500 STARTUPS IS KICKING OFF THEIR 'MENA DOJO' PROGRAMME'S SECOND BATCH
By Startup Scene Team / Startup Scene - Image Credit: Startup Scene
Global powerhouse 500 startups has just announced the launch of their 'MENA Dojo' Series A Programme's second batch, a late-seed stage initiative that will see 10 Middle Eastern companies seeking to fundraise a Series A round gear up for the next steps. In its first edition, the Dojo programme helped 9 MENA-based startups get into "beast mode," including Eventtus, Edfa3ly, Mumm, and Souq Almal.
In order to enter the 6-week long programme, companies should be post-seed, and have achieved a strong product-market fit proven by significant revenues wherein the founders and teams can benefit from high intensity growth and distribution training in real-time. The growth-hacking programme includes 2 weeks on and 2 weeks off, culminating in Investor Day on May 10th. The companies entering the programme will receive a $150,000 investment for 5 percent equity, and be required to pay a $15,000 tuition fee.
Earlier last year the Silicon Valley-based VC announced the creation of 500 Falcons, a $15 million MENA-based fund setting off to invest in early-stage startups in the Middle East and north Africa.