Amman: Oasis500, Jordan's pioneering seed investment company, officially launched its fourth investment fund on Wednesday, seeking to mobilize over $20 million in capital to bolster early-stage technology startups and tech-enabled enterprises.
According to Jordan News Agency, the new fund aims to enhance the regional and global competitiveness of Jordanian entrepreneurs by targeting startups with sustainable business models capable of driving long-term economic value. The launch event in Amman convened a high-level assembly of institutional investors, policymakers, and key stakeholders from the Kingdom's entrepreneurial ecosystem.
Oasis500 Chairperson Suhair Ali highlighted that the fund represents a strategic investment in the potential of Jordanian youth. She noted that Oasis500's establishment in 2010 was a realization of the vision of His Majesty King Abdullah II, serving as the first institutional vehicle in the region dedicated to supporting tech-based entrepreneurship from its inception.
"Oasis500 continues to serve as a pivotal early-stage investor and active partner," Ali stated. "By combining equity financing with rigorous technical support, we empower local ventures to penetrate international markets. We are transitioning the ecosystem toward a more mature, impact-driven stage through a disciplined venture capital approach and a robust global network."
Since its founding through the King Abdullah II Fund for Development, Oasis500 has invested in 193 startups, facilitating more than $135 million in follow-on funding and achieving a collective portfolio valuation of approximately $243 million. These investments have generated nearly 5,000 direct and indirect jobs and expanded the footprint of Jordanian innovation across 22 countries.