Press Release.
Dallaspresso, a Hope Ventures portfolio company, achieved 128% sales growth, achieving 20% of its annual sales target in Q1. As both B2B and B2C sales increase, the company becomes one of Hope’s top 3 performing portfolio companies in Q1, 2022.
The increase in demand for Dallaspresso’s localized compressed coffee and tea capsules that are compatible with both Nespresso and Dolce Gusto machines reflects the company’s ongoing efforts to enhance factory production and efficiency, increase output, and strengthen distribution. The company currently offers a wide range of flavors that pleases both coffee and tea lovers as it includes seven types of Karak and 13 coffee capsules, with a focus on Arabic coffee.
Following its participation in Bahrain’s first entrepreneurial-themed reality show, Beban, Dallaspresso raised a funding of USD 212,000, co-invested by Hope Ventures alongside members of the private sector. The company also became one of Hope’s portfolio companies since.
The capsules manufacturer has taken the Gulf region by storm, as its widely popular products are already being sold in Kuwait and Oman. With the company targeting additional regional countries to get the dose of Dallaspresso, the company also has its eyes and taste buds set on international borders.
Ali Mohsin, Founder, and CEO of Dallaspresso, has commented on the occasion: “It has always been part of our plan to be on every shelf around the world, and with these recent milestones, we are a lot closer to reaching our goal. We are excited to launch new flavors soon as part of our continuous efforts to position innovative and unique products made in Bahrain on the global map.”
While Ameena Bucheeri, Hope Ventures’ Portfolio and Investor Relations Manager, has shared: “We are proud of Dallaspresso, and we anticipate more growth and expansions to be achieved by them. They have proven the value and deliciousness of their products, and we look forward to supporting them further.”
Hope Ventures’ portfolio companies’ performance reflects the strength of Hope’s 3-steps investment model that focuses on identifying high potential and scalable businesses, co-investing in them alongside the private sector, and accelerating their growth towards international expansion.
Interested investors and strategic partners in Dallaspresso and Hope’s portfolio companies should visit Hope Fund’s website or reach out to abucheeri@hopefund.bh.