Saudi Arabia-based Grintafy Technologies, has raised $1.25 million in a seed funding round led by Wa'ed Ventures, with participation from Nafithat Al Mustagbal Investments.
The sportstech startup, which operates a talent discovery platform for amateur footballers was founded by Majdi Al-Lulu and allows its users to find, join or organise games, rate players based on their performance while facilitating booking services for fields, referees, coaches and others.
“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,” said Al-Lulu.
Grintafy will use the funds to invest in its technology, introduce new products to its business clientele including scouts, clubs and academics, grow its teams and expand geographically.
“Grintafy has great prospects to improve the local scouting domain for sports athletes, improve amateur talent, and further develop the regional sports industry,” said Wassim Basrawi, managing director at Wa’ed Ventures. “The platform has achieved promising milestones, and with Wa’ed Ventures’ investment and support, the company has a strong promise to democratise sports scouting.”