Innovative Startups & SMES Fund (ISSF) has announced a $5 million investment in Vision Ventures’ Saqr Fund II. Saqr Fund II aims to support early-stage startups through pre-seed, seed, series A, and pre-series B stages. This investment is in line with ISSF’s goals to support Jordanian startups and ecosystems.
“We are proud to welcome Vision Ventures to our portfolio of funds,” expressed Mohammed Al-Muhtaseb, CEO of ISSF. “Vision Ventures has demonstrated a strong commitment to the Jordanian ecosystem by investing in Jordanian companies, and our investment in Vision Ventures aligns with our vision of catalyzing the growth of our ecosystem of innovative startups in Jordan and providing them with accelerated access to the Saudi and GCC markets.
Kais Al Essa, Founding Partner and CEO of Vision Ventures commented: “We are proud of our partnership with ISSF. We have always viewed the region as an interconnected network of eco-systems, where each country has its own set of opportunities. Jordan certainly adds a lot of value to the entrepreneurial ecosystem in the MENA region through its talent and innovation. Vision Ventures has been the most active VC in the MENA region since 2019 with investments in the region including Jordan. We’ve been able to create bridges between different markets including between Jordan and GCC where several partnerships and M&As resulted which benefitted the whole eco-system. Though our partnership with ISSF we intend to continue this role and explore additional synergies.”
