Press Release.
Hope Ventures, the investment arm of Hope Fund and producers of Beban TV show, co-invests USD 330k in Koala Picksalongside the private sector on the fifth episode of Beban Season 2, which can be streamed on Shahid platform for free, or watched at 6 PM on Bahrain TV and 9:30 PM on Alrai TV.
Through episode 5 of Beban season 2, Koala Picks, a brand that makes and provides healthy snack boxes with natural ingredients for kids and adults, co-founded by Ahmed Mubasher, Aya Assaf, and Omnia Abdelhalim, successfully raised USD 330K from Hope Ventures and the private sector comprising of Kuwaiti investor Mr. Yousef AlSultan, CEO of Nuzha Ventures and Mr. Basel Alabdulkarim, Saudi angel Investor & President of EO Saudi East.
Fajer Al Pachachi, General Manager at Hope Ventures, said: “I am thrilled to be co-investing alongside regional private-sector investors whose vast network and expertise will strategically support Koala Picks in the expansion and product development and distribution on regional and international levels. The co-founders’ passion, drive, and forward-thinking echo our value of investing in entrepreneurs and the team behind the business.”
Yousef AlSultan, CEO of Nuzha Ventures, commented on his co-investment alongside Hope Ventures: “As an investor from Kuwait, Beban has removed the regional barrier and eased access to exceptional business opportunities which previously were not on our radar. The Koala Picks team is one that showcased commitment, while the business has the potential to scale and grow to become a household name in the Arab world through our guidance and expertise as strategic investors.”
Basel Alabdulkarim, Saudi angel Investor & President of EO Saudi East, also commented on his co-investment alongside Hope Ventures: “The most prominent aspect of this investment is that it is a true testament to the fruits of Hope Ventures’ initiatives represented through Beban TV show. Beban carries a positive impact on entrepreneurs, investors, and both local and regional economies. I am optimistic about the co-investment between the public and private sectors, as the latter will bring their rich experiences to benefit all. Koala Picks will have our support to reach their desired aspirations, and we look forward to supporting them.”
Alongside Mr. Yousef AlSultan and Basel Alabdulkarim, episode 5’s panel of investors included Dr. Abdulelah Algosaibi, a Saudi investor in emerging technologies, and was moderated by His Excellency Aymen bin Tawfiq Almoayed, Chairman of Hope Fund, who was also representing Hope Ventures’ investments.
A new episode of Beban will air every Wednesday of this month. You can watch the next episode airing on the 8th of February 2023, on Bahrain TV at 6 PM and on AlRai TV at 9:30 PM or anytime on the region’s first and biggest video-on-demand platform, Shahid.
To stay up to date with all-things-Beban, make sure you follow the show’s accounts on social media @bebanme.
