SAN FRANCISCO–(BUSINESS WIRE)–500 Startups, probably the most lively early stage enterprise capital agency globally1, introduced at present the appointment of SHUAA Capital, represented by Jassim Alseddiqi, as Advisor to its Falcons I fund in MENA (500 Falcons, L.P.).
SHUAA underneath Alseddiqi’s management will focus its help on advising 500 Startups’ Falcons I portfolio firms in financing and exit methods, because the agency’s MENA fund nears the tip of its deployment.
As CEO of SHUAA, Alseddiqi runs one of many main monetary companies corporations within the Center East, SHUAA Capital psc (DFM: SHUAA), with USD 13 billion underneath administration. He’s actively concerned within the area’s startup ecosystem, main a number of investments in AI, Edtech, Fintech and different sectors.
“We’re thrilled to have SHUAA and Jassim with us as we put together for the subsequent section of 500 in MENA. As a seasoned asset supervisor and govt, he brings a wealth of expertise, and his service and mentorship shall be invaluable to our portfolio founders,” says Courtney Powell, Chief Working Officer of 500 Startups.
Alseddiqi’s appointment follows the announcement of latest additions to Falcons I, together with Bedy Yang as Managing Accomplice, and Rina Onur as Advisor.
“500 Startups is a powerhouse in MENA with a singular world platform that has contributed considerably to the startup ecosystem. Having constructed a deep community of traders and investments throughout MENA with SHUAA, I stay up for guiding and collaborating with founders to take their companies to the subsequent degree, whether or not by means of additional improvement or exit methods. SHUAA is eager on constructing on our VC and Expertise sector investments and publicity, and we’re proud to align ourselves with world-class establishments akin to 500 Startups,” says Jassim Alseddiqi.
Alseddiqi took the helm of SHUAA in 2019 after a profitable merger with Abu Dhabi Monetary Group (ADFG) which he based in 2011. He’s additionally an lively board member of a variety of firms, together with chairman of Gulf Finance Home, SALAMA Islamic Arab Insurance coverage Firm, Eshraq Investments, Khaleeji Industrial Financial institution and The Entertainer.
Alseddiqi holds 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 without doubt one of the most lively world early stage enterprise capital corporations. Since our inception in 2010, we now have invested in over 2,400 firms throughout 77 international locations. Our 140-plus crew members are positioned in additional than 17 international locations to help 500 Startups’ world portfolio. Notable investments embody Credit score Karma, Canva, Talkdesk, Intercom, GitLab, Seize, and Bukalapak.
We additionally assist develop innovation ecosystems by supporting startups and traders by means of accelerator and academic packages, occasions, and partnerships with firms and governments all over the world.
About SHUAA Capital
SHUAA Capital psc (DFM: SHUAA) is a number one asset administration and funding banking platform, with USD 13 billion in belongings underneath administration and with workplaces all through the Center East and the UK. SHUAA Capital psc is acknowledged for its sturdy observe file and pioneering strategy to investing by means of a differentiated, progressive and world product providing centered on private and non-private markets, debt and actual property.
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1Supply: PitchBook Knowledge Inc., 2019 Annual World League Tables (https://pitchbook.com/information/reviews/2019-annual-global-league-tables), web page 12