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The Venture Codex

Ministry of Culture

King Faisal Rd Al Bujairi Ad Diriyah, Riyadh, Ar Riyad, Saudi Arabia

Overview

Ministry of Culture is the ministry is leading a cultural transformation to develop a rich ecosystem that nurtures creativity.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
1

Sector focus

  • Government
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Investment portfolio

  • Breakevent

    Participated · Equity · Jan 2025

    Breakevent builds an event analytics platform that uses advanced machine learning to predict the success of live music events and reduce uncertainty for concert decision-making. Its software provides a basis for decision-making for upcoming concerts and aims to be the AI decision-making tool for the music industry. The Madrid-based company expanded its database in 2024 to more than 1,700 venues in Spain. Breakevent recently closed a €876K funding round and has received public financial backing from Neotec, the Community of Madrid, the Ministry of Culture and ENISA. The new capital will be used to accelerate growth, expand the database and develop an AI Agent trained in a closed environment with industry-specific data. Management intends to consolidate national clients and begin expanding internationally as the European live music software market grows with rising digital demand and AI adoption.

Team

  • Fawaz Farooqui

    Chief Advisor to the Minister

    LinkedIn