Hope Ventures announces its $1.5 million investment in Yas Holding and Rest Hero
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- Hope Ventures, the producer of the Biban TV show, has invested regarding $1.5 million in Yas Holding and Rest Hero, as part of the fourth episode of the Entrepreneurs Program, Part 2.
- Yas Holding, a furniture manufacturer and supplier, has raised $1.3 million in funding, while Rest Hero, a business and software-as-a-service solution through optimizing sales through social media, has raised $200,000 in funding.
- Rest Hero plans to use the new funding to expand faster in the UAE, and also in one of the cities in Saudi Arabia this year, with technical developments on the platform..
Source: say
Hope Enterprises, the investment arm of the Hope Fund and producer of the Biban TV program, has invested regarding $1.5 million in the two start-up companies, Yas Holding and Rest Hero, as part of the fourth episode of the Entrepreneurs Program, in its second part..
Yas Holding, a furniture manufacturer and supplier, has raised $1.3 million in financing, while Rest Hero, a business and software-as-a-service company that improves sales through social media, has raised $200,000 in financing..
Fajr Al-Pachachi, General Manager of Hope Projects, stated: “I am pleased with the investments that resulted from this episode of the Biban program, because it represents a true testament to the effectiveness of the program’s mission of connecting high-potential companies with strategic investors who can accelerate the growth of these companies with their expertise. It will complement Dr. Khaled’s experience Long in technology, Rist Hero needs development and pushes the product to regional markets..
For his part, Abdullah Al-Shammari, Co-Founder and CEO of Rest Hero: “The Biban program was the real door that enabled us to raise $200,000. This investment will help us grow stronger and faster in the UAE by helping more small and medium businesses and students thrive.” In their business by enabling direct sales via social media, we also plan to expand in one of the cities of Saudi Arabia this year, and it will also help us develop our technologies, build new features, and improve the existing platform”.