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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.
In Pakistan, investing with a gender lens gives i2i Ventures an early-stage edge
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What is driving Egypt s current startup boom?
Image courtesy of Shutterstock
It comes at a time when deal flow and investment in the country is rising. In the first quarter of this year, 34 Egyptian startups raised $22 million, double the amount raised by 24 startups in the fourth quarter of 2020. These two new funds are likely to further invigorate the ecosystem by providing much-needed investment for the country s startups.
“We are super excited about the growth of the entrepreneurship space in Egypt,” says Karim Hussein, managing partner at Algebra Ventures. “We ve made 21 investments out of the initial fund and we re seeing remarkable growth with some of our more portfolio businesses reaching significant market caps and significant recurring revenues. As we see today, in our pipeline of entrepreneurs and opportunities, we realised that we need to double down more on more similar opportunities.”