ِAmman - Sharikat Mubasher: Jordan Capital and Investment Fund (JCIF) announced the official launch of Manara Ventures, a $70.5 million growth fund dedicated to supporting Jordan’s most promising technology and innovation-focused companies.

According to the official statement, the fund will invest in Jordanian technology and technology-enabled companies with strong growth potential, targeting over 20 growth-stage companies, with additional capital reserved to support up to 15 high-performing businesses pursuing regional expansion opportunities.

Investments are expected to range from $750,000 to $3 million, including follow-on funding rounds.

Hani Qadi, Chairman of JCIF, stated that the launch of Manara Ventures represents an important milestone in JCIF’s strategy to expand into venture capital and innovation-led investments. “This initiative is fully aligned with Jordan’s vision of building a knowledge-based, high-value economy driven by entrepreneurship, innovation, and private-sector-led growth. We believe Jordan has exceptional entrepreneurial talent, and Manara Ventures will help provide the capital and institutional support needed for these companies to scale,” he added.

For her part, Luma Fawaz, CEO of Manara Ventures, commented: “Our ambition is to back exceptional founders and help them scale regionally and globally. Beyond delivering strong financial returns, the fund seeks to catalyze technological advancement, foster innovation, and deepen regional collaboration across the broader startup ecosystem.”

Manara Ventures aims to accelerate the growth of Jordan’s digital economy, empower high-potential entrepreneurs, and strengthen the Kingdom’s position as a regional hub for innovation and technology.