Dubai's Falcon Network invests $450,000 in six startups
Summary
The path to this investment has been largely paved thanks to outreach done by Dr. Sayd Farook, who is part of the founding team of the Falcon Network and Goodforce Labs, a Dubai accelerator focused on social impact startups. These exciting businesses will not only benefit from the financial capital, but also strategic expertise which our angels will provide in order to accelerate their growth potential.” The Falcon Network, which launched in October 2018 on the sidelines of the Global Islamic Economy Summit in Dubai, is already planning the next round of funding: applications will open in November 2019. We envision a world where talent knows no boundaries and opportunity doesn’t ask for status and work is rewarded with fair pay,” said Wafaa Arbash, CEO and co-founder of WorkAround, a startup that provides a scalable data tagging and verification platform for artificial intelligence and machine learning applications, delivered by skilled displaced people. Caravan Co-founder and CEO Syed Karim stated that the Falcon Network’s support comes at a time when his UAE-based sustainable transportation startup has found its pace after facing a rocky road. Among the Falcon Network’s community of over 45 angel investors is Tajawal cofounder and former CEO Muhammad Chbib, who has most recently launched a new startup called Manal.com, which acts as a travel platform for customized trips.
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