104 investors |
Geography | Checks | Stages | Investment thesis | Open rate | ||
---|---|---|---|---|---|---|---|
![]() | Jeeny
| ![]() ![]() | $50k to $5M | 3. Early Revenue 4. Scaling | We invest in startups in Post-Seed and Pre-Series A stages that have created tangible momentum in ride-hailing,... | 60% | Submit deckView profile |
![]() | Katha VC
VC firm | ![]() ![]() | $100k to $200k | 2. Prototype 3. Early Revenue+1 | We invest in Pre-Seed and Seed High Growth Markets Fintech. We also consider non-fintech companies where embedded... | 50% | View profile |
![]() | Ingenerate Labs
| ![]() ![]() | $10k to $200k | 2. Prototype 3. Early Revenue+1 | We invest in fintech & banking, proptech, agrotech & foodtech, energy & sustainability, HRtech, healthcare,... | 40% | Submit deckView profile |
![]() | Plug & Play Ventures
VC firm | ![]() ![]() | $50k to $400k | 1. Idea or Patent 2. Prototype+2 | We invest in early stage tech companies across industries. We are based in Silicon Valley but invest in companies... | 38% | View profile |
![]() | Cubit Ventures
VC firm | ![]() | $100k to $500k | 3. Early Revenue 4. Scaling | We invest in tech startups in Egypt; one of the fastest growing economies in the world and undergoing a massive digital... | View profile | |
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![]() | Foundation Ventures
VC firm | ![]() ![]() | $100k to $500k | 1. Idea or Patent 2. Prototype+1 | We invest in tech enabled sector agnostic startups. Foundation Ventures is an early-stage venture capital fund focused... | View profile | |
![]() | Propeller Ventures
VC firm | ![]() ![]() | $150k to $500k | 2. Prototype 3. Early Revenue+1 | We invest in teams working on SaaS, enterprise software & cloud infrastructure in the Middle East.... | View profile | |
![]() | Outliers Venture Capit...
VC firm | ![]() ![]() | $250k to $1M | 2. Prototype 3. Early Revenue+1 | We invest in outlier founders who are building compounding companies in... | View profile | |
![]() | Jaof Rahou
| ![]() ![]() | $5k to $200k | 1. Idea or Patent 2. Prototype+1 | I invest in businesses across the African continent, with a particular focus on Nigeria, South Africa, Kenya, Ghana,... | View profile | |
![]() | Almabruur Investment
| ![]() ![]() | $1k to $1M | 2. Prototype 3. Early Revenue+1 | We accelerate early-revenue and post-revenue Africa-focused impact startups. | View profile | |
![]() | FirstCheck Africa
VC firm | ![]() ![]() | $50k to $250k | 2. Prototype 1. Idea or Patent+1 | We invest in early-stage technology startups in Africa with female or diverse co-founding... | Fill formView profile | |
![]() | Orion Bridge Capital
| ![]() ![]() | $50k to $500k | 2. Prototype 3. Early Revenue+1 | We invest into early-stage startups aiming to address critical issues and inconveniences at scale. We have no... | View profile | |
![]() | AHL Venture Partners
VC firm | ![]() ![]() | $3M to $5M | 3. Early Revenue 4. Scaling+1 | We invest in Fintech, Impact Investing, Africa Rising, Smart Climate, | Submit deckView profile | |
![]() | CE Ventures
| ![]() ![]() | $2M to $7M | 5. Growth 4. Scaling+1 | We invest in consumer tech (MENA, SE Asia and India), Enterprise tech (US) and deep tech (global). We typically invest... | View profile | |
![]() | Cathay AfricInvest Inn...
VC firm | ![]() ![]() | $1M to $10M | 4. Scaling 5. Growth+1 | We invest in early to growth-stage startups based in or focused on Africa that are ready to scale and make a... | View profile | |
![]() | Acasia Group
| ![]() ![]() | $25k to $25k | 1. Idea or Patent 2. Prototype+1 | We invest in Architecture, Construction, and Engineering Technology | View profile | |
![]() | Shorooq Partners
VC firm | ![]() ![]() | $1M to $3M | 1. Idea or Patent 2. Prototype+2 | We invest in technology companies at the Pre-seed to Series-A stages that are fintech, software or platform... | View profile | |
![]() | Soma Ventures
VC firm | ![]() ![]() | $50k to $250k | 3. Early Revenue 2. Prototype | We invest in $1B plus market opportunity. Business model-scalable, solving a major pain point. Defensible Product -... | View profile | |
![]() | Nubia Capital
VC firm | ![]() ![]() | $50k to $500k | 3. Early Revenue | We invest in impact-driven startups across fintech, healthtech, agritech, cleantech, edtech, SaaS, and AI in... | View profile | |
![]() | Alarabi Venture Capita...
VC firm | ![]() ![]() | $100k to $500k | 3. Early Revenue 4. Scaling | We invest in GCC based technology startups with proven traction. | View profile |
In recent years, Egypt has steadily positioned itself as a burgeoning hub for venture capital (VC) investment, spotlighting its potential for innovation, entrepreneurship, and growth in Africa and the Middle East. With an expansive population of over 100 million, a sizeable segment of which is tech-savvy youth, and increasing internet penetration, Egypt presents a ripe environment for tech-based startups.
As of 2023, Egypt accounted for about 22% of total VC deals in Africa. The past five years have seen an impressive compound annual growth rate (CAGR) of 37% in VC investments, demonstrating a vibrant startup ecosystem.
In terms of sectors, fintech, edtech, healthtech, and e-commerce are especially hot. For instance, fintech startups have been capitalizing on Egypt's underbanked population to offer new financial solutions. Examples of high-performing unicorns include Fawry, a fintech enterprise valued at over $1 billion as of 2019, and SWVL, a mass transit system app reaching its unicorn status in 2021.
Despite its strengths, the Egyptian VC ecosystem faces several challenges. Regulatory issues are prominent, often stemming from the lack of a well-defined legal framework for startups and VC firms. While efforts have been made to simplify business registrations, further improvements are needed for effective and smooth operations.
However, in a bid to foster innovation, various governmental and non-governmental agencies have taken significant strides to improve Egypt's startup landscape. Notably, Egypt's Information Technology Industry Development Agency (ITIDA) has been instrumental in supporting the country's tech startups. Alongside, TIEC (Technology Innovation and Entrepreneurship Center), an incubator run by ITIDA, provides training, funding, and mentorship programs.
Private incubators such as Flat6Labs Cairo also play a pivotal role in fostering the local startup ecosystem. It has successfully nurtured several startups, providing them with seed funding, strategic mentorship, and a multitude of other benefits.
Moreover, the Central Bank of Egypt, through its Fintech Regulatory Sandbox, offers a testbed for fintech startups, which is instrumental in promoting innovation in this sector.
In a nutshell, while there are hurdles to overcome, the robust growth of VC investment in Egypt showcases its emerging power in the African and Middle Eastern startup scene. The consistent rise in investments, a slew of high-potential sectors, the creation of local unicorns, and increasing institutional support suggest an optimistic trajectory for Egypt's VC landscape. The stage is set for a host of opportunities for investors looking to tap into a vibrant, dynamic, and rapidly maturing market.