The Innovative Startups and SMEs Fund (ISSF) has announced a direct investment of $150K in Decapolis, a Jordan-based startup that provides a traceability solution that ensures food safety and quality for food producers, farmers, and regulatory agencies worldwide.
Decapolis is led by a mission to enable food producers to document end-to-end supply and production chains that comply with quality control standards and validates safety and quality on a batch-by-batch basis using blockchain technology.
Laith Al Qasem, ISSF CEO, commented “In the wake of the coronavirus pandemic, we have been placing added emphasis on direct investments in order to allow pioneering companies to not only survive but also thrive. Through this investment, the ISSF is accelerating the growth of Decapolis and actively empowering the company to reach its full technical and operational potentials, thus positively impacting the local economy, achieving national progress, and positioning Jordan as a prime tech and entrepreneurial hub.”
Decapolis CEO, Abedalrhman Habashneh, added “We are very pleased to close a round of funding with the great team at the ISSF. This investment will help us scale our technical and business operations to drive us forward towards the many opportunities we have in front of us and to further build our portfolio. This is exactly the right time for Decapolis to have available efficient solutions for the food safety traceability market for food producers and farmers.”