Oasis500, a pioneering force in Jordan's startup ecosystem, has officially launched its fourth investment fund, Oasis Ventures III, with a capital commitment exceeding $20 million. This new vehicle is set to empower early-stage technology and tech-enabled startups across the region. The fund aims to identify and support founders with scalable business models and the potential for significant regional and global expansion.
A Renewed Commitment to Early-Stage Innovation
The announcement was made during a prominent gathering of entrepreneurs, investors, and institutional partners, underscoring the collaborative spirit of the regional ecosystem. Oasis Ventures III will focus on ventures with clear, high-growth potential, providing not just capital but also strategic mentorship and access to extensive networks. The goal is to help these nascent companies build sustainable foundations for long-term economic value and success.
Suhair Al-Ali, Chairwoman at Oasis500, described the fund as a direct investment in Jordanian youth and promising companies capable of achieving sustainable growth. She emphasized that since its establishment in 2010, Oasis500 has remained dedicated to realizing the vision of His Majesty King Abdullah II. The organization continues to bridge the gap between visionary ideas and scalable tech companies that can compete globally.
Building on a Legacy of Success
Since its inception, Oasis500 has been a catalyst for Jordan's technology sector, establishing itself as one of the first dedicated seed investors in the country. Its proven model combines early-stage capital with hands-on operational guidance, helping founders navigate challenges and accelerate their growth trajectories. This comprehensive support system has been instrumental in reducing early-stage risks for its portfolio companies.
The firm's track record demonstrates significant impact, with investments in 193 startups to date. These companies have collectively secured more than $135 million in crucial follow-on funding from other investors. The current active portfolio holds an impressive valuation of approximately $243 million, reflecting the quality and potential of the ventures Oasis500 supports.
Beyond financial metrics, the portfolio's economic footprint is substantial, having generated nearly 5,000 direct and indirect jobs. Many of these businesses have successfully expanded beyond Jordan, establishing a presence in over 22 countries worldwide. This global reach highlights a strategic focus on fostering export-oriented and scalable technology enterprises that can thrive on the international stage.
Strategic Vision and Future Outlook
Oasis Ventures III builds upon the foundation of three previous investment vehicles, including Oasis Ventures I in 2010 and a creative industries fund in 2015. It marks a strategic return to earlier-stage opportunities, contrasting with its predecessor, Oasis Ventures II, which focused on more mature startups. This renewed focus aims to strengthen the pipeline of high-quality companies prepared for subsequent growth stages.
The fund's mission is closely aligned with Jordan's national priorities, including the Economic Modernization Vision and the mandate of the King Abdullah II Fund for Development. By empowering entrepreneurs with technological skills and building globally competitive companies, Oasis500 positions entrepreneurship as a powerful engine for national development. This strategic alignment reinforces its role in fostering innovation and creating sustainable employment for the youth.
This new era for Oasis500 is guided by a new board, including Suhair Al Ali, Karim Kawar, Walid Tahabsem, Fareed Bilbeisi, and Rami Ghaleb. The launch event also included a special tribute to former Chairman Marwan Juma, honoring his dedicated 15-year tenure with the organization. This transition signifies a continued commitment to backing bold founders as they scale their ventures.
The launch of Oasis Ventures III marks a significant milestone for Oasis500 and the broader regional technology landscape. It reaffirms confidence in the talent and innovation emerging from Jordan while providing the necessary resources for startups to achieve global scale. As regional capital becomes more selective, this fund positions Oasis500 to continue its vital role in shaping a vibrant and sustainable entrepreneurial ecosystem.