A virtual incubator based in Dubai, UAE, FasterCapital, has finished its first round of funding.
It did on March 16, 2019.
FasterCapital has attracted more than 250 submissions from more than 60 countries.
The results will be annouced in by the end of April.
This round is dedicated for startups interested in the incubation programme, where FasterCapital comes as a technical cofounder and invests up to 75 per cent of the seed funding in each accepted startup.
FasterCapital closed the round with the annoucement of accepting a new innvovative startup from Australia (Bubble.Global) into its incubation programme with an investment of $150,000.
FasterCapital has more than 24 graduated startups, 25 startups in incubation programme, 270 startups in the acceleration programme plus more than 680 regional partners and repersentatives and 200 offices worldwide.
FasterCapital has invested more than $13 million since its creation in 2010.
FasterCapital has more than 100 internal developers with different skillsets who are already working on multiple projects.