• The Innovative Startups and SMEs Fund (ISSF) has invested USD 5 million in Saqr Fund II, managed by Vision Ventures.
• This marks ISSF’s continued push for regional diversification, driving startup growth beyond Jordan into broader MENA markets.
• The investment fuels innovation across sectors and strengthens venture capital infrastructure for startups seeking regional and global scalability.

ISSF’s USD 5 Million Commitment to Saqr Fund II

In another bold move, the Innovative Startups and SMEs Fund (ISSF) has committed USD 5 million to Saqr Fund II. Managed by Saudi Arabia-based Vision Ventures, this fund focuses on venture capital investments in high-potential startups across the MENA region.

This investment aligns with ISSF’s strategy of investments in innovative startups and early stage SMEs. Also, it signals its confidence in the region’s growing entrepreneurial ecosystem.

Speaking on the development, CEO of ISSF Mohammed Al-Muhtaseb, expressed enthusiasm. “We are proud to welcome Vision Ventures to our portfolio of funds,” he said.

Vision Ventures, known for its expertise in nurturing startups, will deploy the capital to back diverse early-stage and growth-stage companies.

“Vision Ventures has been the most active VC in the MENA region since 2019 with investments in the region including Jordan,” commented Kais Al Essa, Founding Partner and CEO of Vision Ventures.

ISSF Pushes Regional Diversification and Innovation

This latest investment builds on ISSF’s ongoing efforts to diversify its portfolio across the MENA region in 2024. Previous commitments include USD 5 million investments in the Oasis500, Rua Growth funds, Global Ventures, among others.

These moves emphasize ISSF’s role in fostering a vibrant regional startup ecosystem.

By channeling resources into funds like Saqr Fund II, ISSF aims to unlock the potential of startups in sectors such as technology, fintech, and healthcare.

The focus on regional diversification supports a more interconnected MENA startup ecosystem, ensuring Jordanian startups and others benefit from broader market access and expertise.

Catalyzing Market Growth for Startups

ISSF’s partnership with Saqr Fund II strengthens the venture capital ecosystem by bridging gaps in funding and access for emerging businesses.

With this USD 5 million injection, startups across the MENA region can benefit from growth capital, expert mentorship, and market exposure.

This commitment also aligns with the region’s growing emphasis on fostering homegrown innovation, as seen in the push for national digital transformation strategies. 

However, startups must still overcome challenges such as scaling operations and navigating varied regulatory landscapes.