$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. 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  Read More 98.3% Growth in Overnight Tourists and Day Visitors from African Countries Over Two Months Allowing Entry of Syrian Tourist Groups into the Kingdom According to Approved Regulations Ajloun Forest Reserve Prepares to Welcome Visitors for Eid Holiday
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.

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