Endeavor Jordan, Silicon Badia and USAID have come together to launch BeyondCapital, a $10 million joint fund that will support entrepreneurial and investment ecosystem. The fund was launched at an event yesterday which was attended by different members of the entrepreneurial ecosystem of Jordan.
The primary beneficiaries of the BeyondCapital will be entrepreneurs, fund managers, and angel investors. It will offer a tailored 2-year comprehensive program to startups, that will provide them access to Endeavor’s network of business leaders, entrepreneurs and investors to provide investments, mentorship, and training.
BeyondCapital will support existing and aspiring fund managers and angel investors through different programs that will be run by Silicon Badia, one of the leading investors of the region.
It also aims to invest as a limited partner to support the existing funds and help with the establishment of new ones. The initiative will also give these funds access to BeyondCapital’s network of limited partners.
Ali Al-Husry, a board member of BeyondCapital speaking about the fund at launch event, said: “With BeyondCapital, we aim to closely tackle most of the challenges faced by entrepreneurs be it through improved access to mentors, networks or capital”. He further explained that BeyondCapital “will also be addressing the challenges faced by investors stemming mainly from weak infrastructure and lack of training targeted at fund managers and angel investors.”
Their website is not live yet. So for now, if you would like to get in touch with someone there, you can email firstname.lastname@example.org.
Latest posts by MB Staff (see all)
- Dubai ruler launches ‘Madrasa’, largest free Arabic e-learning platform for school students - October 17, 2018
- Uber could be worth $120 billion in a possible IPO next year: report - October 16, 2018
- Ecommerce platforms in Egypt are now required to charge and remit VAT - October 16, 2018