# Innovative Private Sector Development

> Innovative Private Sector Development is a VC fund in Ramallah backing Retail and Fashion. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Ramallah, Palestinian Territory
- Total investments: 2
- Last investment: Jul 2022
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/ipsdpalestine/
- Website: https://www.ipsd.ps/
- Facebook: https://www.facebook.com/IPSDPalestine

Innovative Private Sector Development is a VC fund in Ramallah focused on Retail and Fashion. Innovative Private Sector Development Project (IPSD) is to improve economic opportunities for individuals and firms in the West Bank and the Gaza Strip, through the development of the entrepreneurship ecosystem and expansion of technologically enabled innovative projects.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 1 | 50% |
| Fashion | 1 | 50% |
| Shopping | 1 | 50% |
| Lifestyle | 1 | 50% |
| Marketing | 1 | 50% |

8 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Serbia | 1 | 50% |
| United States | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Modesta | Modesta is an e-commerce store that helps women express themselves by featuring the latest trends in modest fashion. |  | Seed | Jul 18, 2022 |  |
| gamiphy | GAMIPHY is a user engagement and retention platform that equips brands in different industries with tools proven to increase customer reach and loyalty such as branded mini games, playable Ads and digital loyalty programs. The tools and techniques offered by GAMIPHY can be either integrated into existing websites and apps, or can be used to createplatform-independent solutions. The available solutions are diverse, fully customizable, DIY, and are guaranteed to improve each customer journey, thus shorten the path to earn the loyalty sought after. | $1.6M | Seed | Jun 07, 2022 |  |

2 of 2 investments shown.

## Co-investors
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 1 deal together
- [Al Mohallab Kuwait Real Estate Company](https://shizune.co/investors/profile/al-mohallab-kuwait-real-estate-company) — VC Fund, 1 deal together
- [Bank of Palestine](https://shizune.co/investors/profile/bank-of-palestine) — VC Fund, 1 deal together
- [Innovative Startups and SME’s Fund (ISSF)](https://shizune.co/investors/profile/innovative-startups-and-sme-s-fund-issf) — VC Fund, 1 deal together

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### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
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### Similar country
- [European Bank for Reconstruction and Development](https://shizune.co/investors/profile/european-bank-for-reconstruction-and-development-ebrd) — VC Fund
- [South Central Ventures](https://shizune.co/investors/profile/sc-ventures) — VC Fund
- [Credo Ventures](https://shizune.co/investors/profile/credo-ventures) — VC Fund

## Featured in investor lists
- [All VC Funds in Serbia](https://shizune.co/investors/vc-funds-serbia)

## FAQ

### What does Innovative Private Sector Development invest in?

Innovative Private Sector Development invests primarily in Retail, Fashion and Shopping startups, most often at Seed stage. Most of the 2 investments tracked by Shizune back companies in Serbia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Innovative Private Sector Development last invest?

The most recent investment recorded for Innovative Private Sector Development closed in Jul 2022. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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