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Saudi-based SaaS startup raises $1.3m in seed funding

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
Saudi Arabia Al Qahirah Ash Sharqiyah Al Iskandariyah Ar Riya Omar Fathy

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How the gig economy is disrupting the region's startup ecosystem

How the gig economy is disrupting the region’s startup ecosystem Image courtesy of Shutterstock With 70 million platform workers registered globally, economists predict that by 2025, talent platforms will mediate one third of all labour transactions. Today, these platforms are estimated to make up 1 to 3 per cent of total US employment, or 35 per cent of US workforce, contributing up to $1 trillion to its total economy according to recent statistics. The wave is slowly making its way into ...
United Arab Emirates Saudi Arabia Ar Riya Al Madinah Bandar Almohamadi Mohamed Ibrahim
Source: wamda.com

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