Home Venture Capital 500 Global Promotes Amal Dokhan General Partner 500 Global MENA

500 Global Promotes Amal Dokhan General Partner 500 Global MENA

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Dokhan has overseen more than 40 investments in MENA since last year

RIYADH, Saudi Arabia, May 31, 2022–(BUSINESS WIRE)–500 Global, a leading U.S.-based venture capital firm, has promoted Amal Dokhan General Partner 500 Global MENA. Dokhan joined 500 Global one year ago as Partner, 500 Global MENA to oversee the Sanabil 500 MENA Seed Accelerator program and fund. Under her leadership, the fund has invested through the program and directly in more than 40 seed-stage companies across the Middle East and North Africa. Several have subsequently raised millions in funding collectively. They include Starzly, a personalized entertainment app, Playbook, an edutainment platform, and Sanad Cash, an on-demand payment platform.

“We’re very proud of Amal’s accomplishments. She has been instrumental in getting the Sanabil 500 MENA Seed Accelerator program off the ground, working together with me to select the most promising founders the region has to offer, while serving as an indispensable mentor to many of them to help them launch in Saudi Arabia and the rest of the region. Amal plays an integral part as 500 Global cements its role as an ecosystem-builder and investor in the region,” said Bedy Yang, Managing Partner at 500 Global.

500 Global continues to build a strong presence in Saudi Arabia. Endeavor recently ranked it the most influential investor in Riyadh’s entrepreneurial ecosystem based on its support of the highest number of tech companies, which has in turn led founders at those startups to support other fledgling entrepreneurs.

Venture funding for startups in Saudi Arabia has nearly quadrupled between 2020 and 2021 to $548 million, with the number of deals rising by 54% to 139, according to Magnitt.

“Amal has moved fast to establish 500 Global as a key contributor to Saudi Arabia’s rapidly evolving startup ecosystem. As one of a handful of female investors in the country, she’s also been a trailblazer and a role model for other women aspiring to become investors or founders,” said Courtney Powell, Chief Operating Officer and Managing Partner at 500 Global.

Prior to joining 500 Global, Dokhan was an angel investor in Saudi Arabia, and held various positions, including CEO of GEN Saudi, Managing Director of Babson Global Center for Entrepreneurial Leadership, and Manager of Learning and Design at the Entrepreneurship Center at King Abdullah University of Science and Technology.

THIS PRESS RELEASE IS INTENDED SOLELY TO PROVIDE INFORMATION REGARDING 500 GLOBAL. ALL CONTENT PROVIDED IN THIS PRESS RELEASE IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY. 500 GLOBAL MAKES NO REPRESENTATIONS AS TO THE ACCURACY OR INFORMATION CONTAINED IN THIS PRESS RELEASE AND WHILE 500 GLOBAL 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 MAY 21, 2022 AND HAVE NOT BEEN INDEPENDENTLY VERIFIED.

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 GLOBAL 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 GLOBAL. UNDER NO CIRCUMSTANCES SHOULD ANYTHING HEREIN BE CONSTRUED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 GLOBAL INVESTMENT FUND.

THE PERSONNEL LISTED REPRESENT A SNAPSHOT OF THE CURRENT TEAM MEMBERS AS OF THE DATE HEREOF AND MAY BE SUBJECT TO CHANGE FROM TIME TO TIME. THE TITLE “PARTNER” OR “GENERAL PARTNER” IS USED HEREIN SOLELY TO SIGNIFY AN INDIVIDUAL’S STATUS AS AN INVESTMENT PROFESSIONAL OR SENIOR ADMINISTRATOR. ANY SUCH INDIVIDUAL HAS NO TECHNICAL LEGAL STATUS AS A CONSTITUENT PARTNER OF ANY ENTITY, AND SHALL NOT BE CONSTRUED AS BEING A “GENERAL PARTNER” OR CONSTITUENT PARTNER OF ANY PARTNERSHIP OR OTHER ENTITY. THE FUNDS MENTIONED MAY ALSO HAVE OTHER PERSONNELS INVOLVED IN THEIR MANAGEMENT.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220527005438/en/

Contacts

Media contact
Zina Moukheiber
Senior Director of Global Communications
500 Global
zina.moukheiber@500.co
+1-646-298-7510

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