ISSF invests $1 million in Arzan’s second fund 

ISSF invests $1 million in Arzan’s second fund 

The Innovative Startups and SMEs Fund (ISSF) has invested $1 million Kuwait-based Arzan Venture Capital II. 

Founded in 2014, Arzan is targeting the investment in tech startups across Jordan up to the Series A funding round

The investment, made in January 2021, will be used to advance the Jordanian entrepreneurial ecosystem and empower promising entrepreneurs.

Arzan Venture Capital has already invested in eight Jordanian startups, in addition to four startups founded by Jordanian entrepreneurs located outside the kingdom.

Press release:

The Innovative Startups and SMEs Fund (ISSF), has invested $1 million in Arzan Venture Capital II; an investment fund headquartered in Kuwait. The investment, which was made in January 2021, emphasises the commitment of the ISSF towards supporting youth-led startups and SMEs during their early stages.

The investment in Arzan Venture Capital II - which in turn invests in tech startups across the Kingdom up to the Series A funding round - aims at advancing the Jordanian entrepreneurial ecosystem and empowering promising local female and male entrepreneurs.

ISSF CEO, Laith Al Qasem mentioned "We are very pleased with this notable investment, which will present several aspiring tech startups with the opportunity to grow their businesses, hence consequently generating new jobs