محمد يحي
- Jordan Investment Fund (JCIF) launches “Manara Ventures” worth $70.5 million to support Jordanian startups in technology and innovation during growth and expansion stages.
- The fund targets investments in more than 20 Jordanian tech companies, focusing on enabling regional expansion with backing from institutional investors, including Abu Dhabi-based Lunate.
The Jordan Investment Fund (JCIF) has launched “Manara Ventures,” a JOD 50 million “approximately $70.5 million” fund aimed at supporting Jordanian startups in the technology and innovation sectors during their growth and expansion stages.
The fund targets investments in more than 20 Jordanian tech companies, with a focus on enabling regional expansion, backed by institutional investors in the region, including Abu Dhabi-based Lunate.
The platform is established within the Abu Dhabi Global Market (ADGM) under a Sharia-compliant structure.
Investment tickets range from $750,000 to $3 million per company, with additional capital allocated to support high-performing startups during their regional scaling phase.
The fund focuses on accelerating the growth of high-potential Jordanian tech companies while connecting local innovation with regional capital, strengthening the venture capital ecosystem in Jordan.
Lama Fawaz has been appointed CEO of the fund, where she will lead the investment strategy and support founders in building companies capable of competing regionally and globally.
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