Riyadh - Sharikat Mubasher: The Saudi-based sportstech Grintafy secured an undisclosed investment amount from Chiliz, the leading blockchain provider for sports and entertainment, a recent statement revealed.

This investment came as part of a collaboration between both parties to open new opportunities for young Saudi athletes, fostering the game's evolution in the region.

It also represents Chiliz's first foray into the evolving Saudi football scene as it launches operations in Riyadh to back football projects, in alignment with Vision 2030’s tech-driven transformation goals.

Chiliz aims to drive Saudi football's growth and internationalization in addition to connecting major European football teams with Saudi talent.

Majdi Allulu, Founder and CEO of Grintafy, stated that Chiliz’s investments lay the foundations of a new vertical that will enable users with more tools and technologies.

For his part, Alex Dreyfus, CEO of Chiliz, commented: “This investment is a strategic move that brings value to both Grintafy and the Chiliz ecosystem, while also supporting the broader vision of Saudi football. Together, we aim to both support local talented players and global football powerhouses in their investments in the Kingdom.”

Grintafy, founded in 2019, is a football talent discovery platform that caters to leading football organizations across the Middle East and Europe.