logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. ISSF invests $5mn in Saqr Fund II to support Jordanian startups

ISSF invests $5mn in Saqr Fund II to support Jordanian startups

GHADA.ISMAIL
Nov 26, 2024
Saqr Fund II aims to support early-stage startups through pre-seed, seed, series A, and pre-series B stages

Amman – Sharikat Mubasher: Innovative Startups & SMEs Fund (ISSF), 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, according to a press release.

This investment goes in line with ISSF's goals to support Jordanian startups and the eco-system.

Mohammed Al-Muhtaseb, CEO of ISSF said: "We are proud to welcome Vision Ventures to our portfolio of funds. 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 ecosystems, 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. Through our partnership with ISSF, we intend to continue this role and explore additional synergies.”

Tags

SMEs
ISSF
Saqr II Fund
Share

Attract clients with your ad

Start Now

Trending

Aramco to invest $2bn in its digital arm to accelerate tech transformation
MUBASHER.SA
BRKZ secures $30mn in growth debt from Stride Ventures
Riyadh - Sharikat Mubasher: Saudi construction technology (contech) company, BRKZ, secured up to $30 million in growth debt from Stride Ventures to solidify its position in the Saudi building materials market.The new capital will help BRKZ continue investing in AI-driven procurement tools, expanding its flexible payment enablement suite, and growing its supplier network across Saudi Arabia and international markets, the company announced in a press release today.This growth debt follows BRKZ’s earlier equity rounds totaling $22.5 million, with the latest round fully covered by several investors, including BECO, BNVT Capital, Better Tomorrow Ventures, and Wa’ed Ventures.Ibrahim Manna, Founder and CEO of BRKZ, stated that the growth debt facility will strengthen the company’s ability to support contractors and factories with more flexible payment and financing enablement options across the Saudi building materials market. “It allows us to further expand our tailored embedded financing ecosystem, helping customers manage project cash flows more efficiently,” he added.In turn, Ishpreet Singh Gandhi, Founder and Managing Partner at Stride Ventures, commented: “This partnership reflects our commitment to the region’s entrepreneurial economy, with our GCC expansion set to deploy half a billion dollars across the region by 2026.”BRKZ will enhance cloud manufacturing models and supply/offtake arrangements to support the growth and resilience of factories and raw materials sourcing in the Kingdom.Founded in 2022, BRKZ addresses inefficiencies in construction procurement, such as fragmented supply chains, manual processes, and cash flow gaps faced by contractors and factories that slow down project execution and increase costs. Its tech-enabled managed marketplace helps contractors and factories secure competitive quotes within minutes and leverage embedded financing tailored to construction cash flow cycles.
Al-Falih: 90% of Kingdom’s foreign investments now flow into non-oil sectors
MUBASHER.SA
Tabby hits $4.5bn valuation after secondary share sale
MUBASHER.SA
Saudi Arabia unveils SAR 1 bn funds to advance biotechnology sector
MUBASHER.SA

Related News

Funding News
Calendar Icon
Oct 27, 2025
Arabic AI startup Velents raises $1.5mn to launch Agent.sa
Read More
Funding News
Calendar Icon
Oct 27, 2025
Najeeb.ai secures pre-seed funding to power AI-driven insurance in Kingdom
Read More
Funding News
Calendar Icon
Oct 26, 2025
Squadio raises SAR 11 mn pre-series A to power global expansion
Read More
Funding News
Calendar Icon
Oct 23, 2025
Oman’s KitchenomiKs raises $3.2mn in funding round led by Jasoor Ventures
Read More
Funding News
Calendar Icon
Oct 22, 2025
Property Finder lands $250mn in growth financing from Ares Management
Read More
Funding News
Calendar Icon
Oct 21, 2025
TabSense closes $5mn funding to roll out AI Agentic PoS system
Read More
Funding News
Calendar Icon
Oct 21, 2025
Cercli secures $12mn to build AI-powered workforce management platform
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher