•  Investment Commitment: The ISSF has announced an investment of USD 2 million in VentureSouq Fund II, a venture capital fund manager based in the MENA region.

•  Focus on Jordanian Startups: The investment underscores ISSF’s dedication to supporting promising Jordanian startups, requiring VentureSouq to reinvest in Jordanian companies at a multiple of their initial investment.

•  Sector Leadership: Mohammed Al Muhtaseb, CEO of ISSF, highlighted the strength of the FinTech sector, noting that it has captured 52% of total investment in the MENA region over the past four years.

The Innovative Startups and SMEs Fund (ISSF), an investment fund in Jordan, has announced an investment of USD 2 million in VentureSouq Fund II.

VentureSouq is a venture capital fund manager based in the MENA region, managing a global portfolio of thematic funds, including those focused on FinTech.

This investment, completed in June, underscores ISSF’s continued commitment to bolstering promising Jordanian startups. The ISSF has stipulated that VentureSouq reinvest in Jordanian companies at a multiple of their initial investment, reinforcing their dedication to the Jordanian entrepreneurial ecosystem.

Mohammed Al Muhtaseb, CEO of ISSF, stated, “We are very proud of our partnership and investment in VentureSouq. VentureSouq has shown a strong belief in the Jordanian ecosystem by investing in local companies. “The FinTech sector remains the most active vertical in the MENA region for the past four years, capturing 52% of the total investment, “he added.