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

SAN FRANCISCO–(Company WIRE)–500 Startups, the most lively early phase venture capital organization globally1, declared currently the appointment of SHUAA Cash, represented by Jassim Alseddiqi, as Advisor to its Falcons I fund in MENA (500 Falcons, L.P.).

SHUAA underneath Alseddiqi’s management will target its support on advising 500 Startups’ Falcons I portfolio companies in funding and exit tactics, as the firm’s MENA fund nears the finish of its deployment.

As CEO of SHUAA, Alseddiqi operates just one of the leading economic solutions firms in the Middle East, SHUAA Capital psc (DFM: SHUAA), with USD 13 billion underneath management. He is actively associated in the region’s startup ecosystem, major many investments in AI, Edtech, Fintech and other sectors.

“We are thrilled to have SHUAA and Jassim with us as we put together for the future section of 500 in MENA. As a seasoned asset manager and govt, he provides a wealth of experience, and his support and mentorship will be invaluable to our portfolio founders,” says Courtney Powell, Chief Operating Officer of 500 Startups.

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

“500 Startups is a powerhouse in MENA with a distinctive global system that has contributed significantly to the startup ecosystem. Having created a deep network of buyers and investments across MENA with SHUAA, I glance ahead to guiding and collaborating with founders to get their firms to the subsequent degree, regardless of whether through even further growth or exit approaches. SHUAA is eager on making on our VC and Engineering sector investments and exposure, and we are proud to align ourselves with planet-class establishments these types of as 500 Startups,” claims Jassim Alseddiqi.

Alseddiqi took the helm of SHUAA in 2019 soon after a successful merger with Abu Dhabi Fiscal Group (ADFG) which he launched in 2011. He is also an energetic board member of a quantity of organizations, such as chairman of Gulf Finance Residence, SALAMA Islamic Arab Insurance plan Firm, Eshraq Investments, Khaleeji Professional Lender and The Entertainer.

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

About 500 Startups

500 Startups is 1 of the most energetic international early phase enterprise money corporations. Because our inception in 2010, we have invested in above 2,400 providers across 77 nations. Our 140-furthermore group customers are found in additional than 17 countries to help 500 Startups’ world wide portfolio. Noteworthy investments consist of Credit history Karma, Canva, Talkdesk, Intercom, GitLab, Seize, and Bukalapak.

We also assist acquire innovation ecosystems by supporting startups and investors via accelerator and instructional programs, events, and partnerships with businesses and governments all-around the entire world.

About SHUAA Funds

SHUAA Funds psc (DFM: SHUAA) is a foremost asset management and investment banking system, with USD 13 billion in property less than management and with offices during the Middle East and the United Kingdom. SHUAA Cash psc is recognized for its sturdy observe record and revolutionary approach to investing by a differentiated, revolutionary and international merchandise presenting concentrated on public and non-public marketplaces, financial debt and genuine estate.

NOTES: THIS Press Launch IS Intended Only TO Offer Info Concerning 500 STARTUPS Administration Firm, L.L.C. (Together WITH ITS Affiliate marketers, “500 STARTUPS”) AND SHUAA Capital, PSC. ALL Material Delivered IN THIS Press Release IS Provided FOR Typical INFORMATIONAL OR Educational Uses ONLY. SHUAA Funds, PSC HAS Delivered THE Details RELATING TO SHUAA Money AND ITS Reps, WHICH HAS NOT BEEN Verified BY 500 STARTUPS. 500 STARTUPS Helps make NO REPRESENTATIONS AS TO THE Precision OF Data CONTAINED IN THIS Push Release AND Even though 500 STARTUPS HAS TAKEN Fair Methods TO Make sure THAT THE Facts CONTAINED IN THIS Press Release IS Accurate AND UP-TO-Day, NO Legal responsibility CAN BE Acknowledged FOR ANY Error OR OMISSIONS. FIGURES ARE APPROXIMATED Based ON Inside ESTIMATES AS OF JULY 31, 2020 AND HAVE NOT BEEN INDEPENDENTLY Verified.

Beneath NO Conditions Should ANY Data OR Content IN THIS Press Launch, BE Viewed as AS AN Supply TO Provide OR SOLICITATION OF Fascination TO Acquire ANY SECURITIES Suggested BY 500 STARTUPS OR ANY OF ITS Affiliate marketers OR Representatives. More, NO Written content OR Facts CONTAINED IN THIS Push Launch IS OR IS Intended AS AN Give TO Present ANY Expense ADVISORY Service OR Financial Information BY 500 STARTUPS OR SHUAA Cash. Nothing at all CONTAINED HEREIN Really should BE CONSTRUED AS AN ENDORSEMENT BY 500 STARTUPS OF ADVISORY OR OTHER Services Supplied BY ANY 3rd Bash (Together with SHUAA Cash). Below NO Conditions Really should Nearly anything HEREIN BE CONSTRUED AS FUND Marketing and advertising Components BY Prospective Buyers Thinking about AN Expense INTO ANY 500 STARTUPS Investment decision FUND. 500 STARTUPS Courses AND Activities ARE OPERATED BY 500 STARTUPS INCUBATOR, L.L.C. AND THE Cash Encouraged BY 500 STARTUPS Management Company, L.L.C. DO NOT Participate IN ANY Revenue Produced BY THESE Activities.


1Supply: PitchBook Facts Inc., 2019 Annual World wide League Tables (https://pitchbook.com/information/reports/2019-once-a-year-world wide-league-tables), web page 12