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Spencer Matthews Elevates Entrepreneurs to New Heights in HONOR’s “World’s Lightest Boardroom”
LONDON, April 5, 2024 /PRNewswire/ — This week, to celebrate the launch of the HONOR Magic V2, the world’s lightest foldable smartphone[1], HONOR created the “World’s Lightest Boardroom”, hosted by Made In Chelsea star Spencer Matthews. Floating over London in a hot air balloon, the CleanCo founder heard pitches from three entrepreneurs, who took part for the chance to win £8,000 and the new Magic V2, a foldable smartphone crafted for the productivity hungry.
After its research revealed that 58% of entrepreneurs rely on a side hustle for financial support, HONOR launched the “World’s Lightest Boardroom” to support UK small business owners in getting their businesses off the ground. The sky-high founders who pitched to Matthews included:
- Simon Cooper – founder of sustainable transportation company Eezy Bike
- Keelan Waldock – founder of home delivery brownie service BWOWnies
- Ellena Gall – founder of sustainable and reversible clothing brand Gaia Garments
Not for those with a fear of heights, the budding business owners presented pre-prepared elevator pitches on the HONOR Magic V2 foldable smartphone. After this nail-biting competitive pitch, Matthews chose Gaia Garments to take home the HONOR prize fund and tech bundle, calling out her ethos and cool-headedness as key factors in his decision. The runners-up were awarded a new HONOR Pad 9 tablet each.
Matthews said: “I know what it takes to start and run a successful business, and was looking for those qualities in the winner today. El’s fearlessness and hunger for change won me over – she’s a fantastic example of what UK small businesses have to offer. I can’t wait to see where she goes next with the support of the HONOR prize money and tech.”
Competition winner Ellena Gall said: “Pitching in a hot air balloon was certainly a first, but I’m thrilled that Gaia Garments was chosen as the winner of the “World’s Lightest Boardroom”. The HONOR technology will help me run my business remotely, and I’ll be using the money to expand my lines and take Gaia Garments to new heights. I’m so thankful to HONOR and Spencer for supporting a small business like mine, and I can’t wait for what comes next.”
Aimed at the leaders of the future, the HONOR Magic V2’s 231g featherlight body and productivity powerful Snapdragon 8 Gen 2 chipset are designed to empower those who harbour big ambitions, and view technology as a catalyst for success.
Bond Zhang, CEO at HONOR said: “At HONOR, our passion is helping people achieve their potential through human-centric innovation. We are proud to support Britain’s most promising tomorrow makers in achieving their goals. The HONOR Magic V2 is the perfect tool for this, with its foldable featherweight and productivity prowess, it’s the perfect smartphone companion for anyone with big dreams and lofty ambitions.”
To discover the full story of HONOR’s “World’s Lightest Boardroom’ and the HONOR Magic V2, visit @ukhonor on Instagram.
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[1] HONOR Magic V2 is the lightest foldable smartphone available outside of China. The HONOR Magic Vs2 is the lightest in China and only available in this region.
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Latest News
eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
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