Qatar sportstech startup Sponix Tech receives funding from UK’s Aser Ventures

By Shilpa Annie Joseph, Official Reporter
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Qatar sportstech startup, Sponix Tech has received an investment boost from the UK-based Aser Ventures, the co-owner of Leeds United Football Club.

Aser Ventures has acquired a strategic stake in the sportstech startup which will help bolster Sponix’s growth and innovative technologies.

Sponix Tech is an alumnus from the second cohort of Qatar SportsTech (QST), a leading startup accelerator founded by the Qatar Development Bank (QDB).

Mr. Ibrahim Abdulaziz Al Mannai, Executive Director of Advisory at Qatar Development Bank (QDB), commented that, “QDB established QST as a specialized incubator and accelerator for the sports sector to support the country’s aspirations for becoming a sports hub in the region. After years of incessant work, we are proud to see the fruit of all that effort.”

Aser Ventures’ investment in Sponix is a great accomplishment for the Qatari sportstech ecosystem, which is 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 startups in line with Qatar’s objectives to promote entrepreneurship and shore up the development of startups and SMEs.

Mr. Mohammad Ali Abbaspour, CEO and Founder of Sponix Tech said that, “With their impeccable track record and their stellar reputation, we are thrilled about our partnership with Aser Ventures. We have been on a long journey, but the support we have received from QST along the way and now from Aser Ventures is propelling us forward and will enable us to shake the sports sector with innovative tech.”

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