PROJECT

Projects

Summary of Investment Information

Project Number

43492

Company Name

JORDAN SEED FUND LP

Date SPI Disclosed

May 18, 2020

Country

Jordan

Region

Middle East

Projected Board Date

May 6, 2020

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Feb 7, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : May 6, 2020
Signed : Jun 27, 2021
Invested : Sep 2, 2021

Sector

Other Non-Private Equity Fund

Additional Project Attributes

Blended Finance

Project Description

The IFC equity investment in Flat6Labs Amman (“F6LA” or the “Fund”) would consist of up to USD2 million in the Fund which is a startup accelerator and early stage venture capital fund raising USD 20 million to invest in around 90+ Jordanian startups. This investment will fall under the IFC Startup Catalyst initiative, which supports entrepreneurship and innovation at the earliest stages.                                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation