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What happened to the female sex symbols of the 1980s and 1990s? | Culture

All of them reigned at the box office thanks, in part, to their physical attractiveness. Some managed to strengthen their careers beyond the roles of sex bombs and win the most prestigious awards. Others gave up fighting with a sexist and misogynistic industry that reduced them to mere pieces of meat. Hollywood condemned them to playing the role of grandmothers as soon as they turned 40, while allowing the Pacinos, Eastwoods and Nicholsons to continue acting as leading men past the age of 70.

There are many common elements between these iconic actresses. Almost all of them starred in erotic thrillers — the favorite genre of the 1980s — and almost all of them were, at some point, labeled as “difficult” for simply asking to maintain a certain level of control… not over the script, but over their own nakedness.

Kim Basinger (70)

Kim Basinger with her Oscar for her role in 'L.A. Confidential' (1997).
Kim Basinger with her Oscar for her role in ‘L.A. Confidential’ (1997).

HAL GARB (AFP via Getty Images)

The scene that made her a sex symbol was an amateur striptease to the rhythm of You Can Leave Your Hat On, by Joe Cocker. In 9½ Weeks (1986), a modest gallery owner named Elizabeth discovered her sexuality… and viewers discovered Kim Basinger. However, the filming was so intense that it almost ended up burying her career, rather than launching it.

And what happened to her career? Before conquering the world with Adrian Lyne’s controversial film, she was a Bond girl in Never Say Never Again (1983), Sean Connery’s “unofficial” return to the 007 saga. Once she became a star, she continued cultivating her eroticism in the hot and sweaty Final Analysis alongside Richard Gere, while demonstrating her gift for comedy in Blind Date, opposite Bruce Willis.

Willing to prove that she was an all-rounder, Basinger took on the superhero genre in Batman and was an unlikely extraterrestrial in My Stepmother Is An Alien. Along with her then-husband, Alec Baldwin, she starred in a failed remake of The Getaway. And, before taking a break from films, she surprised audiences with her role as an overworked reporter in Robert Altman’s underrated Prêt-à-Porter.

Basinger returned and won an Oscar in 1997, thanks to her role as a prostitute in L.A. Confidential. People finally realized that her talent was as overwhelming as her attractiveness. Something that was corroborated by her roles as Eminem’s alcoholic mother in 8 Mile and as Jeff Bridges’ wife in The Door In The Floor, the adaptation of John Irving’s novel A Widow For One Year.

She didn’t have any notable successes again until she played Christian Grey’s partner and ex-lover in the sequels to Fifty Shades of Grey, a much more sanctimonious version of her first big success that — although no one knew it at the time — marked her farewell to the big screen. As she confessed in one of her few interviews, this goodbye was motivated by health problems. She suffers from agoraphobia, which has led her to experience frequent panic attacks. “I still get anxious sometimes, but I’ve worked very hard on it so it doesn’t paralyze me like it did before… I’ve found that it helps if I take the focus away from me — ironic for an actress, I know!”

What’s she up to now? Voluntarily away from Hollywood, Basinger remains focused on activism in favor of animals, as can be seen on her Instagram account, where she defines herself as an “actress that hopes all of humanity will one day treat animals with the respect they deserve.”

Sharon Stone (65)

Lenore Osgood (Sharon Stone) in 'Ratched'.
Lenore Osgood (Sharon Stone) in ‘Ratched’.©Netflix/Courtesy Everett Colle

The scene that made her a sex symbol was the most famous leg crossing in history — and the most controversial. It took place in the film Basic Instinct (1992). Sharon Stone claims that Paul Verhoeven asked her to take off her underwear, promising that nothing would be seen. But when she saw the movie on the big screen, she discovered that was not the case. “I was in shock,” she confessed. “At the end of the film, I got up, went over to Paul and slapped him.”

What happened to her? The role of Catherine Tramell — a bisexual writer who moonlights as a cold and amoral serial killer — is one of those roles that only comes about once in an actress’s life. Meg Ryan, Julia Roberts and Michelle Pfeiffer rejected the part, each fearing that it would hurt their career. Stone accepted, yet has always regretted that the glory she so longed for had come to her when she was already in her thirties.

