The launch is the first step towards a full-fledged fund with a target of $30 million.
Led by an all-female team, Jordan-based Amam Ventures has launched through the Innovative Startups and SMEs Fund (ISSF) and Dutch Good Growth Fund’s (DGGF) commitment, with the country’s SMEs firmly in its sight.
Amam Ventures is an impact investment fund providing simultaneous risk capital and technical assistance, while also supporting the sustainability and growth of commercially viable SMEs committed to diversity and inclusion by working on enhancing their ESG performance.
Founders Tamara Abdel-Jaber, Fida Taher and Jenny Atout Ahlzén come from diversified backgrounds but have ultimately rallied behind one overarching goal; providing a unique blend of investment management, serial entrepreneurship, strategy and business transformation experience under one company. By introducing innovative financing tools that are fair and risk-aligned, Amam Ventures are steadfast in widening the circle of their investments and deepening the funding ecosystem.
Laith Al-Qassem, CEO at ISSF stated in a press release, “ISSF is excited to be investing in a women focused fund (AMAM Ventures). This fund is being led by a group of talented professional Women who not only understand the challenges of developing and evaluating investments but are also sensitive to the needs and challenges faced by women entrepreneurs. ISSF is confident that the AMAM team will provide meaningful support to their investments and entrepreneurs they choose to support.”
Having screened over 100 companies across different sectors, Amam Ventures will be announcing its first investment soon. With support from Beyond Capital, the launch is the first step towards a full-fledged fund with a target of $30 million.