KSA’s Sportstech startup Grintafy raises $1.25 Mn seed funding from Wa’ed Ventures

Featured image: Grintafy team; Credits: Magnitt

LAFFAZ Media

Headquartered in Saudi Arabia, Grintafy Technologies, a sportstech startup today announced that it has raised $1.25 million in a seed funding round led by Wa’ed Ventures, with participation from Nafithat AI Mustagbal Investments.

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Grintafy is a talent discovery platform for amateur footballers that allows its users to explore, join and organise games, rate players based on their performance while facilitating booking services for fields, referees, coaches and everything in between.

The company is aiming to utilise the funds to improve its technology, build new products and features, clientele including scouts, clubs and academics, grow its teams and expand its geographical footprint.

Commenting on the investment round, Majdi Al-Lulu, founder of Grintafy in a statement said,

“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,”

On the other hand, Wassim Basrawi, managing director of Wa’ed Ventures said,

“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 a strong promise to democratise sports scouting.”

Ahmed Baghlaf, CEO of Nafithat Al Mustagal Investments said, 

“The reinvestment 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.”

Talking about the impact of COVID-19 on Grintafy, Al-Lulu told Magnitt,

“We have recently introduced some new features that engage our users at home… we encourage our users to use the “Get Fit” feature that will help them get ready and be as fit as possible when it’s time to get back to the pitch. The “Get Ready” feature includes football workouts that can be done from home, and are supported by videos and instructions. We have also included a live broadcast feature where we host professional players to talk about their experience, give advice to young talent, and share their favorite workouts.”

Editorial Staff
Editorial Staff

The Editorial Staff at LAFFAZ encompasses fandoms of startup culture, crazy researchers, data analysts and writers who decrypt strenuous information into graspable news, produce noteworthy features and compelling stories.

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