She began in the cinema with a small role in Woody Allen’s Stardust Memories and went through all the television series of the 1980s. In Total Recall, she demonstrated a charisma on par with Arnold Schwarzenegger, but it was Basic Instinct — the fourth highest-grossing film worldwide in 1992 — which made her a household name and earned her an Oscar nomination.

It wasn’t until Scorsese’s Casino (1995) that she was able to demonstrate her talents as a dramatic actress by achieving another Oscar nomination. After that came films more focused on her physique than on her acting skills, such as Gloria or The Muse. In 2001, she suffered a stroke, which slowed down her career. “I had to re-mortgage my house and all my savings were gone,” she declared.

What’s she doing now? Well, we’ve seen her play Lenore Osgood in the TV series Ratched, while she’s also been in The New Pope and The Flight Attendant.

Kathleen Turner (69)

Kathleen Turner on the set of 'Body Heat,' the 1981 film that made her a star.
Kathleen Turner on the set of ‘Body Heat,’ the 1981 film that made her a star.

The scene that made Kathleen Turner a sex symbol had the following dialogue:

“Maybe you shouldn’t dress like that.”

“This is a blouse and a skirt. I don’t know what you’re talking about.”

“You shouldn’t wear that body.”

Lawrence Kasdan wrote the script for Body Heat (1981), but Turner offered the neo-noir film a sexuality that transcended the screen. The sweaty and bewildered William Hurt fell before her like all the spectators.

So, what happened to Turner? She was one of the most acclaimed actresses of the 1980s. She demonstrated her talent for drama in Prizzi’s Honor alongside Jack Nicholson and her chemistry with Michael Douglas in Jewel Of The Nile (1985) was evident. Peggy Sue Got Married, by Francis Ford Coppola, earned her an Oscar nomination. She was even the voice of Jessica Rabbit — the animated sex symbol who wasn’t bad, but had just been drawn that way — in Who Framed Roger Rabbit. Her unstoppable trajectory was slowed by rheumatoid arthritis. To hide it, she let the press believe that she was an alcoholic. She didn’t care: she was aware that detox clinics are as common in stars’ biographies as visits to the hairdresser… but no insurer would guarantee the contract of an actress with a disabling illness.

“Producers know what addictions are and are used to managing them,” she confessed to Vulture in 2018. “But if I had said ‘I have a mysterious incurable illness and I don’t know if I’ll be able to walk tomorrow,’ no one was going to hire me.” Still, in a short time, she went from sex symbol to victim of the most embarrassing body-shaming. The phone stopped ringing. She found a place in the sprawling troupe of John Waters, with whom she filmed the hilarious Serial Mom (1994). But as the illness worsened, so did the addictions with which she tried to cope with the pain. Her appearances became more and more sporadic, but never without talent.

She was splendid as the fanatical matriarch of the Lisbon family in The Virgin Suicides and hilarious as the transgender father of Mathew Perry in Friends… a role she doesn’t regret, but one she wouldn’t do again. “There was no question of casting a trans person or a drag queen — it was never considered. It never crossed my mind that I was taking a role from someone. But I certainly don’t regret having taken it. It was a challenge!” she told The Guardian.

What’s she doing now? Television. To the delight of nostalgic folks, she has returned to share the screen with Michael Douglas in the second season of The Kominsky Method, three decades after their apocalyptic divorce in The War of the Roses (1989). The chemistry between the two is still intact.

Debra Winger (68)

Debra Winger, on the red carpet in Rome, in 2011.
Debra Winger, on the red carpet in Rome, in 2011.

Stefania D’Alessandro (getty images)

The scene that made her a sex symbol was her ride on a mechanical bull in Urban Cowboy (1980). She managed to eclipse a John Travolta who had just triumphed in Saturday Night Fever and Grease. When Debra Winger is on screen, you don’t notice anyone else.

What happened to her career? The acidic and rarely-accommodating film critic Pauline Kael commended that she was “one of the main reasons for going to see movies in the 1980s.” However, 40 years later, her name is synonymous with slamming the door on Hollywood — a goodbye amplified by Rosana Arquette’s documentary Searching for Debra Winger (2002), in which several actresses commented on the problem of finding good female roles after the age of 35.

