In order to promote startups in Pakistan, 500 Global, one of the most active venture capital firms in the world, has collaborated with JS Group, one of Pakistan’s top financial services conglomerates.
By working together, 500 Global hopes to introduce its selection of investor and startup education programmes to Pakistan. Additionally, it will keep looking for high-potential technological startups and top founders to invest in.
Pakistan intends to develop into a regional technology hub as the fifth most populated market in the world with a young population that is quickly digitizing
Between 2018 and 2021, the number of venture-backed deals nearly tripled to 86, and funding increased more than 20 times to $332 million.
According to analytics provider MAGNiTT, Pakistan has reached a turning point for venture capital-backed projects, collecting $304 million in funding in the first nine months of 2022, or 92% of all funding in 2021.
The collaboration highlights 500 Global’s goal of advancing economies and people via entrepreneurship.