The PennZone

PennZone -- PR ZEN/ NEW YORK --- Saudi Arabia's recent expansion from oil mega wealth, to investments in tech, particularly in the Silicon Valley's tech startup explosion, is notable. This expansion may now include a mega-million-dollar venture deal said to be valued at $22M, with M&A giant, Astor Capital Fund.

Astor Capital Fund has remained mum on the mega-deal, but it is said to include several Saudi investors, some of whom have recently been linked to $45 billion in contributions to the SoftBank Vision Fund, and WeWork to name a couple. Though, the exact partnership has not yet been disclosed, with the rumored Saudi investors also having been part of the Uber tech investment rounds in 2016, the proposed partnership deal numbers --- rumored to be nearing $22M at the initial talk stages --- are probably not too far off the mark.

Saudi Arabia has made its mark in tech over the past five years and with this next purported venture partnership, a slowdown doesn't seem likely, even while the Saudis have faced heavy criticism over their own views on women's rights in the not too recent past.

More on The PennZone

• AI-Driven Cybersecurity Leader Gains Industry Recognition, Secures $6M Institutional Investment, Builds Momentum Toward $16M Annual Run-Rate Revenue
• TRIO Heating, Air & Plumbing Now Ranks #1 in San Jose
• Milwaukee Job Corps Center Hosts Alumni Day, Calls Alumni to Action on Open Enrollment Campaign
• Ezra Wohlgelernter Installed Philadelphia Bar Association Chancellor
• Power Couple Launches "Happy Habits Events" After Best of Philly Win, Pandemic Loss, and Setbacks

Since 2009, billions of dollars have been doled out by Saudi investors with estimates totaling more than $5 billion. Since most of these partnership deals are not public, it's not possible to trace just how much of that tech money emanated directly from the Saudis. Still, what is not in dispute: the Saudis are among the world's biggest investors in tech.

As tech companies grow and head toward IPO status, the concern has turned toward a recognition of limiting of controversial "bad actors". This is where very reputable banks are stepping up and partnering, turning the focus from Saudi-only invested start-ups to big bank venture partnerships.

Astor Capital Fund Director of Marketing and Public Relations, Oliver Hawthorne, commented when asked about the venture partnership and the company's role in the tech deal, "I expect good things in the coming weeks as the startup and venture community responds to a need for "good actors" to invest, especially in these highly controversial times as it pertains to Saudi Arabia. We are certainly eager to step up and take a seat at the table and ascertain where we can be of benefit and benefit our investors. In discussions, at least… As I stated, there have been no firm decisions made presently."

More on The PennZone

• Golden Paper Identifies Global Growth in Packaging Papers and Upgrades Its High-End Production Capacity
• Champagne, Caviar Bumps & Pole Performances — Welcome the New Year Early with HandPicked Social Club
• A New Soul Album: Heart Of Kwanzaa, 7-Day Celebration
• Allegiant Management Group Named 2025 Market Leader in Orlando by PropertyManagement.com
• NAFMNP Awarded USDA Cooperative Agreement to Continue MarketLink Program Under FFAB

Astor Capital Fund is an institutional and ultra-high net worth asset management firm. We specialize in providing independent financial advice and investment management services to a wide array of institutional clients including family offices, foundations, official institutions, municipalities, endowments, and pension funds. We believe that supreme excellence lies in simplicity and efficiency therefore, in our investment strategies we utilize a straightforward and an uncomplicated approach. With this principle as a leading guide, we help institutions create the best possible decision-making framework through intelligent portfolio design and investment policy guidance.

Contact the Astor Capital Fund