ISSF and Ibtikar Fund Invest in Mecal
Posted On: 27 Aug 2019 | Source(s): Innovative Startups and SMEs Fund | Date: 27 August 2019
Jordan-based product design and e-commerce company Mecal has received funding from Middle East-focused venture capital firm Ibtikar Fund and Jordan-focused government-backed vehicle the Innovative Startups and SMEs Fund (ISSF). Mecal designs, produces and retails men’s accessories and intends to use the capital to scale up its consumer base. Financial details of the transaction were not disclosed.