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Thu 5 Dec 2019 11:08 AM

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Falcon Network launches second round of funding for start-ups

Inaugural round, earlier this year, saw six start-up companies benefit from investment totalling more than $450,000

Falcon Network launches second round of funding for start-ups

The Falcon Network includes senior executives working in both the public and private sector across the Middle East and wider Asia.

The Falcon Network, a group of emerging markets-based angel investors, has opened its second round of funding for start-ups in the Middle East, North Africa, South and Southeast Asia and Turkey (MENASAT) regions.

The inaugural round, earlier this year, saw six start-up companies benefit from investment totalling more than $450,000.

Dr Sayd Farook, co-founder of the Falcon Network, said: “Falcon Network launched in 2018 as a humble initiative to channel much-needed angel investment to world-changing entrepreneurs and businesses in emerging markets. We are very excited to build on the success of our inaugural round and continue investing the great potential we are seeing in our markets.”

Applications are open until January 31, 2020, at which point the successful start-ups will be hosted on the Network’s platform for prospective angel investors to review. The most promising – around 10 to 12 will be chosen – will then be invited to the Network’s Investor Day to meet and present their businesses to investors.

The Falcon Network includes senior executives working in both the public and private sector across the Middle East and wider Asia. Current members have committed to investing a minimum of $50,000 by October 2020.