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Amam Ventures Launches in Jordan to Back Impactful SMEs
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Amam Ventures launches in Jordan to support women-focused SMEs
It is targeting a fund of $30 million.
Founded by Tamara Abdel-Jaber, Fida Taher and Jenny Atout AhlzeÌn, Amam Ventures will invest in women-focused startups and SMEs including those in traditional sectors.
Amam Ventures has screened more than 100 companies and is set to announce its first investment soon.
Press release:
The Innovative Startups and SMEs Fund (ISSF) and Dutch Good Growth Fund (DGGF) announced their commitment to anchor the launch of Amam Ventures, Jordan’s first SME gender lens fund.
Led by an all-female partner team, Amam Ventures is an impact investment fund that provides risk capital strongly coupled with technical assistance. Amam supports the sustainability and growth of commercially viable SMEs that are committed to diversity and inclusion, while also working on enhancing their ESG performance.
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ISSF invests in Jordan online marketplace platform
AMMAN, Jordan, 6 hours, 16 minutes ago The Innovative Startups and SMEs Fund (ISSF), the largest investment fund of its kind in Jordan, has announced a direct investment of $150,000 in Martix; a Jordan-based online marketplace platform. The investment was made following an investment roundduringJanuary2021, which raised a seed fund of $300,000 together with UAE-based investment management firm; Select Ventures Holdings. Founded in 2018, Martix enables local merchants to smoothly transition online and strengthen their ecommerce presence by leveraging state-of-the-art technology tools and workflows, whilst presenting consumers with an aggregated view of on-boarded stores for a seamless shopping experience that allows them to make purchases from multiple stores via one shopping cart.
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