The Falcon Network announced its second “call for funding”, starting from 4 December 2019 until 31 January 2020. The Falcon Network is looking to fund startups between USD10,000 to USD500,000 for equity stakes up to a maximum of 25%.
The Falcon Network, a Dubai-based angel investment network, is to provide strategic capital to start-ups focused on the Network’s target markets in the MENASAT (Middle East, North Africa, South and Southeast Asia and Turkey) region.
This is the Network’s second campaign, following the success of its inaugural 2019 round which received over 220 funding applications from 46 different countries and facilitated over $450,000 worth of investment.
What Are Angel Investors
Angel investors are high net worth individuals who provide funding for early-stage startups in exchange for an equity stake in the company. A network of angel investors is able to pool together their funds in order to make larger investments.
Why Falcon Network
Dr. Sayd Farook, co-founder of the Falcon Network, said: “Falcon Network launched in 2018 as a humble initiative to channel much-needed angel investment to world-changing entrepreneurs and businesses in emerging markets. We are very excited to build on the success of our inaugural round and continue investing the great potential we are seeing in our markets.”
Entrepreneurs in the Muslim world, in particular, face plenty of social and economic challenges and have limited support systems to call upon for advice and assistance. The Falcon Network enables start-up enterprises that operate in high growth markets in Asia and Africa to realize their potential by providing seed capital and strategic advice.
With more than 50 investors in the Falcon Network, their angel investors have significant experience investing in and working with impact-driven startups, providing capital and vital strategic advice.
The Investment Selection Criteria
The Falcon Network is most interested in funding businesses that:
- have proof of market traction
- an identifiable market opportunity
- founders with a track record of accomplishment
- businesses with a focus on impact.
The Funding Application Process
Start-ups are requested to submit key due diligence documentation, including a pitch deck and a business plan. The Falcon Network committee will assess the applicants’ eligibility.
Eligible startups will be submitted for voting by all angel investors in the Network, and startups who are successfully voted will be invited to the Network’s Investor Day (approximately 10-12 will be chosen) to meet and present their businesses to investors.
To apply for funding, go to the Falcon Network website.
image credit: the Falcon Network
Farah Ishak is a Content Writer at Halalop. She grew up in the United Kingdom where she obtained her Bachelor’s degree in Management. Later, she completed her MBA and held senior-level positions in Malaysian based MNC. She left the corporate world to be with her young kids. She is passionate about issues concerning Muslim women, Startups and Muslim businesses in general.