• UAE-based HRtech Ogram has secured a $3 million investment from Tanami Capital. 
• Founded in 2017 by Karim Kouatly and Shafiq Khartabil, Ogram is a digital staffing marketplace that enables businesses to book and manage staff on-demand.
• The investment aims to support the company’s expansion into the Saudi market, with a specific focus on the retail and hospitality sectors.
• In July 2024, Ogram raised an undisclosed funding round, led by Oraseya Capital, along with Aditum Investment Management and Everywhere VC.

Press release:

Ogram, a leader in flexible staffing solutions, is thrilled to announce the successful closure of a $3 million Non-Dilutive Investment from Tenami Capital. As a pioneer of revenue-based, growth capital for high-growth companies, Tenami Capital’s support reflects confidence in Ogram’s mission to redefine workforce management and drive expansion into new markets. 

This strategic partnership arrives as Ogram accelerates its entry into Saudi Arabia, a region with immense growth potential in the retail and hospitality sectors. The funding will strengthen Ogram’s working capital, enabling faster payouts and giving Ogrammers greater control over their pay cycles. This initiative is set to enhance worker satisfaction, improve retention, and support businesses by ensuring a more motivated and reliable workforce. 

“We are excited to partner with Tenami Capital, a forward-thinking financial partner that shares our vision for transforming workforce flexibility,” said Shafiq Khartabil, co-founder and CEO of Ogram. “This funding will allow us to deepen our impact in Saudi Arabia and beyond, ensuring both our clients and Ogrammers experience the very best in workforce solutions.” 

The funding will also enable Ogram to roll out its early payout program, providing financial stability for its workforce and creating a seamless system to meet their needs. Balsam Danhach, CFO of Ogram, commented, “This is more than just financial backing; it’s an investment in the success and well-being of our Ogrammers. By strengthening working capital, we can support their financial needs while ensuring higher retention and exceptional service for our clients.” 

“We are delighted to partner with Ogram as it continues to transform the staffing industry,” added Natasha Hannoun, Managing Partner, Tenami Capital. “This marks Tenami Capital’s fourth investment since starting in 2021, with more to be announced in the coming months as demand for non-dilutive capital grows and the Gulf region experiences unprecedented economic growth. Ogram represents the type of innovative, high-growth company that Tenami Capital is committed to supporting as we help businesses scale and succeed across our region.”

As Ogram prepares for 2025, this capital injection positions the company for continued success, allowing it to expand its geographic reach and further its mission to deliver flexible staffing solutions that meet the needs of businesses and workers alike.