Looking for Funding? Evolveplus a New Venture Capital/Private Equity Just Launched in Jordan

5 May, 2009

 This year is witnessing a growing array of people and companies entering the funding space for tech startups and companies in the Arab region, with Intilaq from Bayt.com and others who we will announce about them soon on ArabCrunch. And as of today Evolveplus based in Amman, Jordan has entered this space.

Evolveplus is a holding company that can be considered a Venture Capital (VC) in one hand or a Private Equity (PE) on the other. This means it provides funding for startups and companies from its own money (unlike many cashless VCs we see in the region) and from investors who subscribe to its different funding packages that are run in a similar fashion a VC fund is run. However there is a thin line between a VC and a PE, and a clear definition is still evolving in our part of the world.

Evolveplus investments focus revolves around technology from water and energy to Information and communication technology (ICT). “Anything as long as it has a technology angle in it” said Rami Alkarmi a serial business and social entrepreneur and Funder and Managing Director of Evolveplus. He added Like any innovative ICT automation feature that helps you do (things you could not do before or at a cheaper rate.) Evolveplus is looking for unique ideas that have potential to “evolve” themselves and help evolve the economy, Rami explained.

The investment company main target is to fund startups and companies in the Arab world with special attention to Jordan but they can also invest in any company worldwide. “The main objective is to help build the economy of Jordan and Arabic region.” Rami told ArabCrunch.

Evolveplus is open to provide funding to the following types of businesses, under the name of e+ Funds:

  • Early Stage Growth Series: from idea up to the requirement of 1st round funding. Funding amount: 50,000 – 350,000 Jordanian Dinars (JD) – 1 JD = 1.41 United Stats Dollar (USD)-
  • Restructure Series: Targeting underperforming ventures who have products, strategies, and/or target markets that are fundamentally sound but which require enhanced management, sales or marketing techniques, financial or operational controls, or other modifications in order to improve their prospects and operations. Funding amount:  300,000 – 1.2 million JDs.
  • Established Growth Series: Targeted ventures who seek to finance projects or growth strategies with private equity funding, especially given limited access to capital markets and expensive/limited credit Funding amount : 750 ,000- 3 million JDs.

The amount of equity Evolveplus will retain in e+ Funds is based on case-by-case bases according to Rami.

The majority of the current investments are from Rami’s family funds; however they do have other investors. And as not all Evolveplus funds series are fully invested , Evolveplus welcomes investors. 

Besides the e+ Funds, Evolveplus has other packages for investors (direct investors and institutional investors) who seeks to maximize their ROI and companies who seek funding:

  • e+ Direct Project Investors: are investors with specific  interest in a target sector/ venture allowing e+ to have majority control (51%) of target ventures (until exit) while limiting e+ Funds exposure to 20-30% per investment. e+ Fund Investors are given priority in direct project investment opportunities.
  • e+ Special Purpose Vehicles (SPVs) are structured  as close Ended, Jordanian-incorporated private shareholding companies that directly invest in target ventures it can also be investments in a specific sector. e+ SPVs are designed to have majority voting power ( min 51% of capital) without exposing e+ Fund to risks higher than 20-30% per invested venture. 

Besides funding, Evolveplus will provide qualified startups/companies with management support, capital structure advice, business development & sales Generation, improved financial reporting & MIS And advice in improving the Corporate Governance.

Evolveplus website is here however it is still going through development. And to apply for funding you can fill the form here.

ArabCrunch is excited to have another Venture Capital firm in Jordan and the Arab world. We look for more VCs to be born in our part of the world, specially those who invest in seed ideas and those who care for market potentials rather than immediate financial returns.

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

  1. Husam Haddad  |  May 5th, 2009 at 9:19 AM #

    thanks

  2. Tom Hendrickson  |  May 5th, 2009 at 12:48 PM #

    would like funding for real estate investments

  3. Tom Hendrickson  |  May 5th, 2009 at 1:01 PM #

    Looking for real estate funding

  4. Bradford Freeman  |  May 11th, 2009 at 9:31 AM #

    I am seeking investment opportunity in your company. I specialized in all types of business loans facilities ranging from $500K to $50M and above and I prefers either start up companies or companies seeking expansion funding with at least 1-2 years of business experience. Kindly respond with more details on my private e-mail: (bradfordfreeman98@googlemail.com) or (bradford_freeman@yahoo.com) with a coincised business executive summary..

