Glamera, a Riyadh-based SaaS startup focusing on the MENA region's beauty and lifestyle industry, raised $1.3 million in seed funding.
The round was 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.
The new fund will be used to continue developing and launching the planned new services and expand into more GCC markets.
"We have successfully validated the market need," said Mohamed Hassan, Founder, and CEO. He continued, "And now we can confidently work towards leading the market with our fully integrated solutions and play a part in the Saudi digital transformation vision 2030. We aim to work with 2500+ clients and achieve $500M GMV by the end of 2023."
Glamera expanded into Saudi Arabia, covering Riyadh, Jeddah, Dammam, Taif, Qassim, Madina, and Tabuk, as well as Cairo and Alexandria in Egypt.
Company: Glamera Entertainment Pvt. Ltd.
Raised: $1.3M
Round: Seed Round
Funding Month: October 2022
Lead Investors: Riyadh Angels Investors (RAI)
Additional Investors: Techstars Accelerator, Ithraa Venture Capital, 100 Ventures, Silicon Valley Venture "Lucrative Ventures," and Super Angel Investors
Company Website: https://www.glamera.com/
Software Category: SaaS platform for beauty and lifestyle services
About the Company: Founded in 2020 by Mohamed Hassan and Omar Fathy, Glamera is an all-in-one platform that provides B2B services to beauty and lifestyle service providers such as beauty salons, barber shops, gyms, spas, and makeup artists. It also provides a B2B2C marketplace where consumers find such providers and book sessions. Glamera SaaS helps beauty services providers such as barber shops, beauty salons, spas, and gyms reduce wasted products, and booking processes, manage their salons remotely, and get more users through marketing.
Source: https://www.wamda.com/2022/10/glamera-secures-1-3-million-seed-round