It was Sissy Spacek abandoning the role that allowed Winger to star in Urban Cowboy, even though the all-powerful producer Robert Evans considered her unattractive for the part. It wasn’t the last time she had to hear something like that. Don Simpson crudely considered her “not f**kable enough” to star in An Officer And A Gentleman (1982). The Academy disagreed, nominating her for an Oscar.

Her second nomination came for the tearjerker Terms of Endearment (1983), the third for the delightful Shadowlands (1993), the love story between poet Joey Gresham and C.S. Lewis, author of The Chronicles of Narnia. She also starred in offbeat thrillers like Black Widow (1987) or Costa Gavras’ Betrayed (1988). She stepped into the shoes of Jane Bowles in Bernardo Bertolucci’s The Sheltering Sky (1990). But at the age of 40, she decided to leave Hollywood and has only returned sporadically.

What’s she doing now? We’ve seen her play Ashton Kutcher’s mother in the Netflix series The Ranch and Joseph Gordon-Levitt’s mother in Apple TV’s Mr. Corman. Quite a change for someone who once had the most hypnotic presence on the big screen.

Linda Fiorentino (63)

Linda Fiorentino in 1986.
Linda Fiorentino in 1986.Cordon

The scene that made her a sex symbol: a brunette walks into a joint swaggering. Five minutes later, she’s putting her hand on the fly of a boastful cowboy. Hollywood had just found the heiress of Lauren Bacall, Gene Tierney and Barbara Stanwyck.

What happened to Linda Fiorentino’s career? The Last Seduction (1994), an independent erotic thriller, captivated critics and won Fiorentino the Independent Spirit Award for Best Female Lead and the New York Film Critics Circle Award for Best Actress. She didn’t aspire to an Academy Award, because the film had premiered directly on the HBO network, which — at that time — meant that she was ineligible. But this didn’t prevent Vanity Fair from including her on its iconic cover of female stars of the year.

Previously, she had had a small but unforgettable role as a dominatrix sculptor in Martin Scorsese’s After Hours and formed part of the beautiful cast of The Moderns, by Alan Rudolph. They weren’t great roles, but they were enough to create expectations that The Last Seduction fulfilled. It was more difficult to maintain this fame, however. Hollywood offered her another erotic thriller: an imitation of Basic Instinct, with the same screenwriter, the over-the-top Joe Eszterhas. Produced by the legendary Robert Evans and directed by William Friedkin — the man responsible for The Exorcist — it seemed that nothing could go wrong. But everything did.

In Men in Black, she moved away from the roles that had made her popular. While her role in the second part of the saga was taken for granted, she disappeared without further explanation, although rumors spoke of a “difficult” character. In the language of Hollywood, this means having your own opinions and not being a mere instrument to reaffirm male power on or off-screen.

What’s she doing now? Nothing related to cinema. Hers was one of the most emphatic goodbyes in the industry.

Susan Sarandon (New York, age 77)

Susan Sarandon at the 2017 Cannes Film Festival.
Susan Sarandon at the 2017 Cannes Film Festival.Antony Jones (Getty Images)

The scene that made her a sex symbol was when she washed her naked body with lemons in Atlantic City (1980), with the decadent gangster, played by Burt Lancaster, eagerly watching. Intimate grooming had never been so sensual. As in the best erotic scenes, the most seductive thing is what Louis Malle doesn’t show, but the viewer intuits.

From the beginning, Sarandon demonstrated that she was never going to take the easy path. She worked under Billy Wilder in the masterful The Front Page (1974) and was part of the iconic The Rocky Horror Picture Show (1975). Under the orders of her partner, Louis Malle, she served as Brooke Shields’ pimp mother in Pretty Baby (1978) and fell in love with a vampire in The Hunger (1983).

In the mid-1980s — starring alongside Michelle Pfeiffer and Cher — she formed the stellar trio that fought the diabolical Jack Nicholson in The Witches Of Eastwick and was a kind of groupie philosopher who slept with a baseball player each season in Bull Durham… one of those films in which you’re certain that the script hasn’t been read by any woman with the power to touch a single comma. In it, she shared filming duties with her husband, Tim Robbins.

