Top 5 Jordanian Startups That Raised Money in 2018

2018 was not bad at all for the entrepreneurship ecosystem in Jordan. It witnessed good news for 36 Jordanian startups in terms of investment. Reported Magnitt.

In this article, we are going to cover the top five Jordanian startups that raised money in 2018.

Mawdoo3

Mawdoo3, is an Arabic online encyclopedia platform, it was launched in 2012. The platform has more than 20 million visits, 12 million visitors per month who are exploring the site’s 40,000+ articles.

Investment in 2018

  • Money Raised: $13.5 million
  • Funding Type: Series B
  • Investors: Kingsway Capital (UK), and Endure Capital (US)
  • Total Funding Amount: $15 million

Tamatem

Tamatem is the one of the leading mobile games publishers for the Arabic speaking market. It monitors successful games from around the world and Arabize them.

Investment in 2018

  • Money Raised: $2.5 million
  • Funding Type: Series A
  • Investors: Raed VC and Wamda Capital
  • Total Funding Amount: $3.4 million

MadfooatCom

Madfoo3atCom is an online payment service – that helps customers in Jordan inquire/pay their bills and payments anytime.

Investment in 2018

  • Money Raised: $2.3 million
  • Funding Type: Series B
  • Investors:Arab Palestinian Investment Company
  • Total Funding Amount: undisclosed amount

Liwwa

Liwwa, Inc, is the first peer-to-peer (P2P) lending platform. Liwwa connects small and medium businesses who need capital with fixed-income investors. Investors earn 10-15% returns while small businesses get access to much needed financing.

Investment in 2018

  • Money Raised: undisclosed (Magnitt estimated the deal with $2 million)
  • Funding Type: Series B
  • Investors: DASH Ventures, Silicon Badia, and Netherlands Development Finance Company
  • Total Funding Amount: $6.8 million

POSRocket

POSRocket is a cloud-based point-of-sale platform. That equips merchants with customizable interface to heml them run their businesses in a smart way.

Investment in 2018

  • Money Raised: $1.5 million
  • Funding Type: Series A
  • Investors: Algebra Ventures, KISP Ventures, Hala Ventures, and Arzan VC
  • Total Funding Amount: $2.2 million

Sources: 

  • Magnitt
  • Index.co