500 Startups, announced today the appointment of SHUAA Capital, represented by Jassim Alseddiqi, as Advisor to its Falcons I fund in MENA (500 Falcons, L.P.). SHUAA will focus its support on advising 500 Startups’ Falcons I portfolio companies in financing and exit strategies, as the firm’s MENA fund nears the end of its deployment.
As CEO of SHUAA, Alseddiqi runs one of the leading financial services firms in the Middle East, SHUAA Capital, with USD 13 billion under management. He is actively involved in the region’s startup ecosystem, leading multiple investments in AI, Edtech, Fintech and other sectors.
“We are thrilled to have SHUAA and Jassim with us as we prepare for the next phase of 500 in MENA. As a seasoned asset manager and executive, he brings a wealth of experience, and his service and mentorship will be invaluable to our portfolio founders,” says Courtney Powell, Chief Operating Officer of 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 MENA 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. SHUAA is keen on building on our VC and Technology sector investments and exposure, and we are proud to align ourselves with world-class institutions such as 500 Startups,” says Jassim Alseddiqi.
