Arzan VC Invests in a Silicon Valley Startup, Launches “Office Hours”
As part of its goal to become a global VC (both sector and country-agnostic), the Kuwait-based Arzan VC is eyeing startups abroad. Their latest undisclosed global seed coinvestment was in the Silicon Valley startup Cocontest, a crowdsourcing platform for interior designers. 500 Startups was also an investor in that round. Previously, Arzan VC had invested in the Russian real estate portal Idinaidi.ru and other MENA startups with a ticket size between $500,000 and $1 million dollars. The firm has been co-investing with other investors such as Wamda Capital, 500 Startups, Hatcher, Silicon Badia, and Oasis500, and is now seeking to take a more prominent role and actually lead on future investments. Arzan VC will also start holding regular meeting times for entrepreneurs, allowing them to book an appointment with Arzan’s team of experts. These “office hours” will dispense help and advice to entrepreneurs, but will not be a platform for pitching ideas or raising funds.