Oasis500, the region’s biggest
startup accelerator, is now targeting growth stage companies with a
new investment vehicle.
Oasis500 is known for its intensive acceleration program, which focuses on training tech-focused startups in Jordan. Since its launch in 2010, it has graduated 55 companies and plans to accelerate a total of 500 within the next five years.
Now, the accelerator is expanding to target established businesses that have been in the market for 1-2 years and are now seeking up to $500,000 of follow-on or Series A funding in order to expand regionally and internationally.
With this new investment track targeting growing companies, Oasis500 will work to fill the lingering gap in the market for early stage investment, in partnership with other early stage investment vehicles Wamda Capital, the Badia Impact Fund of Accelerator Technology Holdings, and MENA Ventures.
As the ecosystem grows; it’s a logical next step. The growing
pool of existing businesses that aren’t young enough to go through
the Oasis500 bootcamp can now apply to this second investment
track, as can the pool of Oasis500 graduates. All companies need to
demonstrate is a proven record, a prototype or proven market
“At Oasis500, we are frequently approached by established businesses who seek to receive different forms of professional support. This has spurred us to launch this new business investment track which addresses a critical segment of growing technology companies,” Dr. Usama Fayyad, Executive Chairman of Oasis500, said in a statement.
Wamda CEO Habib Haddad also commented, “Some existing companies face certain obstacles that prevent them from scaling and growing at the rate that they should, and with the right support, their potential can be unlocked. This is exactly what we do at Wamda and are happy to start achieving this goal in partnership with Oasis500."
Interested companies can apply to www.oasis500.com/grow