500 Startups raises $33 million

500 Startups, a Silicon Valley based venture capital firm has announced that 500 Falcons, Middle East and North Africa based fund of 500 Startups, has snagged around $33 million. The initial plan was to raise $30 million. However, with the last close of $17 million, it has gone beyond expectation. 500 Startups has been investing across the Middle East and North Africa region since 2011, and so far invested in 105 companies across 16 countries in the region.

Elvis Gomes