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About Us

From humble beginnings

Rahim Amidi and Saeed Amidi are the two principal managers of the Amidi Group of Companies. Rahim and Saeed have accumulated 65 years of expertise in start-up businesses, international trading companies, manufacturing, and distribution in variety of industries including, real estate and technology, both domestically and internationally. These experiences have lead Rahim and Saeed to create a variety of community-based real estate development projects specifically designed for the technology and entertainment industries, as well as a live-work community for professionals in all the industries.

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The Amidi family is proud to continue its tradition in the real estate, technology and investment sectors with the help of the new generation of Amidi family entrepreneurs, investors, and overall business minds. For the past 8 years, the new generation of the Amidi family has been involved in all aspects of the Amidi Group and will continue to grow and expand the Amidi Group into the future. The Amidi Group, though its various holdings and brands, currently owns and manages more than 1 million square feet of real estate space along with assets under management exceeding $2 billion.

65 Years of expertise
1+ Million sqft of real estate space
$2+ Billion of managed assets

Where it all started

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Medallion Rug Gallery

By the mid 1970s, the Amidi Family had established itself as the 7th largest industrialized and privately owned conglomerate in Iran; Bella Industrial Group. As one of the largest manufacturers and distributors of shoes in the region, the enterprise expanded into new industries including: tannery, textiles, packing, hosiery, and banking. By the late 1970s, the socio-economic climate in Iran would force the family to move out of the region and into the US where they would once again start from scratch. In 1979, the beginnings of a new empire were established with a small retail shop, Medallion Rug Gallery. Running to this day, this rug store in Palo Alto, California would be the seed that grew into what is now the Amidi Group, a diverse and multi-national empire.

Our Milestones

Since 1964

The Amidi Family has been manufacturing and distributing, shoes, textiles, pharmaceutical products, bottled water and plastic products.

1970's

The Amidi Family moves to the U.S.

1979

ALPS and Chemtex are founded.

November 1979

Polytex Corporation (dba Medallion Rug Gallery) opens in Palo Alto, CA

December 1986

Family purchases 165 University Avenue in Palo Alto, CA; over the years, the office building would become home to many notable tenants including: Google, PayPal, and Logitech

1996

ALPS and Chemtex merge.

2001

Hollywood Production Center opens its first location.

October 2002

PayPal, an Amidi investment portfolio company, is acquired by Ebay

2006

Plug and Play opens its Sunnyvale, CA headquarter campus.

July 2008

TENTEN Wilshire opens in Downtown Los Angeles, CA.

December 2014

Lending Club, an Amidi investment portfolio company, has its IPO

March 2018

DropBox, an Amidi investment portfolio company, has its IPO.

November 2019

Honey, an Amidi investment portfolio company, is acquired by PayPal.

Today

The Amidi Group continues to experience exponential growth both domestically and internationally.  Plug and Play has a footprint in 14 countries. Hollywood Production Center has multiple US locations. TENTEN has an additional 1,000,000 square feet of real estate projects currently in its pipeline.  The combination of Amidi Group’s continued global activities will ensure it remains a leading world innovator in technology and community development.

Since 1964

1970's

1979

November 1979

December 1986

1996

2001

October 2002

2006

July 2008

December 2014

March 2018

November 2019

Today

Meet the Founders

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Rahim Amidi

Rahim is a technology investor, serial entrepreneur, and seasoned executive with over 35 years of experience in early-stage venture capital, as well as commercial real estate development and management.

With a deep network in Silicon Valley and Los Angeles, Rahim has been a successful investor in early-stage startups since 1998. Rahim is an early-stage investor in PayPal (NASDAQ: PYPL), DropBox (NASDAQ: DBX), Genapsys, CourseHero, ApplyBoard, Guardant Health (NASDAQ: GH), SoundHound, Vudu (Acquired by Walmart), IntegenX (acquired by Thermo Fisher Scientific), Camstar (Acquired by Siemens), Quantenna Communications (Acquired by ON Semiconductor), Aquantia (Acquired by Marvell Technology), CyberFlow Analytics (acquired by Webroot), NextBio, Surkus, Tenor (Acquired by Google), and The Bouqs Company.

Rahim co-founded the Amidi Group in 1980, a conglomerate of privately-held business enterprises consisting of several domestic and international entities with significant manufacturing, distribution, trading, retail, and real estate holdings. For the past 35 years, he has chaired and spearheaded the operations and management of a number of the Amidi Group entities, growing the aggregate value of its assets under management to over $2 billion.

Rahim is an active member of the technology community and a frequent contributor to numerous charitable foundations.

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Saeed Amidi

Saeed is a technology investor, serial entrepreneur, and seasoned executive with over 30 years of experience in founding, operating, and growing successful companies, as well as investing in early-stage startups. He has successfully started and scaled businesses both domestically and internationally including countries such as: Japan, Germany, France, Austria, Spain, Singapore, Indonesia, Brazil, and Mexico.

Saeed founded Plug and Play, the ultimate innovation platform, in 2006. Since then, the Plug and Play portfolio has raised over $9 billion and has gained invaluable support alongside Plug and Play’s network of over 10,000 startups. With 30+ locations worldwide and 400+ VC Partners, Plug and Play has extended Silicon Valley’s expertise across the world.

Saeed has actively invested in startups since 1998. He has invested in high-growth startups such as PayPal (NASDAQ: PYPL), Honey (Acquired by PayPal), Guardant Health (NASDAQ: GH), DropBox (NASDAQ: DBX), LendingClub (NYSE: LC), Tenor (Acquired by Google), and Deepscale.AI (Acquired by Tesla). Some of his other investments include Rappi, N26, Hippo Insurance, SoundHound, ProcessGold (Acquired by UiPath), api.ai (Acquired by Google), Drastin (Acquired by Splunk), Grove (Acquired by Wealthfront), PowerPlan (Acquired by Roper), Aquantia (Acquired by Marvell), Kamcord (Acquired by Lyft), NextBio (Acquired by Illumina), URX (Acquired by Pinterest), and ChangeCoin (Acquired by Airbnb).

Saeed co-founded the Amidi Group in 1980, a conglomerate of privately-held business enterprises consisting of several domestic and international entities with significant manufacturing, distribution, trading, retail, and real estate holdings.

Saeed is an active member of the technology community, helping bring together entrepreneurs and Fortune 1000 Companies alike. He is also an active member of the Young Presidents’ Organization (YPO), a world-class network of Fortune 500 CEOs, accomplished serial entrepreneurs, and veteran financial executives.

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