By : JD
Jordan Daily – Jordan’s entrepreneurial ecosystem has successfully attracted entrepreneurs, securing a substantial sum of nearly $250 million in capital over the last five years, according to a report jointly released by the Ministry of Digital Economy and Entrepreneurship in collaboration with MAGNiTT.
The report reveals that Jordan has positioned itself as one of the rapidly growing venture capital hubs in the Middle East and North Africa, holding the fourth position in both bold financing and the total number of deals.
From 2018 to 2022, the report highlights that the top five deals accounted for a significant 39% of Jordan’s overall venture capital. Additionally, noteworthy acquisition activities took place during this period, including the acquisitions of Jobedu and POSRocket by Novajax in the United States and Foodics in Saudi Arabia, respectively.