Trending...
- The 2025 ESPY Awards After Party- Presented by Poppi & High Noon
- General Auction Company Announces August 8th Auction- Now Accepting Consignments
- $53 Million Company Valuation Investment with Majority Acquisition Option, Plus New Stock CUSIP Supporting Brand Transition of Fan Engagement Company
SAN FRANCISCO--(BUSINESS WIRE)--500 Startups, the most active early stage venture capital firm globally1, 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 under Alseddiqi's leadership 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 psc (DFM: SHUAA), 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.
Alseddiqi's appointment follows the announcement of new additions to Falcons I, including Bedy Yang as Managing Partner, and Rina Onur as Advisor.
"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.
More on The Californer
Alseddiqi took the helm of SHUAA in 2019 after a successful merger with Abu Dhabi Financial Group (ADFG) which he founded in 2011. He is also an active board member of a number of companies, including chairman of Gulf Finance House, SALAMA Islamic Arab Insurance Company, Eshraq Investments, Khaleeji Commercial Bank and The Entertainer.
Alseddiqi holds a BSc in Electrical Engineering from the University of Wisconsin-Madison and an MSc in Electrical Engineering from Cornell University.
About 500 Startups
500 Startups is one of the most active global early stage venture capital firms. Since our inception in 2010, we have invested in over 2,400 companies across 77 countries. Our 140-plus team members are located in more than 17 countries to support 500 Startups' global portfolio. Notable investments include Credit Karma, Canva, Talkdesk, Intercom, GitLab, Grab, and Bukalapak.
We also help develop innovation ecosystems by supporting startups and investors through accelerator and educational programs, events, and partnerships with corporations and governments around the world.
About SHUAA Capital
SHUAA Capital psc (DFM: SHUAA) is a leading asset management and investment banking platform, with USD 13 billion in assets under management and with offices throughout the Middle East and the United Kingdom. SHUAA Capital psc is recognized for its strong track record and pioneering approach to investing through a differentiated, innovative and global product offering focused on public and private markets, debt and real estate.
NOTES: THIS PRESS RELEASE IS INTENDED SOLELY TO PROVIDE INFORMATION REGARDING 500 STARTUPS MANAGEMENT COMPANY, L.L.C. (TOGETHER WITH ITS AFFILIATES, "500 STARTUPS") AND SHUAA CAPITAL, PSC. ALL CONTENT PROVIDED IN THIS PRESS RELEASE IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY. SHUAA CAPITAL, PSC HAS PROVIDED THE INFORMATION RELATING TO SHUAA CAPITAL AND ITS REPRESENTATIVES, WHICH HAS NOT BEEN VERIFIED BY 500 STARTUPS. 500 STARTUPS MAKES NO REPRESENTATIONS AS TO THE ACCURACY OF INFORMATION CONTAINED IN THIS PRESS RELEASE AND WHILE 500 STARTUPS HAS TAKEN REASONABLE STEPS TO ENSURE THAT THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS ACCURATE AND UP-TO-DATE, NO LIABILITY CAN BE ACCEPTED FOR ANY ERROR OR OMISSIONS. FIGURES ARE APPROXIMATED BASED ON INTERNAL ESTIMATES AS OF JULY 31, 2020 AND HAVE NOT BEEN INDEPENDENTLY VERIFIED.
More on The Californer
UNDER NO CIRCUMSTANCES SHOULD ANY INFORMATION OR CONTENT IN THIS PRESS RELEASE, BE CONSIDERED AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES ADVISED BY 500 STARTUPS OR ANY OF ITS AFFILIATES OR REPRESENTATIVES. FURTHER, NO CONTENT OR INFORMATION CONTAINED IN THIS PRESS RELEASE IS OR IS INTENDED AS AN OFFER TO PROVIDE ANY INVESTMENT ADVISORY SERVICE OR FINANCIAL ADVICE BY 500 STARTUPS OR SHUAA CAPITAL. NOTHING CONTAINED HEREIN SHOULD BE CONSTRUED AS AN ENDORSEMENT BY 500 STARTUPS OF ADVISORY OR OTHER SERVICES PROVIDED BY ANY THIRD PARTY (INCLUDING SHUAA CAPITAL). UNDER NO CIRCUMSTANCES SHOULD ANYTHING HEREIN BE CONSTRUED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 STARTUPS INVESTMENT FUND. 500 STARTUPS PROGRAMS AND EVENTS ARE OPERATED BY 500 STARTUPS INCUBATOR, L.L.C. AND THE FUNDS ADVISED BY 500 STARTUPS MANAGEMENT COMPANY, L.L.C. DO NOT PARTICIPATE IN ANY REVENUE GENERATED BY THESE ACTIVITIES.
