Accelerator ‘Oasis500’ Launches $20M Early-Stage Tech Fund in Jordan

Jordan-based accelerator Oasis500 has launched its fourth investment fund, Oasis Ventures III, with a target size exceeding $20 million to support early-stage technology and tech-enabled startups.

The announcement was made at an event attended by entrepreneurs, investors and institutional stakeholders, positioning the new vehicle as a continuation of the firm’s early-stage investment strategy.

Oasis Ventures III will focus on backing startups at their formative stages, combining capital deployment with operational and strategic support. Chairwoman Suhair Ali described the fund as a direct investment in Jordanian youth and companies with growth potential and long-term sustainability. She noted that Oasis500, established in 2010 as Jordan’s first dedicated investment fund supporting technology startups, continues to operate through a model that blends funding with hands-on mentorship to help companies scale regionally and globally.

Since inception, Oasis500 has invested in 193 startups, which have collectively secured more than $135 million in follow-on funding. The firm reports an active portfolio valued at $243 million, supporting nearly 5,000 direct and indirect jobs across more than 22 countries.

Previous investment vehicles include Oasis Ventures I, launched in 2010; Oasis Creative Industries in 2015; and Oasis Ventures II in 2019, which focused on startups that had reached product-market fit and advanced commercial maturity.

The launch event also included a tribute to former chairman Marwan Juma, marking 15 years of leadership. Oasis500 was originally established through the King Abdullah II Fund for Development and aligns its investment approach with Jordan’s broader Economic Modernisation Vision.