Hope Ventures concludes Beban with over USD 1,000,000 in total Investments

  • Date: 25-Feb-2022
  • Source: Bizbahrain
  • Sector:Economy
  • Country:Bahrain
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Hope Ventures concludes Beban with over USD 1,000,000 in total Investments

Hope Ventures, the investment arm of Hope Fund, witnessed over USD 1,000,000 worth of investments deployed across five deals during the first season of its TV show. The investments were made jointly between Hope Ventures and multiple investors from the private sector. The five deals, encompassing businesses across the three sectors of technology, food and beverage, and manufacturing, were made based on scalability potential, business value proposition, business traction, and team capabilities. All business founders who took part in came to benefit from the show. A number of businesses walked away with investment offers, and some received other opportunities to support the growth of their businesses, such as advance orders worth USD 120,000 made by investors who purchased products from businesses, closing significant deals. Entrepreneurs additionally gained access to unique business opportunities with professionals in the field through training and mentorship from sector experts. The show saw the dissemination of over USD 85,000 worth of perks, courtesy of seven partners, who provided complementary training, logistics, and marketing services to accelerate the growth of the businesses within and beyond Bahrain. His Excellency, Aymen bin Tawfeeq Almoayed, Minister of Youth and Sport Affairs and Chairman of Hope Fund, said: “ has left