RIYADH: Saudi-based SaaS startup Glamera raised $1.3 million in a seed funding round led by venture capital firm Riyadh Angels Investors.
Established in Egypt in 2020, Glamera relocated to Saudi Arabia where it covers Riyadh, Jeddah, Dammam, Taif, Qassim, Madinah, Tabuk as well as Cairo and Alexandria in Egypt.
The company is an all-in-one platform for beauty and lifestyle service providers where consumers can find and book sessions.
Since its establishment, the platform has managed to achieve huge growth in the region as it facilitated a gross merchandise value of $45 million in addition to continued growth in revenue and client acquisition.
“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 that the company will use its funding to develop and launch new services as well as expand into Gulf markets.
