Tag: Early stage funding

Oasis500 Facilitates Investments In Jordanian Startups Dakwak & Masmoo3

MMM 6 Comments

Oasis500, the MENA region focused early stage and seed investment program, has announced two new investment deals for Jordanian startup companies Dakwak and Masmoo3 from its first Angel Investment event, and that the program has also signed a partnership agreement with Akhtaboot.

Dakwak, the startup behind a tool that enables websites to translate their content into over 60 languages, and which was previously reviewed here, received an investment from IV Holdings, resulting in a 300% increase in the Company’s post money valuation.
Dakwak was launched in July 2010 by Waheed Barghouthi, and was incubated by Oasis500 in March 2011.  Waheed Barghouthi is currently CTO at the company, with fellow techie Zaid Amireh in the CEO role.

Read More

Middle East Venture Partners Closes US$10 Million Of New Fund

MMM 1 Comment

Middle East Venture PartnersMiddle East Venture Partners (MEVP), a Middle East focused venture capital firm that was launched last year with the goal of covering the early and growth stage funding space in the region, just announced the first close of US$10 million of their new fund, Middle East Venture Fund L.P. (MEVF).

MEVP’s fundraising goal is to exceed US$20 Million in total funds under management, with their mission being to focus on funding and building world-class companies with innovative products and services.

They aim to accomplish this by working closely with entrepreneurs, adding value through their wide network of relationships, providing business strategy and corporate finance advice, adhering to corporate governance best-practices, and building synergies between their portfolio companies and professional services partners.

Read More

Oasis 500, A New ICT Seed Capital Fund For Jordan’s Startups

MMM 2 Comments

KAFDKing Abdullah II Fund for Development (KAFD) in Jordan is planning to launch a new ICT seed capital fund in two months with the aim of solving the problem of innovative new startups in the country that need to secure some early stage funding.

The new fund will be called Oasis 500, and the goal is for it to provide an initial capital of between $50,000 and $100,000 to 500 startups.  It will be mainly focused on funding new ideas, especially in media, online, content, applications and the service industry.

At this point, it seems that it’s still undecided though whether the fund will be expanded and made accessible to startups from outside Jordan.

Read More