In the eighth episode of the entrepreneurship-themed reality television show and the first private-public investment platform in the region, Beban, Hope Ventures, the investment arm of Hope Fund, announces its co-investment in the Saudi-based company “Glamera.”
The Saudi investors Mr. Fahad AlRajhi, Chairman of Nabdh Investment, and super angel investor Dr. Khalid Altawil, who is also a partner in Select Ventures Dubai, contributed $350,000 to Glamera, an all-in-one SaaS platform that powers and supplies lifestyle service providers, which was co-founded by Mohamed Hassan and Omar Fathy through Beban.
As a venture capital firm, Hope Ventures funds scalable companies with founders who are visionaries and transform their industries and who are steadfast in their dedication to creating value. Through its extensive network of public and private partners, as well as a local network of mentors who are industry experts, the firm provides strategic capital to accelerate the growth of its portfolio companies into new markets.
The Chairman of Hope Fund, H.E. Aymen bin Tawfiq Almoayed, represents Hope Ventures on Beban and moderates the program. The investment Hope Ventures made in Glamera is indicative of its dedication to funding visionary entrepreneurs who are building cutting-edge companies that address current issues and intend to develop and flourish locally.
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.”
Due to its collaborations 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), Beban TV show is the first private-public investment platform in the region.
