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Access here alternative investment news about 500 Startups Takes Strategic Investment From Abu Dhabi Financial Group – Techcrunch
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500 Startups Takes Strategic Investment From Abu Dhabi Financial Group – Techcrunch

by techcrunch.com posted 4months ago 20 views
500 Startups, the U.S.-headquartered VC firm hit by scandal last year after co-founder Dave McClure resigned following allegations of sexual misconduct, has announced an unconventional deal that sees Abu Dhabi Financial Group (ADFG) take a stake in its parent company. It is normal for VC firms to work closely with big corporates as LPs that supply money for their funds — the Middle East has proven to be fertile hunting ground for the likes of 500, Uber and Softbank — but direct investment in parents is not common in VC-land.