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Micro-Lending Online Platform Solfeh Raises USD 150,000 in Fresh Funds
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ISSF invests $150,000 in Solfeh
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Jordan s ISSF to Launch New Venture Fund with China s MSA Capital
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Propeller launches new fund to invest in early-stage startups
Image courtesy of Propeller
Jordan-based venture capital (VC) firm Propeller, has announced the first close of its second fund which will focus on pre-Seed and Seed-stage startups in Jordan and the wider Middle East and North Africa (Mena) region. The fund is sector agnostic but will favour investments in software and technology startups. Propeller aims to reach a final close of $15 million this year.
Propeller Ventures II s limited partners include the Innovative Start-ups and SMEs Fund or ISSF, Capital Bank of Jordan, BeyondCapital, and several individual investors including startup founders and an ex-Careemer.
How to use Work for Equity for innovative startups and SMEs
Business capitalization
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From a study carried out by the Ministry of Economic Development in Italy – at the end of 2020 regarding the preceding year – the number of Innovative Start Ups grew by about 10.4%, exceeding the quota of 12,000 units, and Innovative SMEs increased by 567 units, thereby showing the capacity for resilience and adaptation of the Italian entrepreneurial fabric, and its notable
aptitude for innovation.
The grave economic situation that we are experiencing, however, has not spared even the economic advancement of these particular forms of business.
It could therefore prove interesting for such businesses to benefit not only from the fiscal concessions and financial interventions currently available (such as for example the