Turkey Based VC Timar Ventures Invests 1 Million USD in Jordanian Startup Accelerator Oasis500
In a press release handed to the media Oasis500 the second accelerator program after Meydan in Jordan announced that it has secured a USD 1 million investment from TIMAR Ventures, a Turkey-based early-to-expansion stage venture capital (VC) fund.
This investment is targeted at the first funding round of Oasis500 Ventures 1, the investment arm of Oasis500, and will be invested directly into startup companies, either during the initial USD $15,000 funding stage or beyond.
TIMAR Ventures is a USD $150 million early-to-expansion-stage venture capital fund that invests globally in companies that apply disruptive innovation in technology and business models to create category dominant players. It also invests in the “replicate-and-innovate” model which aims to replicate successful business innovation models within Turkey, the Arab region, the Central Asian Republics and Central Eastern Europe.