ISSF Jordan Commits $5 Million to Global Ventures’ Fund III

ISSF Jordan Commits $5 Million to Global Ventures’ Fund III

–  ISSF commits $5 million to Global Ventures’ Fund III, focusing on growth-stage investments across the Middle East and Africa.

– Partnership underscores ISSF’s dedication to fostering Jordanian startups and strengthening the local entrepreneurial landscape.

– Both ISSF and Global Ventures aim to leverage Jordanian talent and address regional challenges through targeted sector investments.

The Innovative Startups and SMEs Fund (ISSF), the largest investment fund of its kind in Jordan, has announced a $5 million investment in Global Ventures’ Fund III. Global Ventures, a leading venture capital firm specializing in growth-stage investments across the Middle East and Africa, has been appointed by ISSF to invest in Jordanian startups.

This strategic partnership emphasizes ISSF’s commitment to enhancing the Jordanian entrepreneurial ecosystem.

Mohammed Al Muhtaseb, CEO of ISSF, said, “We are thrilled to welcome Global Ventures Fund III to our portfolio. Their unwavering support for the Jordanian ecosystem, demonstrated through previous investments in several Jordanian companies, aligns perfectly with our vision. Together, we will target strategic sectors that address regional challenges and leverage Jordanian talent to capitalize on emerging opportunities.”

Noor Sweid, Managing Partner of Global Ventures, expressed enthusiasm for the collaboration, stating, “We are excited to extend our partnership with ISSF and include them in Global Ventures’ Fund III. Supporting Jordanian entrepreneurs and startups aligns seamlessly with our mission. “With hundreds of startups active in Jordan and 98% of newly registered companies being SMEs and startups—contributing over 50% of private-sector GDP and 60% of new employment opportunities—we are eager to contribute to this vibrant ecosystem and witness the global impact these entrepreneurs will have.”

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