Snapbook Raises $1.5M in Funding

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ArabNet Team
Oct 03 2018
Investment
Snapbook Raises $1.5M in Funding
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Snapbook, a Kuwaiti photo printing startup, has announced a $1.5M seed round of funding by Faith Capital, a Kuwaiti Venture Capital firm specializing in early stage technology startups.

Founded in 2016 by Abdullah Boodai, Snapbook has dominated the GCC photo printing market with clients around the globe. Its platform covers a wide range of products such as photo books, photo prints, phone cases, gift items, home décor, apparel, and wall art customized with users’ pictures.

With this investment, Snapbook aims at strengthening its ongoing operations and impressive growth with the aid of the Faith Capital team’s expansive professional resources and regional expertise.

 “Snapbook intends to attain pre-eminence in the field of photo printing, and we’ll work alongside Faith Capital to achieve a lasting global presence as a company with technology driving its core value proposition and operating efficiencies,” said Abdullah Boodai, the Founder and CEO of Snapbook.

Abdulaziz B. Al Loughani, the Managing Partner of Faith Capital, commented, “As the first institutional investor in Snapbook, we have long believed that the regional e-commerce sector is ripe for new entrants and product offerings, and we are proud to partner with Kuwaiti founders to pursue this unique market opportunity. We look forward to further developing our professional relationship in the years to come.”

“Faith Capital partners with founders who truly understand the value of technology in creating sustainable operations. Snapbook’s investment in building such technologies demonstrates their long- term commitment to mastering their platform’s scalability,” said Abdulaziz Hayat, an Associate at Faith Capital. “Together, we’ll expand the reach of MENA’s first truly scalable custom photo printing startup.”