ISSF Bolsters Investment in Propeller's Second Fund
Founded in 2017 by Tambi Jalouqa and Zaid Farekh, Propeller Ventures II (PVII) is a Jordan-based pre-Seed and Seed-stage venture capital firm (VC).
Jordan’s Innovative Startups and SMEs Fund (ISSF) has announced an increase in its investment in Propeller's second fund, Propeller Ventures II (PVII). Serving as the anchor limited partner (LP), ISSF has upped its investment from $3.5 million to $5 million.
Propeller Ventures II is spearheaded by Propeller, a Jordanian venture capital firm specializing in software as a service (SaaS), enterprise software, and cloud infrastructure sector.
Through PVII, Propeller has strategically invested in a portfolio of Jordanian companies, amplifying their commitment to driving technological progress and fostering sustainable growth.
Founded in 2017 by Tambi Jalouqa and Zaid Farekh, Propeller Ventures II (PVII) is a Jordan-based pre-Seed and Seed-stage venture capital firm (VC).
The ISSF was co-founded in 2017 by the World Bank and the Central Bank of Jordan with the intention of providing direct or venture capital fund investments to assist Jordanian companies.