    Bradford Freeman.
    Direct Line+447031934864
    Fax; +44870 495 5414

  5. John Smith  |  May 23rd, 2009 at 3:12 PM #

    I am an investor.We fund early stage-start-up ventures,existing Ventures and
    do total completion and investment expansion projects.Leverage walk-in equity
    on discounted commercial or residential purchases by employing our funds for
    down payment & closing costs. Qualify for better Rate & Term based on a
    lower LTV but still achieve high CLTV or $0 down financing. Funds available
    for acquisition, rehab or carrying costs including CASH-OUT! Advance equity
    fund disbursement based on verifiable walk-in equity. No income, asset or
    credit requirements. Seasoned Funds for reserves and earnest money also
    available. Brokers welcome!
    Contact us for start-up funding,commercial RE Finance,seed capital,early
    stage start-up ventures,Joint Venture/Partnership investment with liquidity
    from our part,Loan,Mortgages.We can fund excess of $10M.
    Send us an e mail on jscapitalinvestmentinc@gmail.com

    Jerry Smith

  6. Mr.Richard John Nicol  |  June 4th, 2009 at 2:33 AM #

    Dear,

    I had the privilege of going through your Add from google.com and I am interested as an investor. Get in touch with me if your offer is still available, so that we can commence negotiations.Email me back on my private email: nicolrichardjohn@yahoo.com
    Thanks.
    Mr. Richard John Nicol.

  7. Bilal Sabir  |  June 6th, 2009 at 12:46 AM #

    opportFOLIO.com is a new concept in Web services that enables training providers everywhere to reach millions of life-long learners who use the portal to manage their careers and connect to learning and employment opportunities

  8. Willem Roeloffs  |  June 15th, 2009 at 9:01 PM #

    My name is Willem Roeloffs of Sequoia Securities Ltd. I have been arranging loans for many years. Since I do all the work myself and have no overhead, I am able to arrange better loans for my clients. Working with me will be close and personal. I am available seven days a week to facilitate your loan request.If you are interested,I am very confident that I can arrange your loan at a better interest rate and lower cost than anyone else in town.All request should be sent to my email address at sequoiasecuritiesltd@googlemail.com

  9. Engr. Khaled Al Seif  |  August 31st, 2009 at 4:57 PM #

    Greetings ,
    My investment financial programme is deemed at giving financial
    credits to legitimate firms and individual at an interest rate of 5%
    per annum for 5 years renewable tenure.My idea is targeted at growing
    entrepreneurs and businessmen in the world.
    I also wish to bring to your notice our company interest to partner
    with someone,individuals and cooperate bodies alike in great business
    opportunities.
    We are currently Seeking means of expanding and relocating our
    business interest in the Following sectors: banking, real estate,
    stock speculation and mining, transportation and tobacco. If you think
    you have a solid background and idea of making good profit in any of
    the mentioned business sectors in your country; please write me for
    possible business co-operation.Email:engr.khaledalseiif@gmail.com

    Regards,
    Engr. Khaled Al Seif

  10. Brian Smith  |  October 1st, 2009 at 3:32 PM #

    I am an investor/Lender.We focus on Seed Capital,Early-Stage,Start-up Ventures,existing LLC and total completion and expansion of investment projects with immediate funding.Have extensive corporate and private background.With mammoth sized connection portal.Can Fund excess of $5M multiple projects,Equity ,mortgages and open to long term biz r/ship with partner with funding sustaining our company 3 win policy. Contact info.bsholdings@gmail.com
    Brian Smith.

  11. muniandy kirisnan  |  December 16th, 2009 at 11:38 AM #

    good day,

    I am principal and looking for fund to construct a power plant.

  12. rein ford  |  February 4th, 2010 at 7:38 PM #

    FINANCIAL LOAN OFFER HERE,APPLY NOW.
    This is Rein Ford Loan Lending Firm,
    Are you in desperate need of funds?
    Do you desire a house or a car but lack the finances to acquire it?
    Are you in need of funds for your real estate business or project establishment?
    Have you been turned down by other lenders or banks?
    Are you in need of funds to pay all your bills or for your child education?
    Are you in need of funds to acquire a property or for Agricultural purpose?
    Rein Ford Lending firm is granting you the opportunity to actualize your dream.We offer all type of loans to interested persons for any purpose.Contact us today through the below email address if you are interested in a loan of any type.
    reinford1@yahoo.com

  13. cliff davidson  |  February 6th, 2010 at 8:09 PM #

    CLIFF DAVIDSON LOAN OFFER HERE,APPLY NOW
    This is Cliff Davidson International loan lending firm,We are investors / Loan lenders.We focus on startup funds,mortgage loans,Agricultural loans,Educational loans,e.t.c.
    Are you in need of a loan to pay your bills or for your child education?
    Are you in need of a loan to purchase a property or for project establishment?
    Are you in need of a loan for Agricultural purpose or for construction?
    Are you in need of a loan for Business expansion or startup?
    Have you been turned down by your bank or other lenders because of your credit facility?
    Cliff Davidson Lending Firm is granting you the opportunity to actualize your dream.We offer all type of loans to interested persons for any purpose.Contact us today through the below email address if you are interested in a loan.
    cliffdavidson34@yahoo.com

  14. Iêda  |  February 8th, 2010 at 9:49 PM #

    Sirs,
    My name is Lady: Iêda F. Silva, companies and traders I work with several class of imported electronics, computers and accessories in women.
    I have a project very different from my professional life.
    It is a big project and it generates jobs and attract tourists, businesses and curious.
    Perfect for events and medical businesses.
    An expensive project with a good result in profit per month!
    This project is called (Crystal City) without competition and with much chance to get into the business.
    Ambitious project that valorisé the country and even the continet.
    Looking for one and partnerships with entrepreneurs who have a vision of growth and glows in the business.
    Regards
    Iêda F. Silva
    Email: ieda.essert @ hotmail.de

  15. interested investor  |  March 14th, 2010 at 3:50 AM #

    Wassalam Alaikun,

    We wish to introduce to you, our investment financial programme which is deemed at giving financial credits to legitimate individuals and corporate firms at an interest rate of 10% per annum for 5 years renewable tenure. My idea is targeted at growing entrepreneurs and businessmen in the world. I also wish to bring to your notice our company interest to partner with individuals and corporate bodies alike in great business opportunities.

