Jordan Capital and Investment Fund (JCIF) has launched Manara Ventures, a JOD 50 million ($70.5 million) scale-up fund focused on Jordanian technology and innovation-driven startups.
The fund secured backing from regional institutional investors, including Abu Dhabi-based investment firm Lunate, and was established in Abu Dhabi Global Market (ADGM) as a fully Sharia-compliant platform.
The fund plans to invest in more than 20 growth-stage Jordanian technology companies, with cheque sizes ranging from $750,000 to $3 million.
Manara Ventures also plans to reserve additional capital to support up to 15 high-performing startups pursuing regional expansion opportunities.
Press release:
