500 Startups, a venture capital firm, just announced the launch of their MENA Dojo Series A Program’s second batch.
The program is a late-seed stage initiative that will select 10 Middle Eastern companies seeking to fundraise through a Series A round. In the first edition of the program, 9 MENA-based startups received funding, some of these include Eventtus, Edfa3ly, Mumm, and Souq Almal.
So what are the requirements for this 6-week long programs? Interested startups should be post-seed, have achieved a strong product-market fit that’s proven by significant revenues where the founders and teams can benefit from high-intensity growth and distribution training in real-time. The growth-hacking program includes 2 weeks on and 2 weeks off, culminating in Investor Day on May 10th.
What are the startups getting back in return? They’ll be receiving a $150,000 investment for 5 percent equity, and will be required to pay a $15,000 tuition fee. In addition, 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.
The deadline for the MENA Dojo program is on March 1st, hurry up and apply here!
[Source]