ADQ and Jordan’s MoDEE launched $100 million Tech Fund

In the presence of His Excellency the Prime Minister of Jordan Bisher Al Khasawneh, ADQ, an Abu Dhabi-based investment and holding company, launched a $100M Technology-focused Venture Capital fund (the Fund) with the Ministry of Digital Economy and Entrepreneurship (MoDEE) of Jordan to support high-growth technology companies and the continued growth of the Kingdom's burgeoning digital economy.

The Fund will invest in high-growth companies with proven business models, as well as Jordan-specific funds. The Fund will be dedicated to tech start-ups and innovation-led companies specialised in sectors such as information technology, telecommunications, financial services, education, food and agriculture, healthcare and life sciences, mobility and logistics, and clean energy technologies as part of accelerating the Kingdom's digital economy.

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