Usman Gul-led Metal secures strategic investment from Rebel Fund

Pakistan-based startup Metal has secured a strategic investment from Rebel Fund, a venture capital firm known for backing high-performing startups emerging from the Y Combinator (YC) ecosystem. Metal founder and CEO Usman Gul, also a founder of Airlift, announced the news via a social media post, stating that Rebel Fund has made a strategic investment in the company as part of a new partnership between the two organisations. According to the statement, posted on social media, Rebel Fund employs a data-driven investment model, leveraging large datasets and a proprietary investment framework to identify and invest in top-performing startups. The fund claims to have backed more than 300 startups to date, focusing on the top 10% of companies from YC batches. “Today, we’re announcing a partnership whereby Rebel Fund made a strategic investment in Metal, and we are excited to offer Rebel portfolio companies 25% off on all plans, ” said Usman. Further details regarding the size of the investment and the terms of the transaction were not disclosed. As per information available on Rebel’s website, the company’s investing partners are accomplished Y Combinator alumni who have co-founded companies now valued at over $100B in aggregate — including Reddit, Instacart, Cruise, Gusto, Scribd, Rappi, and more — and together invested in over 250 startups with top-decile portfolio returns. Rebel has unique access to top Y Combinator startups with a nearly 100% deal win rate, typically pre-Demo Day. The fund utilises a proprietary machine-learning algorithm called Rebel Theorem 4. 0 to help validate and screen potential investments, building a diversified portfolio of Y Combinator startups that is statistically powered to outperform, it added.

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