Jordan has a thriving startup ecosystem, with a growing number of incubators, accelerators, and investment opportunities supporting the entrepreneurial landscape. The investment landscape in Jordan has evolved in recent years, with funds based in Jordan and regional funds with a clear Jordan mandate playing a vital role in fueling startup growth. In this article, we have compiled a comprehensive list of the top VC funds and angel investors in Jordan that may be the right funding partner for you.
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Why Should You Raise Funds in Jordan?
Here are some reasons why startups should consider raising funds in Jordan:
1. Access to Diverse Funding
The startup funding landscape in Jordan offers a range of funding sources, including angel investors, venture capital firms, and government initiatives like the Innovative Startups and SMEs Fund. This diversity provides startups with multiple options to secure funding and increases their chances of finding the right fit for their specific needs.
2. Growing Startup Ecosystem
Jordan is one of the fastest-growing startup ecosystems in the Middle East, with a 499% growth in startup funding in 2021 compared to the previous year. This growth indicates the increasing support and opportunities available for startups in the country. The ecosystem's growth is fueled by a combination of factors such as government support, access to talent, favorable regulations, and a thriving entrepreneurial culture. The presence of successful startups like Liwwa and MadfooatCom further showcases the potential and success of the ecosystem.
3. Supportive Regulatory Environment
Jordan has implemented several initiatives and policies to support startups and entrepreneurs. The government has established laws and regulations that promote entrepreneurship, including tax incentives for startups, simplified business registration processes, and protection of intellectual property rights. These supportive measures create a favorable regulatory environment for startups, reducing barriers to entry and encouraging innovation.
Venture Capitalist Funds in Jordan
The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2010
Stage: Pre Seed, Seed
Focus: Technology
Notable Portfolio: Bilforon, Jamalon, AmwalCom, Jobedu
Oasis500 is a well-known seed investment company and business accelerator based in Jordan. Their mission is to help entrepreneurs turn their ideas into scalable businesses by investing in their startups and providing support. They offer a range of services including entrepreneurship training, mentorship guidance, business incubation, additional follow-on investment, and funding to startups.
Year of Inception: 2017
Stage: Seed
Focus: FinTech
Notable Portfolio: InvoiceQ, Whyise, InvoiceQ, Repzo
Ahli Fintech is a prominent incubator and accelerator for fintech startups in Jordan and the MENA region. Their primary objective is to foster the growth and development of the fintech ecosystem and position Jordan as a hub for fintech innovation. They offer valuable support to startups by providing startup capital, access to a wide network of customers and experts, and open banking APIs.
Year of Inception: 2021
Stage: Seed
Focus: Technology
Notable Portfolio: DXwand, Holo, Brkz, Thndr
Plus Venture Capital is a venture capital firm that focuses on investing in tech and tech-enabled startups in the MENA region and its diaspora. They prioritize founder-focused support and aim to build a community dedicated to continuous development and growth. Apart from funding, they offer operational resources and support through their growth model, including training, mentorship, standardized founder-friendly terms, and introductions to their network.
Year of Inception: 2011
Stage: Seed, Series A
Focus: Enterprise & B2B, Technology & Developer Tools, Education, Finance, Consumer, Agriculture, Health & Insurance, Life Sciences, Mobility & Logistics
Notable Portfolio: Amplitude, Bayzat, Compstak, Headnote, Ideal Ratings
Silicon Badia is a prominent venture capital firm that provides extensive networks and support to leading technology entrepreneurs worldwide. Headquartered in Amman, Jordan, Silicon Badia focuses on investing in technology companies on a global scale. They offer crucial support to entrepreneurs through their vast network, which helps connect startups with valuable resources, mentorship, and potential customers.
Year of Inception: 2017
Stage: Seed, Series A
Focus: Food Tech, E-commerce, SaaS, Mobile & Wearables, Travel & Hospitality, Artificial Intelligence, Supply Chain & Logistics, Marketplaces, Business Cloud
Notable Portfolio: -
Relatively Fund is a prominent venture capital firm and pure tech-accelerator operating in the MENA region. They are known for their commitment to supporting ambitious entrepreneurs and inventors in their journey towards success. Relatively Fund assists these startups by providing funding, guidance, and operational resources to help them get off the ground. They play a crucial role in bridging the gap between traditional sources of funding and innovative ideas.
Year of Inception: 2018
Stage: Seed, Series A
Focus: Mobile Apps & Software
Notable Portfolio: Cargenie, Catania Apps, Shanab Games, Abjjad
Rimal Capital is a private investment firm that was established in 2018 with a focus on investing in disruptive technologies and scalable business models that deliver innovative solutions and sustainable growth. The company specializes in angel investing and investment management, with a particular interest in early-stage startups and technology-driven businesses.
Year of Inception: 2015
Stage: Seed, Series A
Focus: SaaS, Enterprise Software, Cloud Infrastructure
Notable Portfolio: FrontierZero, Corgea, TapFlow, OpenChat
With a strong focus on innovation, Propeller identifies and supports promising startups with disruptive ideas and scalable business models. Propeller takes a hands-on approach to investment, actively working with portfolio companies to help them navigate challenges and achieve their business objectives. The firm leverages this network to provide startups with valuable guidance, mentorship, and access to resources that can accelerate their growth and success.