The couple soon became the conscience of Hollywood. Their denunciation of the treatment experienced by Haitians suffering with HIV in a Guantánamo Bay prison earned them a veto from the Academy. With Thelma & Louise, she earned an Oscar nomination and the greatest popularity of her career. But it was the life of a real nun, Sister Helen Prejean, that earned her the statuette for Dead Man Walking (1995).

What’s she doing now? Probably looking for a new agency. Her support for the Palestinian cause has led to the company that has represented her for 14 years to dissociate itself from her. But if Sarandon’s human rights activism hasn’t waned, neither has her schedule: she currently has four projects underway.

Michelle Pfeiffer (65)

Michelle Pfeiffer.
Michelle Pfeiffer. Danielle Levitt / Henry Rose

In Scarface (1983), a blonde — whose face we don’t see — descends in a glass elevator, wearing an emerald slip dress. Al Pacino’s look of desire and fascination as she approaches him was the same look that millions of viewers gave her in theaters.

What happened to Michelle Pfeiffer’s career? She’s a well-rounded actress: she’s done drama, comedy and musicals. She was evil in Disney’s productions and a superhero in the Marvel and DC worlds. Her films have grossed more than $7 billion at the box office and she has eight nominations for the Golden Globes (six of them consecutive) and three for the Oscars. She was stunning in the medieval fantasy Ladyhawke, whose script she was forced to edit to prevent herself from just being a damsel in distress. She got her first Oscar nomination as a teacher in Dangerous Minds (1994), where she made it clear that she was much more than just a pretty face. When she took to the piano in The Fabulous Baker Boys, the world held its breath.

The 1990s are simply filled with her unforgettable performances, from the waitress in Frankie and Johnny, to the tough teacher in Dangerous Minds. With nothing more to prove, she slowed down. “I didn’t set out to stop working, it wasn’t my plan. But I became so difficult in terms of my prerequisites.”

What’s she doing now? With French Exit, she got her most recent Golden Globe nomination in 2021. Recently, she’s been in a television series about Betty Ford and played Janet Van Dyne in Ant-Man and the Wasp. Let’s hope she still has a few returns left — the worst Marvel movie ever doesn’t deserve to be her farewell.

Jessica Lange (74)

Jessica Lange in 1976.
Jessica Lange in 1976.Hulton Deutsch (Corbis via Getty Images)

Jessica Lange’s sex scene on a kitchen table in The Postman Always Rings Twice (1981) exuded so much realism that Bob Rafelson was forced to deny that the sex had been real. Lange and Jack Nicholson gave a new meaning to sharing household chores and showed that extremely intense eroticism can be transmitted without showing too much skin.

What happened to her career? She made her film debut in a big way. She was the object of King Kong’s desire in Dino De Laurentis’ version, a remake that would be forgettable if it weren’t for her presence. But it was The Postman Always Rings Twice that put her on the map. The following year, Frances — the tragic biography of the actress Frances Farmer — established her as a dramatic actress. In 1983, she was nominated as best actress and as best supporting actress. She won the latter for Tootsie, although she didn’t think much of it. “The Oscars have become utter nonsense, [they have] nothing to do with movies.” Whether she cared about awards or not, she racked them up for her roles in Sweet Dreams (1985) and Music Box (1989), but it was her performance as Tommy Lee Jones’ manic-depressive wife in Blue Sky (1994) that gave Lange her second Oscar.

What’s she doing now? Although she’s recently threatened to retire, she has several projects in the works, such as a film about Marlene Dietrich’s years in Las Vegas, produced by Ryan Murphy. The director has built up her fame among a new generation of viewers, thanks to the TV series American Horror Story and Feud.

Kelly McGillis (66)

Kelly McGillis and Tom Cruise in 'Top Gun.'
Kelly McGillis and Tom Cruise in ‘Top Gun.’Getty Images

A discreet dance in a barn to the rhythm of Wonderful World in the film Witness (1985) demonstrated the unthinkable… that the Amish could be sexy.

What happened to her career? Thanks to the success of Witness, Kelly McGillis received an offer that was difficult to refuse: the flight instructor who seduces Tom Cruise in Top Gun (1986). Tony Scott’s film instantly established McGillis as a sex symbol. This was despite the fact that the hottest scenes were added in later, when, during screen tests, viewers indicated that they wanted something more than endless sequences of flights and volleyball games.

