Wamda

Egypt

Acasia Ventures invests in Kenya’s tappi

Egypt-based venture capital firm (VC) Acasia Ventures has joined a $1.5 million pre-Seed funding round for Kenyan e-commerce enabler...

tappi Acasia Ventures

Egypt

UAE to invest $35 billion in Egypt’s Ras El-Hekma

Abu Dhabi’s investment and holding company, ADQ, has inked a deal with the Egyptian government to invest $35 billion in the...

Ras El-Hekma ADQ North Coast

Egypt

Sawari Ventures to launch $150 million fund to back Egyptian startups

Egypt-based venture capital (VC) firm Sawari Ventures intends to launch a $150 million fund to back Egyptian startups. According to...

Sawari Ventures

Egypt

Bosta raises additional investment from Avanz Capital

Egypt-based logistics startup Bosta, has raised an undisclosed amount in investment led by Avanz Capital Egypt (ACE). Founded in 2017...

Bosta Avanz Capital logistic

Egypt

Egypt’s Roboost raises $3 million investment

Egypt-based logistics startup Roboost, has closed a $3 million investment round, led by Silicon Badia, with contributions from RZM...

Roboost Logistics silicon badia

Egypt

DXwand secures $4 million Series A to fuel regional expansion

Middle East-based AI startup DXwand has closed a Series A funding round of $4 million, led by Shorooq Partners, Algebra Ventures, and...

DXwand Shorooq Partners Algebra Ventures

Egypt

Egyptian edtech Edura secures pre-Seed round

Egypt-based edtech Edura, has completed an undisclosed pre-Seed funding round led by Smart Zone Startups Studio and angel...

Edura EdTech Smart Zone Startups Studio

Egypt

Egyptian beauty startup Mira raises $200,000

Cairo-based direct-to-consumer (D2C) beauty and wellness startup, Mira, has raised $200,000 from Wingoo Investment and...

Mira

Egypt

Egypt-based fintech Zeal raises $4 million

Zeal, an Egypt-based fintech and customer loyalty app, has closed a $4 million funding round led by Raed Ventures and Cur8 Capital,...

Zeal

Egypt

Ezdehar invests $10 million in Yodawy

Egypt-based investment fund management company Ezdehar has acquired a minority stake in the Egyptian healthtech Yodawy for $10...

Yodawy Ezdehar healthtech

Egypt

Bosta raises new investment from Axian Group

Egypt-based logistics startup Bosta has raised investment from Axian Group. The amount raised remains undisclosed. Founded in 2017 by...

Bosta logistic Axian Group

Egypt

Egypt’s FriendyM raises $2 million investment

Egypt-based autotech FriendyM, has $2 million investment. Founded in 2016 by Abdelrahman Elgamal, FriendyM offers, through its...

FriendyM autotech

Egypt

Kuwaiti edtech Baim acquires Egypt's Orcas

Kuwait-based edtech Baims has acquired Egyptian counterpart Orcas. Founded in 2017 by Bader Al-Rasheed and Yousef Alhusaini,...

Baims Orcas

Egypt

T-Vencubator launches in Egypt to invest in local startups

T-Vencubator, a VC-incubator fund, has launched in Egypt to invest in and support the growth of local startups. The fund’s first...

T-Vencubator

Egypt

Egypt's MaxAB merges with Africa's largest B2B e-commerce player Wasoko

Egypt-based B2B e-commerce company MaxAB will merge with Kenya-based Wasoko. The terms of the deal were not...

MaxAB Merger

Egypt

Egypt’s iSchool $4.5 million to accelerate global expansion

Egypt-based edtech iSchool, has raised $4.5 million in a funding round led by VentureWave Capital, an Irish VC, followed by OneStop...

iSchool VentureWave Capital EdTech

Egypt

Chefaa raises $5.25 million investment to solidify presence in Saudi Arabia

Egypt-based healthtech Chefaa, has secured a $5.25 million investment, co-led by Newtown Partners (South Africa) and Global Brain...

Chefaa healthtech

Egypt

Egypt’s fintech Banknbox raises funding from Disruptech Fund

Egypt-based fintech startup Banknbox has raised funding from Disruptech Fund. Founded this year by Basem Mahmoud, Banknbox offers a...

Disruptech

Egypt

Mtor raises $2.8 million pre-Seed round led by Algebra Ventures

Egypt-based online car parts marketplace Mtor has raised a $2.8 million pre-Seed round, led by Algebra Ventures, with participation from...

Mtor Algebra Ventures automotive

Egypt

Three Egyptian startups win $10,000 grants from She’s Next competition

Three Egyptian startups have each been awarded $10,000 after ranking in the top positions in the second edition of She’s Next...

She is Next

Egypt

Egypt’s WayUp Sports closes Seed round

WayUp Sports, an Egypt-based marketplace for sports equipment and apparel, has raised a Seed round led by Beltone Venture Capital and...

WayUp Sports

Egypt

VMS invests in Egyptian edtech Akhdar

Egypt-based edtech Akhdar has raised a six-figure round from Saudi Arabia-based venture studio Value Maker Studio (VMS). The goal of...

Akhdar VMS

Egypt

Egyptian healthtech Almouneer raises $3.6 million Seed round

Egypt-based healthtech Almouneer has raised a $3.6 million Seed round, led by Global Ventures, Proparco and Digital Africa through...

Almouneer Global Ventures healthtech

Egypt

Egyptian startup ecosystem faces litmus test following debit and credit card use restrictions

The Egyptian startup ecosystem is facing yet more difficulty after local banks suspended the use of debit cards outside Egypt and limited...

currency devaluation

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