Turkey Based VC Timar Ventures Invests 1 Million USD in Jordanian Startup Accelerator Oasis500

18 Sep, 2011

It seems folks at Oasis500 are boycotting ArabCrunch, they do not send us their news nor invite us to their press events, even after repeated calls from our side!

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.

(Via Business.Jo)

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  1. Timar Ventures invests in Jordan based Mobile games developer Maysalward - ArabCrunch  |  October 2nd, 2011 at 10:20 AM #

    […] Ventures, is chaired by Dr. Boulos Doany the founding CEO of Oger telecom. The VC has recently invested 1 million USD in Jordanian accelerator […]

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