She was subsequently offered the role in The Accused (1988) that would end up being played by Jodie Foster. While Lange didn’t reveal it at the time, she rejected the part since she herself had been a victim of rape. She preferred to play the protagonist’s lawyer: it became her first relevant role in which she wasn’t cast as a mere accessory to the male protagonist.

Unfortunately, her stardom had an early expiration date. Like so many women on the list, she was labeled as “difficult.” She has refused to fight aging through artificial means and, in 2009, she came out as a lesbian.

Lange hasn’t had a big role in years. Given industry prejudices, there was no place for her in the latest Top Gun movie.

Melanie Griffith (66)

Antonio Banderas and Melanie Griffith.
Antonio Banderas and Melanie Griffith.
Kevin Winter (Getty Images)

Melanie Griffith became a sex symbol in Brian de Palma’s Body Double (1984). She played the role of Holly Body, strutting sensually behind a window, wearing fishnet stockings. The film paid a direct homage to Rear Window (1954) and Vertigo (1958).

How did her career go? Before being directed by De Palma — Hitchcock’s biggest admirer — Griffith had participated with her mother in Roar (1981), the most dangerous production in the history of cinema, in which many of the actors were harmed by animal attacks. Still, that wasn’t the worst thing that she faced in life.

She played a crazy and dangerous blonde in Something Wild (1986), but it was her role in Working Girl (1988) that shot her to fame. If the character, Tess McGil, had a mind for business and a body for sin, Griffith had a preternatural talent for comedy. She got a Golden Globe and an Oscar nomination. She then chained herself to failed projects, such as The Bonfire of the Vanities and Shining Through with Michael Douglas. Her marriages to Don Johnson and Antonio Banderas began to attract more attention than her films.

What’s she doing now? Taking it easy. Griffith’s well-known drug and alcohol addictions temporarily stalled her career at different points. In August of 2018, she confessed that she had recovered from skin cancer. She’s very active on social media, where she likes to post about her famous family.

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Assessing Property Size: What Square Footage Can You Get With The Average UK House Price In Your Area?

Assessing Property Size In The UK

In the United Kingdom, there is a prevailing tendency to gauge the size of residences based on the number of bedrooms rather than square footage. In fact, research indicates that three out of five individuals are unaware of the square footage of their property.

However, a comprehensive analysis conducted by Savills reveals significant variations in property sizes throughout the country. For instance, with the average property price standing at £340,837, this amount would typically afford a studio flat spanning 551 square feet in London, according to the prominent estate agency.

Conversely, in the North East region, the same sum would secure a spacious five-bedroom house measuring 1,955 square feet, nearly four times the size of a comparable property in London.

Best value: Heading to the North East of England is where buyers will get the most from their money

In Scotland, the median house price equates to a sizable investment capable of procuring a generous four-bedroom residence spanning 1,743 square feet. Conversely, in Wales, Yorkshire & The Humber, and the North West, this sum affords a slightly smaller four-bedroom dwelling of approximately 1,500 square feet, while in the East and West Midlands, it accommodates a 1,300 square foot home. In stark contrast, within the South West, £340,837 secures a modest 1,000 square foot property, and in the East, an even more confined 928 square feet.

London presents the most challenging market, where this budget offers the least purchasing power. Following closely, the South East allows for 825 square feet of space or a medium-sized two-bedroom dwelling. Lucian Cook, head of residential research at Savills, emphasizes the profound disparity in purchasing potential across Britain, ranging from compact studio flats in London to spacious four or five-bedroom residences in parts of North East England.

While square footage serves as a critical metric, with a significant portion of Britons unfamiliar with their property’s dimensions, the number of bedrooms remains a traditional indicator of size. Personal preferences, such as a preference for larger kitchens, may influence property selection. For those prioritizing ample space, Easington, County Durham, offers a substantial 2,858 square foot, five-bedroom home, while Rhondda, Wales, and Na h-Eileanan an Iar, Scotland, provide 2,625 and 2,551 square feet, respectively. Conversely, in St Albans, Hertfordshire, £340,837 secures a mere 547 square feet, equivalent to a one-bedroom flat.

