Press Release.
Since January 2021 three companies have secured investments from Beyond Capital’s Angel Network (BCAN). The angel network promotes co-investments where members can pool their resources together to invest in promising opportunities.
Matching the investments from the Angel Network members, BeyondCapital also directly deployed small-ticket investments into the three companies through its Scout Program.
Meet the companies: 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. BCAN facilitates investment syndicates and administers 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.
BeyondCapital, the USAID funded organization launched its Angel Network in partnership with GIZ, and ISSF. In collaboration with its partners, BCAN provides its members with deal flow, comprehensive investment training, due diligence and legal support.
Talal Tabbaa, BeyondCapital’s Scout who sought out Wafii said: ‘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 and the Beyond Capital Scout Program aim to tie the ropes together to create seamless, pedagogical methods to invigorate the Jordanian ecosystem as a whole.