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Badia Impact Fund CV

Netherlands

Last updated 13 May 2020, by Impactyield.

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Badia Impact Fund is a venture capital fund that invests in and develops long-term partnerships with early-stage Jordanian technology and knowledge-based companies that are developing innovative solutions to local, regional, and global challenges. The Fund has currently obtained the commitments of Cisco Systems, European Investment Bank (EIB), as well as our parent company, Accelerator Technology Holdings. In collaboration with diverse partners from local, regional, and global technology ecosystems, Badia Impact Fund provides Jordanian technology ventures with growth capital in the range of US$200,000 to US$3MM. The Fund is uniquely structured to allow these ventures to succeed on a global level, with emphasis placed on exporting and exposing Jordanian innovation, talent, and ideas to the global marketplace. In targeting global relevance, we believe we are building on Jordan's existing achievements in creating a unique brand for technology entrepreneurship, which has become the benchmark for excellence in our region. Through enabling further success stories from our country, Badia Impact Fund aims to more definitively put Jordan's technology sector on the global map.



Financial description

The Fund is a closed-end venture capital fund that will invest in equity and convertible debt securities of seed, early and expansion stage privately-held non quoted companies in the range of US$200,000 - US$3 million (except Launchpad investments which are in the range of US$25,000 - US $50,000).

12 years

of track record

2012

the year funded

30,000,000 USD

AUM

Interested in this fund?
Log in or create an account to request more information.

Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.

Asset manager

Silicon Badia

Website

Headquarters location:

SDG goals

SDG targets

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Silicon Badia

Product track record: Fund has 12 years of track record

Target IRR: 20%

Committed Capital: 17,000,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2012

Vintage year: 2012

Target region: , , ,

Target close date: 01/12/2013

Product term: 10 years

Assets under management: 30,000,000 USD (US Dollar)

Investment size: Min: 25,000; Max: 3,000,000; Avg: 1,500,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 5

Fund investments to date exited or repaid: 0

Management fee: 2.5%

Carried interest: 20%

Hurdle rate: 6%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: Cisco Systems, European Investment Bank, Accelerator Technology Holdings

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Other Institutional Investors

Contact

E-mail: info@siliconbadia.com info@siliconbadia.com

Website: http://www.siliconbadia.com/

Phone number: (+962) 6 593-9094

If you wish to have your details removed from this database please email gdpr@impactyield.com


Emile Cubeisy

Managing Partner

Namek Zu’bi

Partner

Impact Performance

n.a.

Impact thesis

(1) Provide the support, networks, and capital necessary for Jordanian entrepreneurs that are positioned to achieve global impact. (2) Strengthen the local ecosystem organically and by partnering and building capacity with existing stakeholders. (3) Create sustainable developmental, social, and economic impact by transforming individuals, businesses, and institutions with focus on job and export creation opportunities. (4) Extend the indigenous investment management capabilities and track record of a team of Jordanian professionals, simultaneously helping validate venture capital in Jordan. KPIs to be measured include: Jobs Growth, Wage Growth, Revenue Growth, Local Supplier Support, % Female Workforce, % Exports from Global Markets, Employee Ownership, and Work Environment.

Impact Management

n.a.