500 Startups appoints Shuaa Capital as advisor to its MENA fund | ZAWYA MENA Edition:
US-based global venture capital firm 500 Startups has appointed Dubai’s Shuaa Capital as advisor to its Falcons 1 Fund in the Middle East and North Africa (MENA) region.
The Dubai-listed firm will focus its support on advising 500 Startups’ Falcons 1 portfolio companies in financing and exit strategies, as the company’s MENA fund nears the end of its deployment.
Shuaa will be represented by its chief executive officer, Jassim Alseddiqi.
The chief executive said they are proud to align themselves with “world-class” institutions such as 500 Startups.
“500 Startups is a powerhouse in MENA with a unique global platform that has contributed significantly to the startup ecosystem. Having built a deep network of investors and investments across [the region] with Shuaa, I look forward to guiding and collaborating with founders to take their businesses to the next level, whether through further development or exit strategies,” said Alseddiqi.
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