Jordan News | Latest News from Jordan, MENA
September 26 2021 6:11 PM ˚

$20mn seed fund launched in Jordan

Plants growing
(Photo: Unsplash)
  • +
  • -
AMMAN — Flat6Labs, a seed investor and manager of startup programs in the region, has launched a new USD20 million Seed Fund in Jordan to nurture the growth and development of early-stage companies. اضافة اعلان

The Jordan Seed Fund has achieved a first close of USD7.4 million and attracted contributions from prominent investors such as the International Finance Corporation (IFC), the Innovative Startups and SMEs Fund, Beyond Capital, Bank Al-Etihad, and GMS Ventures and Investments.

Applications for the program’s first four-month cycle are now open, Flat6Labs said in a statement on Wednesday, according to the Jordan News Agency, Petra.

Read more around Jordan