FasterCapital Closes First Round of Funding 2019

By: FasterCapital
DUBAI INTERNET CITY, UAE - March 26, 2019 - PRLog -- FasterCapital has finished its first round of funding on 16th, March, 2019. FasterCapital has attracted more than 250 submissions from more than 60 countries. This round is dedicated for startups interested in the incubation program where FasterCapital comes as a technical co-founder and invests up to 75% of the seed funding in each accepted startup.

FasterCapital closed the round with the announcement of accepting a new innovative startup from Australia (Bubble.Global) into its incubation program with an investment of USD 150,000.

Mr. Hesham Zreik of FasterCapital comments: "We are very enthusiastic toward the idea and product. We believe fitness and training could solve a lot of health problems worldwide and Bubble.Global is addressing the challenge with an innovative, easy to use and low-cost product."

Mr. Paul Warren the founder of Bubble.Global said: "We had the idea of the product and it seemed that technically there's a big challenge. I was looking around for a strong team who can back me up and make my vision come true. I was delighted to learn about FasterCapital's incubation program and when they said that they will become my technical founder, I felt comfortable as I found the right team who can be up to the challenge."

Dr. Virpi Tervonen, Mentor at FasterCapital, explains: For many startups being backed by a reputable organization is of significant importance. The confidence 50% seed funding gives for startup entrepreneurs and the potential investors can be the "break-or-make" element on many deals.

The successfully completed FasterCapital startup projects prove how efficient the technical co-founder model is."

"Furthermore, mentoring in many crucial areas, such as from project management, leadership, communication, marketing message to legal and financial matters is something that too many start-ups ignore, neglect or simply think they can't afford when trying to get their business off the ground with a tight budget," Dr. Virpi Tervonen continues.

FasterCapital is a virtual incubator based in Dubai Internet City, UAE. It has more than 24 graduated startups, 25 startups in incubation program, 270 startups in the acceleration program plus more than 680 regional partners and representatives and 200 offices worldwide.

FasterCapital has invested more than 13 million USD since its creation in 2010, and has more than 100 internal developers with different skill sets who are already working on multiple projects.

Startups can apply to join our Virtual Incubator at:

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Mr. Faisal Khamees
+971 5558 55663
Location:Dubai Internet City - Dubai - United Arab Emirates
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