The disparity continues in central London, where purchasing power diminishes considerably. In Kensington, the budget accommodates a mere 220 square feet, contrasting with the slightly more spacious 236 square feet in Westminster. Conversely, in Dagenham, the same investment translates to 770 square feet. Three properties currently listed on Rightmove exemplify the diversity within this price range across the UK market.

South of the river: This semi-detached house is located near to three different train stations

South of the river: This semi-detached house is located near to three different train stations

2. Lewisham: One-bed house, £345,000

This one-bedroom property in Lewisham, South London, is on the market for £345,000.

The semi-detached house is set over two floors, and has a private patio.

The property is located near to bus links and amenities, as well as Catford train station.

Edinburgh fringe: This three-bed property is located on the edge of the city, near to the town of Musselburgh

Edinburgh fringe: This three-bed property is located on the edge of the city, near to the town of Musselburgh

3. Edinburgh: Three-bed house, £350,000

This three-bedroom detached house in Edinburgh could be yours for £350,000.

The house, which has a two-car driveway, boasts a large kitchen diner, and is within easy reach of Newcriaghall train station.

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Top 10 Florida Cities Dominate The Business Startup Landscape In The U.S.

Top 10 Florida Cities And Business Startup Landscape In The U.S.

The Voice Of EU | Florida emerges as a hub for entrepreneurial endeavors, with its vibrant business landscape and conducive environment for startups. Renowned for its low corporate tax rates and a high concentration of investors, the Sunshine State beckons aspiring entrepreneurs seeking fertile grounds to launch and grow their businesses.

In a recent report by WalletHub, Florida cities dominate the list of the top 10 best destinations for business startups, showcasing their resilience and economic vitality amidst challenging times.

From Orlando’s thriving market to Miami’s dynamic ecosystem, each city offers unique advantages and opportunities for entrepreneurial success. Let’s delve into the chronologically listed cities that exemplify Florida’s prominence in the business startup arena.

1. Orlando Leads the Way: Orlando emerges as the most attractive market in the U.S. for business startups, with a remarkable surge in small business establishments. WalletHub’s latest report highlights Orlando’s robust ecosystem, fostering the survival and growth of startups, buoyed by a high concentration of investors per capita.

2. Tampa Takes Second Place: Securing the second spot among large cities for business startups, Tampa boasts a favorable business environment attributed to its low corporate tax rates. The city’s ample investor presence further fortifies startups, providing essential resources for navigating the initial years of business operations.

3. Charlotte’s Diverse Industries: Claiming the third position, Charlotte stands out for its diverse industrial landscape and exceptionally low corporate taxes, enticing companies to reinvest capital. This conducive environment propels entrepreneurial endeavors, contributing to sustained economic growth.

4. Jacksonville’s Rising Profile: Jacksonville emerges as a promising destination for startups, bolstered by its favorable business climate. The city’s strategic positioning fosters entrepreneurial ventures, attracting aspiring business owners seeking growth opportunities.

5. Miami’s Entrepreneurial Hub: Miami solidifies its position as a thriving entrepreneurial hub, attracting businesses with its dynamic ecosystem and strategic location. The city’s vibrant startup culture and supportive infrastructure make it an appealing destination for ventures of all sizes.

6. Atlanta’s Economic Momentum: Atlanta’s ascent in the business startup landscape underscores its economic momentum and favorable business conditions. The city’s strategic advantages and conducive policies provide a fertile ground for entrepreneurial ventures to flourish.

7. Fort Worth’s Business-Friendly Environment: Fort Worth emerges as a prime destination for startups, offering a business-friendly environment characterized by low corporate taxes. The city’s supportive ecosystem and strategic initiatives facilitate the growth and success of new ventures.

8. Austin’s Innovation Hub: Austin cements its status as an innovation hub, attracting startups with its vibrant entrepreneurial community and progressive policies. The city’s robust infrastructure and access to capital foster a conducive environment for business growth and innovation.

9. Durham’s Emerging Entrepreneurship Scene: Durham’s burgeoning entrepreneurship scene positions it as a promising destination for startups, fueled by its supportive ecosystem and strategic initiatives. The city’s collaborative culture and access to resources contribute to the success of new ventures.

10. St. Petersburg’s Thriving Business Community: St. Petersburg rounds off the top 10 with its thriving business community and supportive ecosystem for startups. The city’s strategic advantages and favorable business climate make it an attractive destination for entrepreneurial endeavors.

