UK Venture Firm Invests In Qatar-Based Sponix
The investment will help bolster Sponix’s growth and innovative technologies. Qatar-based Sponix tech received investments from UK Based Aser ventures, the co-owner of Leeds United Football Club. Aser Ventures acquired a strategic stake in the SportsTech start-up. The investment will help bolster Sponix’s growth and innovative technologies. Aser will leverage its global network, including prominent […]
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The investment will help bolster Sponix’s growth and innovative technologies. Qatar-based Sponix tech received investments from UK Based Aser ventures, the co-owner of Leeds United Football Club.
Aser Ventures acquired a strategic stake in the SportsTech start-up. The investment will help bolster Sponix’s growth and innovative technologies. Aser will leverage its global network, including prominent names such as award-winning sports media platform, Eleven, and iconic English football club, Leeds United, to create opportunities for Sponix and provide the company with strategic guidance and support. Qatar SportsTech (QST), a leading start-up accelerator founded by Qatar Development Bank (QDB), made this announcement.
Aser Ventures’ investment in Sponix is an excellent accomplishment for the Qatari SportsTech ecosystem, nurtured by QST’s unwavering support for the sector. The renowned award-winning SportsTech accelerator has been providing hands-on logistical assistance, training and funding for local and global start-ups in line with Qatar’s objectives to promote entrepreneurship and shore up the development of start-ups and SMEs.
QST has invested nearly $10 million across 40 start-ups from 17 countries since 2019.
Sponix Tech has become the official technology provider for UEFA. The start-up develops pioneering software that drives fan engagement and monetisation opportunities for sports rights owners, broadcasters, and brands.
“With their impeccable track record and stellar reputation, we are thrilled about our partnership with Aser Ventures. We have been on a long journey, but the support from QST along the way and now from Aser Ventures propels us forward and will enable us to shake the sports sector with innovative tech. We look forward to working with the Aser team, and I would like to thank them and QST for their belief and unfaltering support,” said Mohammad Ali Abbaspour, CEO and Founder of Sponix Tech.
