About Falcon Network
Falcon Network, established in 2018, is an angel investment group based in Dubai, United Arab Emirates. It primarily focuses on Seed investments in companies in Bangladesh. Its portfolio includes 11 firms, spanning the Enterprise Applications, Food and Agriculture Tech sectors. Its most notable investments include companies like Arogga, Jatri and Hubpay. Its latest investment was a $1.5M Seed round in Arogga on Apr 07, 2022, which also saw participation from HyperChem and Sketchnote.
To date, 4 investors have co-invested in Falcon Network's portfolio companies, including prominent names like Epic Angels.
Key Metrics
Founded Year
2018
Location
Dubai, United Arab Emirates
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Falcon Network's List of Top Investments
Falcon Network has a portfolio of 11 companies. Their most notable investments are in Arogga and Saaya Health.Their portfolio spans across Bangladesh, United Arab Emirates, United States and 3 more locations. They have invested in Enterprise Applications, Food and Agriculture Tech, Consumer and 10 other sectors, across stages such as Seed stage. Here is the list of top investments by Falcon Network:
1. Arogga
Provider of an online pharmacy for healthcare products. The platform allows users to order medicines online by uploading the prescription and getting them delivers to the doorstep using the app. It also, offers information on the medicines and drugs with the price comparison to make better health decisions.
Key facts about Arogga
- Founded Year: 2020
- Location: Dhaka (Bangladesh)
- Stage: Seed
- Total Funding till date: $5.7M
- Employee Count: 224 as on Aug 31, 2026
- Investors: Blue Collective, Iterative and 15 Others
- Latest Funding Round: Seed, Oct 25, 2023, $*****
- Highlight: Editors' Pick

2. Jatri
App-based platform to track and book bus tickets. It offers a subscription-based solution to the users. Users can subscribe to a plan, book tickets, as well as, track the buses on the platform. Users can book bus tickets by specifying the journey points, date, and time on the platform. The mobile app is available for Android devices.
Key facts about Jatri
- Founded Year: 2019
- Location: Dhaka (Bangladesh)
- Stage: Series A
- Total Funding till date: $5.25M
- Employee Count: 159 as on Aug 31, 2026
- Investors: Genting Ventures, Superangel and 15 Others
- Latest Funding Round: Series A, Jan 19, 2026, $*****
- Highlight: Editors' Pick
3. Hubpay
Cross-border remittance and currency exchange solution for businesses. Payments platform for small and medium-sized businesses offering market-leading foreign exchange, multi-currency accounts, collections, and payment solutions for suppliers, partners, and employees.
Key facts about Hubpay
- Founded Year: 2019
- Location: Abu Dhabi (United Arab Emirates)
- Stage: Series A
- Total Funding till date: $26.2M
- Employee Count: 64 as on May 31, 2026
- Investors: BECO Capital, Olive Tree Capital and 10 Others
- Latest Funding Round: Series A, May 08, 2024, $*****
- Highlight: Editors' Pick
4. iFarmer
Provider of agri-input financing and advisory services to farmers. It is a full-stack agri-tech startup that provides smallholder farmers with finance, high-quality inputs, agronomic advisory, and access to the market. It provides a one-stop solution using technology by providing smallholder farmers with finance, high-quality inputs, agronomic advisory, and access to the market.
Key facts about iFarmer
- Founded Year: 2017
- Location: Dhaka (Bangladesh)
- Stage: Seed
- Total Funding till date: $4.17M
- Employee Count: 239 as on Aug 31, 2026
- Investors: Symbiotics Group, IDLC Finance and 4 Others
- Latest Funding Round: Seed, Apr 16, 2026, $*****
- Highlight: Editors' Pick

5. Virtual i
Risk management solutions for insurers. It provides risk management software for insurance companies. It features AI-based risk assessment solutions for insurance carriers and underwriters. It offers risk engineering data and inspection reports for decision-making.
Key facts about Virtual i
- Founded Year: 2018
- Location: Zurich (Switzerland)
- Stage: Seed
- Total Funding till date: $2M
- Employee Count: 14 as on Jan 05, 2026
- Investors: InsurTech Hub Munich, APY Ventures and 3 Others
- Latest Funding Round: Seed, Aug 09, 2021, $*****
- Highlight: Editors' Pick
Falcon Network's Year-on-Year Investment Trends
Its most recent first time investment was in Arogga and most recent follow-on round was in Arogga.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 1 | 1 |
2021 | 1 | 0 | 1 |
2020 | 3 | 0 | 3 |
2019 | 7 | 0 | 7 |
Falcon Network's Investments by Stage
Falcon Network has made 11 investments in Seed stage with an average round size of $200K.Falcon Network's Investments by Sector
Falcon Network has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Auto Tech and HealthTech. Notably, it has invested in 9 Tech companies, 6 Enterprise (B2B) companies, 4 Consumer (B2C) companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 4 |
Enterprise Applications | 3 |
FinTech | 3 |
Auto Tech | 2 |
HealthTech | 2 |
Others | 13 |
Note: We have considered here, only first round of investments
Falcon Network's Investments by Geography
Falcon Network has made most investments in Bangladesh (3), followed by United Arab Emirates where it has made 2 investments.Country | No. of Investments |
|---|---|
Bangladesh | 3 |
United Arab Emirates | 2 |
United States | 2 |
Bahrain | 1 |
Finland | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Falcon Network's recent investments
Falcon Network has not made any investment in 2026 so far.Here are the most recent investments by Falcon Network:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 07, 2022 | Bangladesh | Seed | 3938 | [+7] | |
Jan 13, 2021 | Bangladesh | Seed | 9967 | ||
Dec 23, 2020 | Bangladesh | Seed | 3230 | - | |
Apr 19, 2020 | United Arab Emirates | Seed | 6492 | ||
Jan 23, 2020 | Bangladesh | Seed | 9045 | [+1] |
Co-investors of Falcon Network
Over the past 7 years, 42 investors have co-invested in Falcon Network's portfolio companies. This includes funds and angels.
- Invested before Falcon Network: Adventure Capital, Startupbootcamp and 2 others have invested in rounds before Falcon Network. There is 1 company where Adventure Capital has invested before Falcon Network and 1 company where Startupbootcamp has invested before Falcon Network.
- Top Co-investors of Falcon Network: 4 investors entered a company along with Falcon Network. These include investors like Epic Angels (1 company).
- Invested after Falcon Network: A total of 34 investors have invested in Falcon Network's portfolio after their investments. Top Investors include IDLC Finance (2 companies) and SBK Tech Ventures (2 companies).
Recent News related to Falcon Network
•
Hubpay, the Digital Wallet for the Remittance Community in the Gulf, Announces Its Seed RoundPR Newswire•Apr 19, 2020•Hubpay, Signal Peak, Falcon Network
•
Bus ticketing app Jatri attracts funding from UAE VCs to revitalise public transportation in Bangladeshe27•Jan 23, 2020•Jatri, Falcon Network, Tahseen, Superangel and 1 other
•
Falcon Network launches second round of funding for start-upsArabian Business•Dec 05, 2019•Falcon Network
•
Dubai's Falcon Network invests $450,000 in six startupsMENAbytes•Aug 29, 2019•Falcon Network, Caravan, WorkAround, Aion Sigma and 3 others
