$20mn seed fund launched in Jordan

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.

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