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Football stars who invest in startups

Cristiano RonaldoIn 2012, Ronaldo invested in a startup named Mobitto, a Portuguese app, while also becoming a brand ambassador. In 2017, he purchased a minority stake in the Portuguese agency Thing Pink, responsible for the technology in the CR7 museum in Funchal, Madeira.  David BeckhamFormer Manchester United and Real Madrid star Beckham reportedly invested $319,000 […]

Facebook’s Meta signs partnership to support Saudi tech startups

Meta, the company formerly known as Facebook, has announced a new partnership with Riyadh-based STV (Saudi Technology Ventures), the Middle East’s largest venture capital fund, to support the growth of technology startups in the kingdom. Founded in 2018 by Abdulrahman Tarabzouni, STV has capital of over $500 million and it’s portfolio of investments includes regional […]

Launch, Rocket, Vehicle

High-growth firms set to fly with $250m “venture debt” boost

Natasha Hannoun, head of debt at SHUAA Capital, tells AGBI why the investor’s alternative capital solution is a game changer for the region’s startup ecosystem Fintech is the number one target for SHUAA Venture Partners, a new $250 million (AED 918 million) Shari’ah fund, focused on venture debt investments. Other sectors being eyed include healthtech […]