Glamera Secures $350,000 Investment on Beban TV Show

Glamera Secures $350,000 Investment on Beban TV Show

By Press Release, 29 February 2024

Mohamed Hassan, Co-Founder and CEO of Glamera

Hope Ventures, the investment arm of Hope Fund, announces its co-investment in Saudi-based business ‘Glamera’ during the eighth episode of the entrepreneurship-themed reality television show and the region’s first private-public investment platform, Beban.

Through Beban, Glamera, an all-in-one SaaS platform that powers and supplies lifestyle service providers, co-founded by Mohamed Hassan and Omar Fathy, raised $350,000 from Hope Ventures and Saudi investors Mr. Fahad AlRajhi, Chairman of Nabdh Investment, alongside super angel investor Dr. Khalid Altawil, who is also a partner in Select Ventures Dubai.

As an investment firm, Hope Ventures invests in scalable businesses that are deeply rooted in their commitment to building value with forward-thinking founders who revolutionize their respective sectors.

Read More: Hope Ventures Fuels Thiqa Tutoring's Growth in Beban's Latest Episode

The firm offers strategic capital to accelerate the growth of its portfolio companies into new markets through its vast resources of private and public partners as well as a regional network of industry-expert mentors.

On Beban, Hope Ventures is represented by H.E. Aymen bin Tawfiq Almoayed, Chairman of Hope Fund, who also moderates the episode. Hope Ventures’ investment in Glamera reflects its commitment to investing in forward-thinking founders with innovative businesses that solve existing challenges and have plans to grow and expand on a regional level.

GFH Capital has partnered with Beban as the Saudi Country Partner.

GFH Capital’s Chief Executive Officer, Mr. Razi Almerbati, commented on the occasion: “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.”

On his part, 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.”

It is noteworthy to mention that the Beban TV show is the region’s first private-public investment platform through its partnerships with the Khalifa Fund for Enterprise Development (United Arab Emirates), the SME Development Authority (Sultanate of Oman), GFH Capital (Kingdom of Saudi Arabia), Zain Kuwait and the Sabah Al Ahmad Center for Giftedness and Creativity (Kuwait), and the Labor Fund Tamkeen (Kingdom of Bahrain).

Read More: Right Calories and Motolines Secure Funding from Hope Ventures via Beban Show

Beban season 3 was filmed in the Middle East’s newest exhibition and convention center, Exhibition World Bahrain (EWB), and showcases 41 businesses from across the MENA region as they pitch in front of a panel of regional, reputable investors for equity investment and strategic business development opportunities that can accelerate the growth of these businesses into new markets.

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