Wa’ed Ventures Invests in Grintafy Technologies
Grintafy Technologies is proud to announce their second-round investment led by Saudi Aramco’s venture capital investment firm, Wa’ed Ventures. The $1.25 million-dollar investment was secured in the pre-series A round with participation from Nafithat Al Mustagbal Investments. This investment will fund the integration of new technologies, introducing new products for scouts, clubs and academies, expand the team and grow new markets…all in an effort to discover new talent in the world of sports.
Grintafy is the talent discovery platform for amateur footballers that have dreams to go professional. Grinta comes from the root word grit-it’s a common catchword being used in sports that means determination, motivation and playing with heart. Grintafy allows users to find, join or organize games, rate players on their performances, work their way up the rankings, as well as view and track their performance. All of these features allow players to build their football CV in order to have it viewed by scouts and professional clubs. Grintafy also has a social engine that connects players showcasing their skills from all around the globe.
Wassim Basrawi, Managing Director and Salman T. Jaffrey, Chief Investment Officer of Wa’ed Ventures shared that “Grintafy has great prospects to improve the local scouting domain for sports athletes, improve amateur talent, and further develop the regional sports industry. The platform has achieved promising milestones, and with Wa’ed Ventures’ investment and support, the company has strong promise to democratize sports scouting.”.
Ahmed Baghlaf, CEO of Nafithat Al Mustagal Investments had this to say, "The re investment in this round is a continuation of our belief in Grintafy's mission and their active contribution to Saudi Arabia's society. We have the utmost confidence in what the future holds for Grintafy."
Majdi Al-Lulu, Grintafy’s founder and CEO said of the investment, “Getting funding from a powerhouse like Aramco’s Wa’ed Ventures is reconfirmation that Grintafy is on track to get to the next level.” He added, “With this investment and based on the current data and analytics available, our team is keen on working towards helping the kingdom’s vision in the sports domain, come to life. Grintafy wants to be responsible for discovering the future Saudi National team”