(MENAFN) Tech entrepreneurs and startups in the GCC nations will benefit from 500 Falcons, an USD30mn Mena seed fund from U.S.-based venture capital firm 500 startups and Qatar Foundation Research& Dev.
Accordingly, the market size is USD30mn and that should permit them to invest in almost 150 to 200 early-stage startups on the Mena region in the coming three to four years.
The firm already had a first closing at USD15mn already and it's having a second closing quite soon with a further USD7mn.
Moreover, 500 Startups forged a partnership with QF R&D and Qatar Science and Tech Park to increase a range of 500 Startups programs.
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