Beyond Capital’s Angel Network (BCAN) has announced investments in three startups based in Jordan.
Matching the investments from the Angel Network members, BeyondCapital also directly deployed small-ticket investments into the three companies through its Scout Program.
The portfolio of companies include, Wafii, a loyalty and payments platform where users earn loyalty points, while providing merchants with important business insights; Palmear, a platform that uses AI and acoustics to detect pests in palm trees; and Bith TV, a clip sharing and tournament hub for Arab Gamers and eSports teams.
BCAN expands and directs funding at the angel level into early stage startups in Jordan and MENA, as well as facilitating investment syndicates and administering a systematic investment approach for Angels seeking out attractive opportunities. Its group of trained investors gather on a bi-quarterly basis to assess a curated startup presentation.
Talal Tabbaa, BeyondCapital’s Scout who sought out Wafii commented "The deals made in parallel with the Scout program and the Angel network is a great example of how BeyondCapital promotes a wide access to different sources of capital for early-stage companies."
BCAN promotes co-investments where members can pool their resources together to invest in promising opportunities.
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