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Oasis500 in Mideast expansion drive

April 16, 2014 9:13 am

Jordanian startup accelerator and early stage investment programme, Oasis500 is in the process of raising cash for a new fund to help expand across the Arab world, where a stream of new funding platforms are betting on the region’s budding tech scene, the Wall Street Journal has reported. The programme plans to have deployed $6m, either at seed or early stage, by the end of the year, and is now raising money for further investments around the region. The goal is to invest in 500 startups within five years.