May 9, 2017 On Our Blog

Announcing 500 Falcons first closing at $15m out of $30m target

  Today, I’m thrilled to announce the first closing of our 500 Startups MENA Fund (aka 500 Falcons) at $15M out of our $30M target. While we have been investing in the MENA (Middle East and North Africa) region since 2011, including 55 deals in 32 companies for a total of $6M, this is our first fund focused entirely on the Arab world. With this new fund, we plan to invest in approximately 100-150 companies with about half of the fund and reserve the other half for follow-on investment in the top 20% of companies. The fund will focus on early-stage startups in the MENA region, MENA diaspora founders and non-MENA founders targeting MENA. The MENA Team I’m so thrilled …


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Apr 7, 2016 On Our Blog

500 Falcons: A Path To The Oasis For MENA’s Thirsty Startups

In December 2015, 500 Startups unveiled 500 Falcons, a regional micro-fund that covers the MENA region (Middle East + North Africa). Even before launching the fund, which has a target size of $30 million, 500 Startups has made “about 30 deals,” said Hasan Haider, 500’s MENA venture partner. As in other emerging ecosystems, few investors in the region have experience with startups, but through engagement and networking, Haider’s working to cultivate a deeper bench of VCs and angels. “One of the things we’re doing with any LPs in the fund is actively looking to syndicate and co-invest with them,” said Haider. “By showing them some deal flow and giving them access to good deals that we’re investing in, we’re hoping that will …


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