500 Startups raises $33m for Middle East fund

500 Startups raises $33m for Middle East fund

500 Startups MENA partners Hasan Haider (left) and Sharif El-Badawi

Silicon Valley-based venture capital firm 500 Startups has announced that its Middle East and North Africa (MENA) focused fund, 500 Falcons, has made a final close at $33 million.

The final close comes nearly two years after the fund made its first close at $15 million and exceeds the firm’s initial target of $30 million. LPs in the fund include Qatar Science and Technology Park (QSTP) and the Oman Investment Fund.

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