Cisco has invested $6m in the Jordan-focussed Badia Impact Fund, in its first close including investments from the European Investment Bank and Jordan's King Abdullah Fund for Development.
US-based computer server and internet equipment company Cisco Systems has invested $6m in the Badia Impact Fund, as part of its 2011 Venture Capital Commitment to Jordan.
The Badia Impact Fund supports early stage online and mobile innovation, healthcare technologies and services, e-commerce, consumer Internet and digital media services in Jordan and the Middle East. It is managed by Silicon Badia, an Accelerator technology Holdings company, and announced its first close on February 24 with investments from Cisco (as part…
