Oasis500 Unveils New Investment Track for Established Businesses; funding of up to $500,000 per company
Oasis500, Jordan based early stage investment company and technology start-up accelerator program, announced that it has launched a new investment track targeting established businesses, to complement its seed and early-stage investments tracks. The new investment track targets companies that have been operating in the market for over 1-2 years and require capital to accelerate their product and market expansion plans.
The new business track is aimed at enabling established companies to further accelerate and grow their businesses locally regionally and internationally, as well as receive follow-on and Series A investments from Oasis500. The amount of investment can go up to USD $500,000 for businesses that provide a proven business case
“At Oasis500, we are frequently approached by established businesses who seek to receive different forms of professional support. This has spurred us to launch this new business investment track which addresses a critical segment of growing technology companies,” commented Dr. Usama Fayyad, Executive Chairman of Oasis500 and former executive vice president and chief data officer of Yahoo! Inc. “In our first two years of operation, we invested in approximately double the target number of start-ups, and it has become clear through this experience that many established companies can greatly benefit from our investment fund as well as our specialized training and acceleration program,” added Dr. Fayyad.
The new investment track is being launched in partnership with key early-stage investment funds to provide entrepreneurs and their existing companies with the support they need. Oasis500 has partnered with Badia Impact Fund of Accelerator Technology Holdings (ATH) an active regional venture investment fund; WAMDA, an investment fund and platform aimed at inspiring and connecting entrepreneurs; and MENA Ventures, an early-stage focused angel investment fund operating from Jordan.