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Fund geography
Emerging countries (256) / Asia (67) / Western Asia (6) / Jordan (1)
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.
Asset class
Fund status
Fund style
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
Impact Category
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: Netherlands
Product status: Open - committed capital
Style/Stage: Early Stage
Inception year: 2012
Vintage year: 2012
Target region: Asia, Emerging countries, Jordan, Western Asia
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: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
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.