple-digit monthly shift growth, demonstrating its swift and successful strategic development into new regions.
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Ogram’s flexible hiring model has helped businesses across multiple industries save money, especially in sectors with cyclical or seasonal demand patterns, while allowing thousands of workers to take back control of their schedules. They expects 150%+ man-hour growth in 2024 as it enters the KSA market.
“We are excited to secure this expansion round with such esteemed investors, which reflects the strong demand we are witnessing in the retail and hospitality sectors,” says Shafiq Khartabil, Co-founder & CEO of Ogram. “The funding will not only fuel our expansion into KSA but also drive us towards achieving profitability this year.”
The expansion round aims to scale operations in KSA, where retail and hospitality demand is high. While significant shops in Greece and the UAE continue to increase demand, the market may expand again soon.
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“The on-demand staffing market is rapidly evolving, and Ogram is at the forefront of this transformation. We have been particularly impressed by their ability to provide a much-needed solution and implement it at scale for enterprise customers. Ogram’s achievements in the UAE and Greece give us great confidence in their potential to replicate this growth in the KSA market. We are excited to support their ongoing expansion and market leadership, in line with Oraseya’s commitment to invest in innovative startups offering promising solutions.” says Julien Plouzeau, Senior Partner at Oraseya Capital.
This financial milestone supports Ogram’s ambition to improve workers’ lives by making flexible work the way employers hire and to pioneer ‘the new workforce’ globally, quickly.
About Ogram
Ogram is redefining the labour market by changing the way people work and how businesses hire. They are, in short, creating a new way of living. From our vantage point, believe in giving workers back control over their lives, careers, and schedules.
