ISSF invests in Endeavor Catalyst’s third fund
- Date: 20-Sep-2020
- Source: Wamda
- Sector:Financial Markets
- Country:Jordan
ISSF invests in Endeavor Catalyst’s third fund
Source: Jordan News Agency
Endeavor Catalyst, the investment vehicle of global non-profit organization Endeavor, has closed its 3rd Fund "Endeavor Catalyst III", with $134 million, of which $2 million is from Jordan's Innovative Startups and SMEs Fund (ISSF), and $1.7 million from other Jordanian Limited Partners ("LPs"), according to a statement by its Managing Director, Allen Taylor.
The rest of the amount was secured from a galaxy of international investors.
Having invested earlier in 4 Jordanian companies: Kharabeesh, Altibbi, Mawdoo3 and Jamalon, Endeavor Catalyst is an innovative, rules-based co-investment fund through which Endeavor invests into its portfolio companies led by high-impact entrepreneurs around the world.
Launched in 2012, Endeavor Catalyst has raised $250M across three funds and made 150+ investments to date across 30+ different markets.Laith Al Qasem, CEO of the ISSF commented on