The Jordanian Innovative Startup and SMEs Fund has announced a $5 million investment in the Saudi-based Rua Growth Fund.
Why it Matters? More efforts from ISSF to attract foreign investments into the Jordanian ecosystem.
More to Know:
- ISSF was founded in 2017 with a fund size of $98 million.
- It invests in VC funds to motivate them to invest in Jordanian startups.
- Rua Growth Fund focuses on investment in fintech, e-commerce, and SaaS.
- The investment aims to facilitate Rua Growth Fund investing in Jordan.