Despite unprecedented challenges posed by the COVID-19 pandemic, the Great Resignation, and high inflation, these top Florida cities remain resilient and well-equipped to overcome obstacles, offering promising opportunities for business owners and entrepreneurs alike.

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European Startup Ecosystems Awash With Gulf Investment – Here Are Some Of The Top Investors

European Startup Ecosystem Getting Flooded With Gulf Investments

The Voice Of EU | In recent years, European entrepreneurs seeking capital infusion have widened their horizons beyond the traditional American investors, increasingly turning their gaze towards the lucrative investment landscape of the Gulf region. With substantial capital reservoirs nestled within sovereign wealth funds and corporate venture capital entities, Gulf nations have emerged as compelling investors for European startups and scaleups.

According to comprehensive data from Dealroom, the influx of investment from Gulf countries into European startups soared to a staggering $3 billion in 2023, marking a remarkable 5x surge from the $627 million recorded in 2018.

This substantial injection of capital, accounting for approximately 5% of the total funding raised in the region, underscores the growing prominence of Gulf investors in European markets.

Particularly noteworthy is the significant support extended to growth-stage companies, with over two-thirds of Gulf investments in 2023 being directed towards funding rounds exceeding $100 million. This influx of capital provides a welcome boost to European companies grappling with the challenge of securing well-capitalized investors locally.

Delving deeper into the landscape, Sifted has identified the most active Gulf investors in European startups over the past two years.

Leading the pack is Aramco Ventures, headquartered in Dhahran, Saudi Arabia. Bolstered by a substantial commitment, Aramco Ventures boasts a $1.5 billion sustainability fund, alongside an additional $4 billion allocated to its venture capital arm, positioning it as a formidable player with a total investment capacity of $7 billion by 2027. With a notable presence in 17 funding rounds, Aramco Ventures has strategically invested in ventures such as Carbon Clean Solutions and ANYbotics, aligning with its focus on businesses that offer strategic value.

Following closely is Mubadala Capital, headquartered in Abu Dhabi, UAE, with an impressive tally of 13 investments in European startups over the past two years. Backed by the sovereign wealth fund Mubadala Investment Company, Mubadala Capital’s diverse investment portfolio spans private equity, venture capital, and alternative solutions. Notable investments include Klarna, TIER, and Juni, reflecting its global investment strategy across various sectors.

Ventura Capital, based in Dubai, UAE, secured its position as a key player with nine investments in European startups. With a presence in Dubai, London, and Tokyo, Ventura Capital boasts an international network of limited partners and a sector-agnostic investment approach, contributing to its noteworthy investments in companies such as Coursera and Spotify.

Qatar Investment Authority, headquartered in Doha, Qatar, has made significant inroads into the European startup ecosystem with six notable investments. As the sovereign wealth fund of Qatar, QIA’s diversified portfolio spans private and public equity, infrastructure, and real estate, with strategic investments in tech startups across healthcare, consumer, and industrial sectors.

MetaVision Dubai, a newcomer to the scene, has swiftly garnered attention with six investments in European startups. Focusing on seed to Series A startups in the metaverse and Web3 space, MetaVision raised an undisclosed fund in 2022, affirming its commitment to emerging technologies and innovative ventures.

Investcorp, headquartered in Manama, Bahrain, has solidified its presence with six investments in European startups. With a focus on mid-sized B2B businesses, Investcorp’s diverse investment strategies encompass private equity, real estate, infrastructure, and credit management, contributing to its notable investments in companies such as Terra Quantum and TruKKer.

Chimera Capital, based in Abu Dhabi, UAE, rounds off the list with four strategic investments in European startups. As part of a prominent business conglomerate, Chimera Capital leverages its global reach and sector-agnostic approach to drive investments in ventures such as CMR Surgical and Neat Burger.

In conclusion, the burgeoning influx of capital from Gulf investors into European startups underscores the region’s growing appeal as a vibrant hub for innovation and entrepreneurship. With key players such as Aramco Ventures, Mubadala Capital, and Ventura Capital leading the charge, European startups are poised to benefit from the strategic investments and partnerships forged with Gulf investors, propelling them towards sustained growth and success in the global market landscape.

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