Sharif El-Badawi and Hasan Haider launch Plus Venture Capital, a $60 million seed-stage fund for MENA

Sharif El-Badawi and Hasan Haider launch Plus Venture Capital, a $60 million seed-stage fund for MENA

Sharif El-Badawi and Hasan Haider, the former managing partners of 500 Startups' MENA fund (500 Falcons) have announced the launch of their new venture capital firm ‘Plus Venture Capital' and its debut fund.

Plus Venture Capital's (+VC) debut fund has a target size of $60 million, Sharif and Hasan told MENAbytes. They've already secured some commitments but will announce more details at a later point. The investors, they've told us are a mix of entities from the public and private sector. Plus Venture Capital's first fund is almost twice the size of the first fund (500 Falcons) led by Sharif and Hasan for 500 Startups.

The two partners come with over 35 years of combined experience in startup investments and tech operations. They've completed over 200 transactions together in the region.

Hasan has