ISSF aka The Innovative Startups and SMEs Fund from Jordan is known mostly for making strategic investments in startups. They also invest in early-stage largely innovative SMEs as well. ISSF has recently announced a direct investment of $150K in a Jordan-based startup Decapolis. The startup provides feature-rich solutions for farmers, food producers, and regulatory agencies including traceability for ensuring food quality and safety at the same time.
The startup has a goal to allow farmers and food producers to keep track of end-to-end supply and production chains for convenience. Especially the production chains that comply with quality control standards along with validating various factors on batch-by-batch basis safety and quality through blockchain technology.
Laith Al Qasem, the ISSF CEO, commented “In the wake of the coronavirus pandemic, we have been placing added emphasis on direct investments in order to allow pioneering companies to not only survive but also thrive. Through this investment, the ISSF is accelerating the growth of Decapolis and actively empowering the company to reach its full technical and operational potentials, thus positively impacting the local economy, achieving national progress, and positioning Jordan as a prime tech and entrepreneurial hub.”
Decapolis CEO, Abedalrhman Habashneh, added “We are very pleased to close a round of funding with the great team at the ISSF. This investment will help us scale our technical and business operations to drive us forward towards the many opportunities we have in front of us and to further build our portfolio. This is exactly the right time for Decapolis to have available efficient solutions for the food safety traceability market for food producers and farmers.”