500 Startups Appoints SHUAA Capital as an Advisor to its 500 Falcons I Fund

Elroy Mariano

The appointment comes as the world wide venture money business expands in MENA 500 Startups, the most lively early phase enterprise cash agency globally1, declared today the appointment of SHUAA Cash, represented by Jassim Alseddiqi, as Advisor to its Falcons I fund in MENA (500 Falcons, L.P.). This press release […]

The appointment comes as the world wide venture money business expands in MENA

500 Startups, the most lively early phase enterprise cash agency globally1, declared today the appointment of SHUAA Cash, represented by Jassim Alseddiqi, as Advisor to its Falcons I fund in MENA (500 Falcons, L.P.).

This press release characteristics multimedia. Watch the full release here: https://www.businesswire.com/information/residence/20201017005019/en/

SHUAA Cash CEO Jassim Alseddiqi (Photograph: Business enterprise Wire)

SHUAA less than Alseddiqi’s management will concentrate its help on advising 500 Startups’ Falcons I portfolio providers in funding and exit strategies, as the firm’s MENA fund nears the finish of its deployment.

As CEO of SHUAA, Alseddiqi operates just one of the top financial services companies in the Middle East, SHUAA Capital psc (DFM: SHUAA), with USD 13 billion underneath administration. He is actively involved in the region’s startup ecosystem, top a number of investments in AI, Edtech, Fintech and other sectors.

“We are thrilled to have SHUAA and Jassim with us as we put together for the upcoming phase of 500 in MENA. As a seasoned asset manager and govt, he delivers a wealth of practical experience, and his company and mentorship will be priceless to our portfolio founders,” suggests Courtney Powell, Main Working Officer of 500 Startups.

Alseddiqi’s appointment follows the announcement of new additions to Falcons I, which includes Bedy Yang as Taking care of Partner, and Rina Onur as Advisor.

“500 Startups is a powerhouse in MENA with a exclusive international system that has contributed considerably to the startup ecosystem. Owning built a deep community of traders and investments throughout MENA with SHUAA, I look forward to guiding and collaborating with founders to consider their organizations to the future amount, whether or not as a result of even more growth or exit methods. SHUAA is keen on constructing on our VC and Technologies sector investments and publicity, and we are proud to align ourselves with planet-course institutions this kind of as 500 Startups,” suggests Jassim Alseddiqi.

Alseddiqi took the helm of SHUAA in 2019 right after a productive merger with Abu Dhabi Economical Group (ADFG) which he launched in 2011. He is also an active board member of a variety of providers, such as chairman of Gulf Finance Dwelling, SALAMA Islamic Arab Insurance coverage Firm, Eshraq Investments, Khaleeji Business Financial institution and The Entertainer.

Alseddiqi retains a BSc in Electrical Engineering from the College of Wisconsin-Madison and an MSc in Electrical Engineering from Cornell College.

About 500 Startups

500 Startups is a person of the most lively world early phase venture funds corporations. Since our inception in 2010, we have invested in above 2,400 providers across 77 international locations. Our 140-plus team associates are situated in additional than 17 nations around the world to help 500 Startups’ global portfolio. Notable investments incorporate Credit history Karma, Canva, Talkdesk, Intercom, GitLab, Get, and Bukalapak.

We also aid build innovation ecosystems by supporting startups and investors by means of accelerator and academic packages, occasions, and partnerships with firms and governments around the planet.

About SHUAA Capital

SHUAA Cash psc (DFM: SHUAA) is a top asset administration and investment banking system, with USD 13 billion in property below management and with offices in the course of the Middle East and the United Kingdom. SHUAA Funds psc is acknowledged for its strong observe history and revolutionary strategy to investing as a result of a differentiated, ground breaking and international products giving targeted on general public and private markets, personal debt and actual estate.

NOTES: THIS Push Launch IS Supposed Only TO Present Facts About 500 STARTUPS Administration Business, L.L.C. (Alongside one another WITH ITS Affiliates, “500 STARTUPS”) AND SHUAA Funds, PSC. ALL Material Delivered IN THIS Press Launch IS Offered FOR Common INFORMATIONAL OR Instructional Needs ONLY. SHUAA Funds, PSC HAS Provided THE Data RELATING TO SHUAA Cash AND ITS Reps, WHICH HAS NOT BEEN Verified BY 500 STARTUPS. 500 STARTUPS Tends to make NO REPRESENTATIONS AS TO THE Precision OF Data CONTAINED IN THIS Press Launch AND Although 500 STARTUPS HAS TAKEN Fair Ways TO Be certain THAT THE Information and facts CONTAINED IN THIS Press Launch IS Exact AND UP-TO-Day, NO Liability CAN BE Acknowledged FOR ANY Error OR OMISSIONS. FIGURES ARE APPROXIMATED Centered ON Inside ESTIMATES AS OF JULY 31, 2020 AND HAVE NOT BEEN INDEPENDENTLY Confirmed.

Beneath NO Situation Should really ANY Info OR Material IN THIS Push Launch, BE Viewed as AS AN Give TO Market OR SOLICITATION OF Curiosity TO Acquire ANY SECURITIES Encouraged BY 500 STARTUPS OR ANY OF ITS Affiliates OR Associates. Even further, NO Content OR Information and facts CONTAINED IN THIS Push Launch IS OR IS Meant AS AN Present TO Offer ANY Expenditure ADVISORY Service OR Economical Suggestions BY 500 STARTUPS OR SHUAA Money. Nothing at all CONTAINED HEREIN Should really BE CONSTRUED AS AN ENDORSEMENT BY 500 STARTUPS OF ADVISORY OR OTHER Providers Presented BY ANY Third Party (Which include SHUAA Funds). Underneath NO Circumstances Should really Anything at all HEREIN BE CONSTRUED AS FUND Marketing Elements BY Prospective Investors Looking at AN Financial commitment INTO ANY 500 STARTUPS Expenditure FUND. 500 STARTUPS Programs AND Occasions ARE OPERATED BY 500 STARTUPS INCUBATOR, L.L.C. AND THE Money Advised BY 500 STARTUPS Administration Business, L.L.C. DO NOT Participate IN ANY Profits Created BY THESE Pursuits.

1Source: PitchBook Details Inc., 2019 Annual International League Tables (https://pitchbook.com/news/stories/2019-once-a-year-worldwide-league-tables), page 12

Perspective source variation on businesswire.com: https://www.businesswire.com/information/house/20201017005019/en/

Contacts

Zina Moukheiber
Director of Corporate Communications
500 Startups
[email protected]
+1-646-298-7510

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