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Jordan's ISSF strikes limited partner-style bet in Riyadh VC fund

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Jordan's Innovative Startups and Small and Medium Enterprises Fund (ISSF) has made its sixth investment this year, backing a tech-focused growth-stage fund based in Riyadh. The ISSF, supported by the World Bank and the Central Bank of Jordan, has committed capital to the Rua Growth Fund I, which aims to raise $45 million. This move highlights the ISSF's ongoing efforts to support and promote the development of startups and small and medium-sized enterprises in Jordan.