1Source: PitchBook Data Inc., 2019 Annual Global League Tables (https://pitchbook.com/news/reports/2019-annual-global-league-tables), page 12
SHUAA under Alseddiqi's leadership 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 psc (DFM: SHUAA), 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.
Alseddiqi's appointment follows the announcement of new additions to Falcons I, including Bedy Yang as Managing Partner, and Rina Onur as Advisor.
"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.
More on The Californer
- Laube Titanium to Attend MADE Bike Show in Portland, Oregon
- A Century of Compassion: Butte Humane Society Hosts 114th Anniversary Gilded Garden Gala
- United Set to Hire More Special Olympics Athletes As Customer Service Ambassadors
- Exelon Leader Tamla Olivier Named 2025 Technologist of the Year by Waves of Change STEM Conference
- KIDZ BOP RELEASES BRAND NEW ALBUM 'KIDZ BOP 51' FEATURING HITS "APT" & "PINK PONY CLUB"
Alseddiqi took the helm of SHUAA in 2019 after a successful merger with Abu Dhabi Financial Group (ADFG) which he founded in 2011. He is also an active board member of a number of companies, including chairman of Gulf Finance House, SALAMA Islamic Arab Insurance Company, Eshraq Investments, Khaleeji Commercial Bank and The Entertainer.
Alseddiqi holds a BSc in Electrical Engineering from the University of Wisconsin-Madison and an MSc in Electrical Engineering from Cornell University.
About 500 Startups
500 Startups is one of the most active global early stage venture capital firms. Since our inception in 2010, we have invested in over 2,400 companies across 77 countries. Our 140-plus team members are located in more than 17 countries to support 500 Startups' global portfolio. Notable investments include Credit Karma, Canva, Talkdesk, Intercom, GitLab, Grab, and Bukalapak.
We also help develop innovation ecosystems by supporting startups and investors through accelerator and educational programs, events, and partnerships with corporations and governments around the world.
About SHUAA Capital
SHUAA Capital psc (DFM: SHUAA) is a leading asset management and investment banking platform, with USD 13 billion in assets under management and with offices throughout the Middle East and the United Kingdom. SHUAA Capital psc is recognized for its strong track record and pioneering approach to investing through a differentiated, innovative and global product offering focused on public and private markets, debt and real estate.
NOTES: THIS PRESS RELEASE IS INTENDED SOLELY TO PROVIDE INFORMATION REGARDING 500 STARTUPS MANAGEMENT COMPANY, L.L.C. (TOGETHER WITH ITS AFFILIATES, "500 STARTUPS") AND SHUAA CAPITAL, PSC. ALL CONTENT PROVIDED IN THIS PRESS RELEASE IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY. SHUAA CAPITAL, PSC HAS PROVIDED THE INFORMATION RELATING TO SHUAA CAPITAL AND ITS REPRESENTATIVES, WHICH HAS NOT BEEN VERIFIED BY 500 STARTUPS. 500 STARTUPS MAKES NO REPRESENTATIONS AS TO THE ACCURACY OF INFORMATION CONTAINED IN THIS PRESS RELEASE AND WHILE 500 STARTUPS HAS TAKEN REASONABLE STEPS TO ENSURE THAT THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS ACCURATE AND UP-TO-DATE, NO LIABILITY CAN BE ACCEPTED FOR ANY ERROR OR OMISSIONS. FIGURES ARE APPROXIMATED BASED ON INTERNAL ESTIMATES AS OF JULY 31, 2020 AND HAVE NOT BEEN INDEPENDENTLY VERIFIED.
