Some start-ups are able to change the way we live. Airbnb, Uber and Snapchat are bright examples thereof. Starting as small companies they have become world-known corporations. Perhaps some of the most remarkable start-ups of the year of 2016 listed below will become so successful, too.
Gift-giving platform Joi from UAE has received investment from 500 Startups. The plan of the investments is rather ambitious – to make Joi the ultimate online gifting platform in the region.
While the amount of the investment is undisclosed, the representative of 500 Startups confirmed that typical individual investments range between $50,000 to $100,000.
The Middle East region is one of the thriving parts of the world, rich in mineral and other resources. It has drawn large businesses and trade groups to invest and expand their business processes here. There are many big names and brands in the western world that have shown faith in small businesses and startups in Middle East. But how can these startups come in the business radar of the bigwigs from West and other Asian and European nations? The answer to this question lies in the use of SEO services. Well! The SEO strategy for small businesses in Middle East can make them appear among the first ranked websites in the local search results of the Arab countries. This can make the small businesses and startups to reach out and connect to big investors in West who might be in search of a reliable online partner to collaborate with and make bigger investments. Moreover, mobile SEO in Middle East is one of the greatest strategies as most Arabic users prefer surfing net on their mobile phones.
Silicon Valley-based venture firm 500 Startups announced their $30 million fund for MENA startups called 500 Falcons, due to the cultural significance of falcons in the Arab World. They are planning to invest between $50,000 and $100,000 in 100-200 companies.
The fund will focus on startups in the areas of e-commerce and marketplaces, video and Arabic content, software, mobile, financial technologies and hardware. Moreover, additional investments of up to $500,000 for the top of 20-30 companies with extra capital from the main fund provided for specific deals.
According to Dave McClure, the Silicon Valley-based founding partner of 500 Startups, the venture capital firm plans to make investments in nascent companies in a region that is poorly understood by other tech investors.
A 500 Startups Partner, Hasan Haider, will lead the fund. In the near future, Haider said the fund will include venture partners in other MENA geographies.
In 2012, the fund made its first investment in the Middle East — in a startup called Jeeran, the popular user review platform.