Innovative Startups and SMEs Fund invests $150,000 in Decapolis

fund decapolis innovative startups smes
Jordan
  • Date: 17-Jun-2021
  • Source: Jordan Times
  • Sector:Technology
  • Country:Jordan
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Innovative Startups and SMEs Fund invests $150,000 in Decapolis

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AMMAN “” The Innovative Startups and SMEs Fund (ISSF), a leading investment fund in Jordan, has announced a direct investment of $150,000 in Decapolis, a Jordan-based company providing a traceability solution that ensures food safety and quality for food producers, farmers and regulatory agencies worldwide, according to an ISSF statement.  

Decapolis is led by a mission to enable food producers to document end-to-end supply and production chains that comply with quality control standards, and validates safety and quality on a batch-by-batch basis using blockchain technology, according to the statement.

"In the wake of the coronavirus pandemic, we have been placing added emphasis on direct investments in order to allow pioneering companies to not only survive, but also thrive. Through this investment, the ISSF is accelerating the growth of Decapolis and actively empowering the company to reach its full technical and operational potentials, thus positively impacting the local economy, achieving national progress and positioning Jordan as a prime tech and entrepreneurial hub,“ said ISSF CEO Laith Al Qassem.