3 min read

500 Global Names Amal Enan Partner in Egypt with Plans to Open New Office in Cairo

We're also partnering with Egypt’s Information Technology Industry Development Agency (ITIDA), thus deepening our commitment to the phenomenal founders that have made Egypt one of the most vibrant startup scenes in the Middle East and Africa.

Courtney Powell

COO & Managing Partner, 500 Global

Published

02.12.22

This past week 500 Global announced it will open an office in Cairo, our first on the African continent, and named Amal Enan Partner, marking a big step toward expanding our presence in Egypt and MENA. 

This news, along with a new partnership with Egypt’s Information Technology Industry Development Agency (ITIDA) to launch three separate programs for startups and accelerator managers, deepens our commitment to the phenomenal founders who have made Egypt one of the most vibrant startup scenes in the Middle East and Africa.

As investors in the country for nearly a decade, we’ve witnessed that first-hand. 500 Global already has investments in more than 60 companies, such as MaxAB, Homzmart, Breadfast and MoneyFellows.

Finding talented founders around the world and giving them the tools to flourish has been 500’s motivation from the start. As the Arab world’s most populous country, Egypt has a strong talent pool that is moving past the “clone” stage of startup ecosystem development and into a stage of creating unique concepts. Our partnership with ITIDA aims to develop that talent even further through signature 500 bootcamps for seed-stage companies, “Scale-Up” programs for Pre-Series A companies, and bootcamps for accelerator managers.

We are thankful for the Egyptian founders who have let us play a small role in their journey in a decade that has seen investments in Egyptian startups grow significantly. Last year alone, venture funding rose 168% year-over-year. 

Amal joins us in our next chapter in the country as an investor deeply experienced in the market. We could not be happier to add another incredible woman to our team in MENA

Stay tuned as we look forward to investing in more promising Egyptian founders to foster regional and global success!

 

THE CONTENT IN THIS POST IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY. 500 GLOBAL MAKES NO REPRESENTATIONS AS TO THE ACCURACY OR INFORMATION CONTAINED HEREIN AND WHILE 500 GLOBAL HAS TAKEN REASONABLE STEPS TO ENSURE THAT THE INFORMATION CONTAINED HEREIN IS ACCURATE AND UP-TO-DATE, NO LIABILITY CAN BE ACCEPTED FOR ANY ERROR OR OMISSIONS. UNLESS OTHERWISE STATED IN THIS POST, ANY PREDICTIONS, FORECASTS, CONCLUSIONS, VIEWS OR OPINIONS EXPRESSED REPRESENT THE CURRENT VIEW AND THINKING OF 500 GLOBAL WITH REGARD TO THE SUBJECT MATTER THEREIN BASED ON INTERNAL DATA AGGREGATED ACROSS ALL 500 GLOBAL FUNDS AS OF 11/10/22 AND/OR ANALYSIS WHICH HAS NOT BEEN INDEPENDENTLY VERIFIED, AND WHICH IS SUBJECT TO CHANGE AT ANY TIME.
UNDER NO CIRCUMSTANCES SHOULD ANY OF THE ABOVE CONTENT BE CONSTRUED AS LEGAL, TAX OR INVESTMENT ADVICE FROM 500 GLOBAL OR ANY OF ITS AFFILIATES. 500 GLOBAL DOES NOT GUARANTEE ANY FUTURE RESULTS FOR ANY DECISIONS MADE BASED IN WHOLE OR IN PART ON THE CONTENT OR INFORMATION CONTAINED HEREIN. ALL READERS OF THIS POST SHOULD CONSULT WITH THEIR OWN COUNSEL, ACCOUNTANT OR OTHER PROFESSIONAL ADVISORS BEFORE TAKING ANY ACTION IN CONNECTION WITH THIS POST.
UNDER NO CIRCUMSTANCES SHOULD ANY INFORMATION OR CONTENT IN THIS POST, BE CONSIDERED AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES ADVISED BY 500 GLOBAL OR ANY OF ITS AFFILIATES OR REPRESENTATIVES. FURTHER, NO CONTENT OR INFORMATION CONTAINED IN THIS POST IS OR IS INTENDED AS AN OFFER TO PROVIDE ANY INVESTMENT ADVISORY SERVICE OR FINANCIAL ADVICE BY 500 GLOBAL. UNDER NO CIRCUMSTANCES SHOULD ANYTHING HEREIN BE CONSTRUED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 GLOBAL INVESTMENT FUND. UNDER NO CIRCUMSTANCES SHOULD ANY CONTENT BE INTERPRETED AS TESTIMONIALS OR ENDORSEMENT OF THE INVESTMENT PERFORMANCE OF ANY 500 GLOBAL FUND BY A PROSPECTIVE INVESTOR CONSIDERING AN INVESTMENT INTO ANY 500 GLOBAL FUND.

Courtney Powell

COO & Managing Partner, 500 Global

Courtney Powell is tasked with helping venture capital firm 500 Global scale globally and explore new opportunities across both new and existing markets. She is responsible for driving day-to-day operations across the team to pursue 500’s mission of uplifting people and economies through entrepreneurship. Her ties to 500 Global go back to 2012, when she founded PublikDemand, a member of Batch 4 in 500’s Seed Accelerator. She went on to become CEO of Agent Pronto, one of the largest real estate agent referral services in North America, which was ultimately acquired by Fidelity National Title Group. Most recently, Courtney was the Head of Corporate Development at Keller Williams, the largest real estate franchise in the world. During her tenure, she established the company’s first corporate innovation program, and worked with Keller Capital to invest and acquire tech companies in the real estate space. Courtney was named to the Forbes 30 Under 30 list in 2012, received the Twilio Doer Award in 2013, and became a Google Business Leader in 2015. She attended the University of Texas at Austin and studied French and Corporate Communication.

Recent news & articles

See all articles →
500 Global Partner Clayton Bryan on Doubling Down on Founders and More
Article
3 min read

500 Global Partner Clayton Bryan on Doubling Down on Founders and More

Clayton, who landed on Venture Capital Journal’s 2023 list of Rising Stars, talks about his journey and shares some advice for founders.
Read more →
Making the Most of Office Occupancy
Podcast
Episode 21

Making the Most of Office Occupancy

On our Rise of the Next podcast, Honghao Deng and Jiani Zeng tell us how Butlr, which provides insights into commercial space usage, pivoted during the pandemic.
Read more →
500 LatAm Welcomes Batch 17 Startups to its Somos Lucha Program
latam
5 min read

500 LatAm Welcomes Batch 17 Startups to its Somos Lucha Program

We selected 10 companies from Mexico, Ecuador, Colombia, Argentina and Peru out of 2,011 candidates.
Read more →
A Dispatch to Founders from TechCrunch Disrupt 2022
founders
5 min read

A Dispatch to Founders from TechCrunch Disrupt 2022

Even in difficult times we see opportunities to build game-changing businesses.
Read more →