    We are currently Seeking means of expanding and relocating our business interest in the following sectors; Manufacturing, Construction, Oil and Gas, Banking, Real Estate, Bio-energy projects, Mining, Transportation and Tobacco. If you have a solid background and idea of making good profit in any of the above mentioned business sectors in your country, please write me for possible business co-operation. More so, we are ready to facilitate and fund any business that is capable of generating 10% annual return on investment (AROI) JV partnership and loan financing can also be considered.

    I will be waiting for your response.

    May Almighty Allah bless you and my regards to your family as well.

    KHALED M. AL SEIF
    CHAIRMAN,
    AL SEIF AND GROUP,
    DUBAI, UAE.
    TEL: 00971509469325
    FAX: 0097140349978
    EMAIL: info@al-seif.com

  16. Rakesh Chandola  |  April 6th, 2010 at 3:30 PM #

    We are a technology startup based in Dubai-UAE with incorporation in Scotland, UK. Built a very strong Global Distribution System for medical tourism – a $100 billion industry. The technology being patent pending, the business model promises an extremely high ROI. Serious investors may correspond at: rakesh.chandola@offsurance.com

  17. a.aziz  |  June 15th, 2010 at 2:56 PM #

    want to invest in any profitable business

  18. Tony Belly  |  June 16th, 2010 at 6:18 AM #

    GUARANTY TRUST LOAN PLC

    I am Mr. Tony Belly, a reputable, legitimate & an accredited money Lender. I loan money out to individuals in need of financial assistance. Do you have a bad credit or you are in need of money to pay bills? I want to use this medium to inform you that i render reliable beneficiary assistance as I’ll be glad to offer you a loan. No credit check, 100% Guaranteed. Email: gtloans@london.com

    Note: We only welcome serious minded people. If you are not for real do not reply us because we are legitimate and ready to fund out loans for real and serious people. Get back to us with the following if you are interested:

    Full Name:
    Country:
    Phone Number:
    Amount Needed As Loan:
    Loan Duration:
    Sex:

    As soon as we received your mail, we shall send to you our loan terms and conditions for proceedings.

    Contact our company email: gtloans@london.com
    Mr. Tony Belly
    Managing Director

  19. Dido Lundula  |  June 29th, 2010 at 9:06 PM #

    We are company based in South Africa, dealing in:- Business market research, Investment and consultancy and having a sister company dealing in civil engineering and property development in Angola. We got a contract with the government in Angola for the housing projects and we are looking for financing. Serious financier please contact me for correspondance at d.lundula@gmail.com
    Dido Lundula
    MD

  20. Robert Moore  |  July 2nd, 2010 at 10:02 PM #

    I am seeking a business partnership to do residential rehabs I am willing to split the profits from all joint ventures 50/50
    Thanks Robert
    214-514-8578 leave message please

  21. Mr Jake Smith  |  July 12th, 2010 at 2:35 AM #

    Dear Sir,

    Halifax Bank Plc located in London United kingdom is now providing an
    instant loan services and as well financing projects in developed and
    developing nations.

    We offer this services to foster and enhance the growth of your
    business daily activity. At the main stream of our services we can
    provide, soft loan, micro-credit finance loan, mortgage
    loan,construction loan and agricultural loan.

    We also offer short and long term loans both secured and unsecured. Equally, We
    provide all kinds of banking instruments (MTN,BG,SBLC, BCL,PPP,SKR
    Etc.)

    Brokers and financial consultants that will work with our firm in their respective
    countries are required.

    For further inquiries contact:

    Mr Jake Smith
    Loans/Credit Operations Manager
    104/108 High Street,Bromley
    London– United Kingdom
    Tel:+44-703-195-4633.
    Fax:+44-870-974-8171.
    Email:jake_smith71@ymail.com,or
    halifax.financeinvestment@gmail.com

Leave a Feedback

  • Become Our Fan On Facebook

    ArabCrunch on Facebook

  • Popular Posts



  • Recent Comments
    • John: This is terrible and truly unjust. The ...
    • John: Talk about true censorship! Why don't yo...
    • Waleed awd: شهادتى على اللى حصل معانا انا وعبد الله ...
    • Gaith Saqer: Thank you Ahmed for your analysis I am n...
    • Ahmed: @Gaith Intel acquired SysDSoft early ...