Year of Inception: 2021
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Wafii, Palmear, The Medshed, Verity
Beyond Capital Jordan is an organization that was established through a partnership between Endeavor Jordan and Silicon Badia with the aim of bridging the gap between the entrepreneurial ecosystem and the investment community in Jordan. The organization takes a three-pillar approach to build a network of collaboration and support for entrepreneurs and investors. Funded by USAID, Beyond Capital plays a crucial role in fostering entrepreneurship and supporting high-impact ventures in Jordan.
Year of Inception: 2018
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Tamara, POSRocket, Moonshot, RemotePass, Sibly
Khwarizmi Ventures is a prominent venture capital firm and fund manager based in Riyadh, Saudi Arabia. Since its establishment in 2018, it has positioned itself as the partner of choice for entrepreneurs in the MENA region who aspire to become regional and global champions. With a strong focus on disruptive technologies and scalable business models, Khwarizmi Ventures offers financial and strategic support to early-stage startups.
Year of Inception: 2019
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Bulkwhiz, Zbooni, One Kitchen, Paynas
Venture MENA is a dedicated venture capital fund that focuses on sourcing and investing in early-stage technology startups based in the MENA region. Founded in 2019 and headquartered in Abu Dhabi, United Arab Emirates, Venture MENA is committed to identifying and supporting the most promising startups in the region and providing them with the necessary financial resources and strategic guidance to fuel their growth and success. With a deep understanding of the MENA startup ecosystem, Venture MENA plays a crucial role in nurturing innovation and driving the advancement of technology in the region.
Year of Inception: 2013
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Repzo, Elevatus, Carseer, POSRocket
Arzan Venture Capital is a leading venture capital firm based in Kuwait that has been actively investing in the MENA region. With a focus on young, fast-growing, and innovative tech teams, Arzan Venture Capital aims to support and nurture startups with a MENA angle. The company is dedicated to building strong and long-lasting relationships with the region's most talented entrepreneurs, providing them with the necessary funding and expertise to fuel their growth.
Year of Inception: 2011
Stage: Seed, Series A
Focus: Technology, Information Technology, Energy Efficiency & Renewables, Lifestyle & Consumer Brands, Creative Industries
Notable Portfolio: Alcazar Energy, Altibbi, FloraNow, e2e
DASH Ventures is a MENA-based venture capital firm that operates at the forefront of the region's rapidly transforming economic landscape. With its headquarters in Amman, Jordan, DASH Ventures focuses on seed and early-stage opportunities in the Arab World and beyond. The firm is dedicated to investing in sectors that have a sustainable impact on the region's environment and socio-economic development.
Year of Inception: 2017
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Tamara, Pure Harvest, Trukker, Breadfast
Shorooq Partners is a prominent venture capital firm that operates in the MENA region. With a focus on early-stage investments, Shorooq Partners supports and empowers innovative startups across various sectors. The firm actively seeks out exceptional entrepreneurs and provides them with the necessary resources, mentorship, and capital to accelerate their growth and success.
Year of Inception: 2014
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: BitOasis, Tarifin, Careem, Modanisa
Wamda Capital is a prominent venture capital firm that focuses on promoting and supporting entrepreneurship in the Middle East and North Africa (MENA) region. With a strong emphasis on technology and high-growth startups, Wamda Capital invests in exceptional entrepreneurs who are building the region's most promising and transformative businesses. Beyond providing financial support, Wamda Capital offers a range of services to foster the growth and success of startups. They have a knowledge platform that offers thought leadership, research, and valuable insights into the MENA startup ecosystem.
Year of Inception: 2015
Stage: Series A
Focus: Technology
Notable Portfolio: Repzo, Abwaab, Faylasof, Mawdoo3
AdamTech Ventures is a venture capital firm headquartered in Amman, Jordan. The firm seeks to provide funding and expertise to early-stage technology startups, helping them grow and succeed in the ever-evolving business landscape. AdamTech Ventures actively engages with startups, offering financial backing, mentorship, and access to valuable networks.
Angel Investors in Jordan
The Angel investors listed below are part of an Angel community located throughout Saudi Arabia. They may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
The Middle East Investment Network (MEIN) is a prominent platform that connects entrepreneurs seeking investment opportunities with angel investors across the Middle East and North Africa (MENA) region. As an alliance of leading angel investment networks in the MENA region, the platform brings together over 400 individual angel investors who specialize in investing in early-stage companies. The platform aims to promote angel investing, facilitate deal-making between members, and provide training and best practices to investors and entrepreneurs alike.
Closing Thoughts on VCs and Angel Investors in Jordan
While the startup funding landscape in Jordan has made considerable progress, challenges such as access to finance and the labor market remain. However, the commitment of the government, the presence of angel investors and venture capital firms, and the success stories of funded startups indicate a promising future for the Jordanian startup ecosystem.
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