Kuwait-based photo printing startup Snapbook has closed a multi-tranche seed funding round of $1.5 million from a Faith Capital, a Kuwaiti venture capital firm.
Founded in 2016, Snapbook has dominated the GCC photo printing market, becoming a notable regional leader in the market for photo books, photo prints, phone cases, gift items, home décor, apparel, and wall art.
The new funding will be used to bolster its ongoing operations and impressive growth with the aid of the Faith Capital team’s expansive professional resources and regional expertise.
With both mobile and web applications, Snapbook creates amazing photo books, high-resolution prints, unique mobile cases, and much more.
Snapbook’s base of operations is in Kuwait, but it has international sales in Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Oman, and over 40 other countries.
“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,” says Abdullah Boodai, the Founder and CEO of Snapbook.
Meanwhile, Abdulaziz B. AlLoughani, the Managing Partner of Faith Capital said, “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.”
“Together, we’ll expand the reach of MENA’s first truly scalable custom photo printing startup,” added Abdulaziz Hayat, an Associate at Faith Capital.