ISSF Fund raises its investments in Propeller II to $5 million to support the leadership of the technology sector in Jordan
The Jordanian startup fund (ISSF) has announced an increase in its investment in Propel II Fund, a specialized investment fund in Software as a Service (SaaS), enterprise software, and cloud infrastructure sectors.
The investment has risen from $3.5 million to $5 million, affirming the Jordanian fund’s commitment to supporting innovation and entrepreneurship in the technology sector.
Propel Fund stands out for its excellence in technology investment, focusing on supporting startups and enhancing their capabilities for expansion and innovation.
Through numerous investments in Jordanian companies, Propel Fund effectively contributes to fostering entrepreneurial spirit and achieving economic growth in the kingdom.
In a statement by Eng. Mohammed Al-Muhaisin, CEO of the Jordanian Startup Fund, he praised the significant role played by Propel Fund in supporting entrepreneurial companies in Jordan, affirming that the increased investment reaffirms their confidence in the ability of invested companies to develop and grow.
Additionally, it underscores their continuous support for startups by providing funding, technical, and administrative support.
On his part, Tamim Qalouqah, Managing Partner at Propel, expressed his delight in continuing the partnership with the Jordanian Startup Fund, emphasizing the importance of this partnership in enhancing the technological environment in Jordan and stimulating innovation and growth in the sector.
The Jordanian startup fund (ISSF) has announced an increase in its investment in Propel II Fund, a specialized investment fund in Software as a Service (SaaS), enterprise software, and cloud infrastructure sectors. The investment has risen from $3.5 million to $5 million, affirming the Jordanian fund’s commitment to supporting innovation and entrepreneurship in the technology sector.
Propel Fund stands out for its excellence in technology investment, focusing on supporting startups and enhancing their capabilities for expansion and innovation. Through numerous investments in Jordanian companies, Propel Fund effectively contributes to fostering entrepreneurial spirit and achieving economic growth in the kingdom.
In a statement by Eng. Mohammed Al-Muhaisin, CEO of the Jordanian Startup Fund, he praised the significant role played by Propel Fund in supporting entrepreneurial companies in Jordan, affirming that the increased investment reaffirms their confidence in the ability of invested companies to develop and grow.
Additionally, it underscores their continuous support for startups by providing funding, technical, and administrative support.
On his part, Tamim Qalouqah, Managing Partner at Propel, expressed his delight in continuing the partnership with the Jordanian Startup Fund, emphasizing the importance of this partnership in enhancing the technological environment in Jordan and stimulating innovation and growth in the sector.
