Saudi-based SaaS startup Glamera has raised a Seed round of $1.3 million, led by Riyadh Angels Investors (RAI), with participation from Techstars Accelerator, Ithraa Venture Capital, 100 Ventures, Silicon Valley Venture “Lucrative Ventures,” and Super Angel Investors.
Founded in 2020 by Mohamed Hassan and Omar Fathy, Glamera provides B2B services to beauty and lifestyle providers. It also provides a B2C marketplace where consumers find such providers and book sessions.
Established in Egypt, the startup has relocated to Saudi Arabia, covering Riyadh, Jeddah, Dammam, Taif, Qassim, Madina, and Tabuk, as well as Cairo and Alexandria in Egypt.
Since its establishment, the platform has achieved massive regional growth, facilitating a gross merchandise value of $45 million and continued revenue and client acquisition growth.
“Now we can confidently work toward leading the market with our fully integrated solutions and play a part in the Saudi Digital Transformation Vision 2030. We aim to work with over 2,500 clients and achieve $500 million GMV by the end of 2023,” Mohamed Hassan, founder, and CEO, said in a statement.
Omar Fathy, co-founder, and chief technical officer of the startup, said the company would use its funding to develop and launch new services and expand into Gulf markets.
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