Arzan VC In­vests in a Sil­i­con Val­ley Startup, Launches “Of­fice Hours”

Arabnet - The Quarterly - - Industry Stories -

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 Id­i­ 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.

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