“We will actively co-invest and syndicate deals with existing funds and angels in the ecosystem, with the goal of investing in 100-200 companies,” said 500 Startups. “Our main areas of focus will be e-commerce and marketplaces, video and Arabic content, SaaS, mobile, fintech, hardware and IoT.”
500 Startups also plans to do follow-on investments of up to $500,000 in the top 20-30% of its companies. 500 Falcons will be led by 500 Startups Partner Hasan Haider.
Beyond being an active investor and key player in the seed stage, 500 will bridge the gap between MENA and Silicon Valley for both startups and investors. In addition, it plans advise governments and private sector counterparts on how to support and invest in startups and tech.
