Innovative Startups and SMEs Fund invests $1.5M into Global Ventures

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The Innovative Startups and SMEs Fund (ISSF), Jordan’s largest investor fund, just announced a $1.5 million direct investment in Dubai-based Global Ventures. This investment is focused on technology investments at growth stage across the MENA region. This December investment demonstrates ISSF’s commitment to empowering Jordanian entrepreneurs and advancing the economy in general.

Global Ventures led the $4.5 million round of funding for Cartona, a B2B marketplace. Basil Moftah is the General Partner of Global Ventures. He expressed delight at welcoming ISSF as a partner in the Global Ventures Fund II. He also stated that GlobalVentures aligns well with the ISSF mission to transform local and regional entrepreneurial ecosystems into global centers for innovation and technology.

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