More on The Californer
- Be Part of the World's Largest Art Biennale | Moons, Castles, Trees | Copenhagen Chronotopes
- California sends more search and rescue crews to Texas
- YourEggs Is Leading the Way in Providing Access to the Best Asian Egg Donors to Families Worldwide
- California: Governor Newsom and Acting Governor Kounalakis honor fallen CDCR Parole Agent
- California sues to stop Trump's politically motivated attack on high-speed rail
UNDER NO CIRCUMSTANCES SHOULD ANY INFORMATION OR CONTENT IN THIS PRESS RELEASE, BE CONSIDERED AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES ADVISED BY 500 STARTUPS OR ANY OF ITS AFFILIATES OR REPRESENTATIVES. FURTHER, NO CONTENT OR INFORMATION CONTAINED IN THIS PRESS RELEASE IS OR IS INTENDED AS AN OFFER TO PROVIDE ANY INVESTMENT ADVISORY SERVICE OR FINANCIAL ADVICE BY 500 STARTUPS OR SHUAA CAPITAL. NOTHING CONTAINED HEREIN SHOULD BE CONSTRUED AS AN ENDORSEMENT BY 500 STARTUPS OF ADVISORY OR OTHER SERVICES PROVIDED BY ANY THIRD PARTY (INCLUDING SHUAA CAPITAL). UNDER NO CIRCUMSTANCES SHOULD ANYTHING HEREIN BE CONSTRUED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 STARTUPS INVESTMENT FUND. 500 STARTUPS PROGRAMS AND EVENTS ARE OPERATED BY 500 STARTUPS INCUBATOR, L.L.C. AND THE FUNDS ADVISED BY 500 STARTUPS MANAGEMENT COMPANY, L.L.C. DO NOT PARTICIPATE IN ANY REVENUE GENERATED BY THESE ACTIVITIES.
1Source: PitchBook Data Inc., 2019 Annual Global League Tables (https://pitchbook.com/news/reports/2019-annual-global-league-tables), page 12
Filed Under: Business
0 Comments
Latest on The Californer
- WonderDays Launches the UK's First AI Experience Gift Finder – Gifting Just Got So Much Easier!
- CelluHeal™ Launches Full Line of Advanced Wound Dressings for Online Purchase in the USA, Canada, and Beyond
- California: Governor Newsom responds to Trump's latest gift to China: Defunding America's only high-speed rail
- California: Governor Newsom announces appointments 7.16.25
- California: Governor Newsom calls on Trump to end Los Angeles militarization, shares community resources
- City of Long Beach to Host Compost and Recycling Ambassador Program
- AMAZON DRIVERS IN CITY OF INDUSTRY JOIN THE TEAMSTERS
- Silva Construction Details Common Home Renovation Mistakes and How to Avoid Them
- Governor Newsom invites LA Fire survivors to continue shaping rebuilding efforts through Engaged California
- DOGUE Magazine and CoverDogs Announce Series A to Redefine Modern Pet Culture
- Voices for Humanity Treks High into the Himalayas to Deliver the Way to Happiness with Meena Sharma
- Nonprofit innovator named Mensa Executive Director
- Following Trump cut to LGBTQ youth suicide hotline, California steps up to fill the gap
- Yasmine Roulleau named Managing Director in Vancouver, Canada
- Chasing Elizabeth Taylor — The Dazzling True Story Behind the Queen of Diamonds Now Available in Limited-Edition Hardcover
- Swim Up Hill Animation Premieres Pilot Episode of "The Adventure of Swim Up Hill"
- LOS ANGELES TEAMSTERS AT METRO TRANSIT RATIFY FIRST CONTRACT
- Calmwater Capital Funds $22.8 Million Loan to Refinance Retail Complex in Park City
- From Barrio to Transgender Pioneer: Chapter 14 Personal Injustices Faced by the Protagonist
- Blacksmith InfoSec and Liongard Launch Strategic Integration to Simplify MSP Compliance Audits