AMMAN, Jordan – December 7, 2016. A team of Lebanese investors were welcomed by Oasis500 team members, On the Investors Day at Oasis500 offices. Mr. Elie Ghanem, and Mr. Patrick Karam from Suntrust Holding were representing the investors’ team.
The aim of the Investors Day – which is held by Oasis500 – is to provide follow-on funding and investments for the startups that are under the company’s portfolio. Mr. Ghanem and Mr. Karam were presented with a set of pitches from a selected list of Oasis500’s startups. Solfeh, Finengin, Audiogram, Play3arabi, Bilforon, MadfooatCom, Decornd and Repzo were the startups that pitched.
Suntrust Holding is currently in the process of establishing a USD 10,000,000 fund in Lebanon under the Circular 331. It is looking to invest in startups in the Seed & Series A stage. The objective of the trip is to create awareness on the opportunity of registering in Lebanon to attract funding from the Circular 331. In addition, to scouting for deal flow from Jordan.