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The investments validate what Startlabz sees as a demand for small-ticket angel investment opportunities across the region and, if the incubator has anything to do with it, there will be more similar deals throughout 2021.
Falling in line with its focus on tech-enabled startups, Jordanian early Pre-Seed incubator, StartLabz, has revealed that it has secured $200K in investments for local startups, GasNas and Unihance. The two startups were among a group of five pitchers, who took part in a virtual event attended by angel investors from across the world.
While the five startups covered a whole range of sectors, it was GasNas' gas delivery mobile app and Unihance's online Arabic courses platform that impressed the undisclosed investors.
For Startlabz, the venture arm of Startappz, the investments validate what it sees as a demand for small-ticket angel investment opportunities across the region and subsequently have plans to expand the angel investors network that it utilises.
“We believe that there is great potential for this kind of angel network to develop in the region,” said Rama Dawod, Managing Director of Startlabz. “Many individuals with extra savings are looking for the kind of opportunities that are available in our startup ecosystem but lack the knowledge needed to follow through. This is where we come in. At Startlabz, in addition to working with startups to help them connect with investors, we are providing investors with the information and knowledge they need to understand angel investing better.”
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