Innovative SaaS Startup receives funding from Middle-Eastern venture capital firms (Sahra Growth Capital, Doha Technology Global)
ANN ARBOR, Mich.–(BUSINESS WIRE)–Channels Inc. is announcing a seed round of $520k led by Sahra Growth Capital, to bring their total funding to $571.8k. Started by Siddharth Kaul (18), Elan Rosen (20), and Ibrahim Mohammed (20), Channels helps organizations navigate through physical work, starting in the event space.
Jamal Al-Barrak, the Managing Partner of Sahra Growth Capital, has high hopes for Channels, already citing successful clients such as Marriott Hotels and Holiday Inn: “Channels has a bright future to disrupt the event space and eventually transition into sectors such as retail. They are pioneering the mobile-friendly approach to physical communication with big players already taking note.”
Abdulaziz Al-Hussein, the Managing Partner of Doha Technology Global, is ecstatic about Channels’ prospects in the event management space. He says, “I value visionary founders that have a true passion for pushing our current boundaries and these fine young men have shown me that there is a future to even the most old-fashioned sectors.”
Channels is ready to frontier the new wave of communication tailored for the physical worker and plans on expanding past the event space into retail and much more.
About Sahra Growth Capital
Headquartered in Dubai, Sahra Growth Capital focused on investing in frontier technology companies and exceptional founders. Founded in 2014, by Jamal Al-Barrak after a career in investment banking at Barclays, it has targeted early stage ventures as investment opportunities. Recently, Sahra Growth Capital has started a seed sourcing approach focused on investing between $200k and $800k into seed and pre-seed stage companies with Channels being one of their recent investments. For more information on Sahra, please visit Sahra Growth Capital.
Channels Inc., established in 2019, is an enterprise technology company based in the United States, empowering physical workers to easily communicate amongst themselves to conduct their tasks. Combining a visual and quick-access focus, Channels enables organizations focused on physical work to have a workplace platform where they can run events, weddings, and much more. Thanks in large part to its transparent pricing and beautifully designed user-interface, Channels has become one of the fastest-growing technology companies in the event space. For more information on Channels, please visit Channels Inc.
For media inquiries about Channels’ funding round, contact:
[email protected], Siddharth Kaul