Max ventures into the Iranian tourism sector by investing in the startup Utopian, aiming to drive significant growth and market expansion.

Target Company Overview

Max has announced a strategic investment in the startup Utopian by signing a contract. As a venture capital firm, Max established a new investment fund named Modern Capital to support Utopian's growth in the tourism sector. Sasan Maadel, Chairman of the Board at Max, emphasized that this investment is pivotal, aiming to leverage Utopian's impressive track record and promising growth prospects in a thriving market.

Utopian has demonstrated a strong commitment to revolutionizing the tourism industry with its innovative approach, which has already garnered substantial attention. The founders’ expertise and passion for enhancing the tourism landscape contribute significantly to the optimistic outlook for the partnership with Max.

Industry Overview in Iran

The tourism industry in Iran presents a vast potential, projected to reach a market size of approximately 300 trillion tomans. With its rich cultural he