Wamda

Egypt

USAID, ITIDA graduate third cohort of Startups Accelerator Programme

United States Agency for International Development (USAID) has celebrated the graduation of 23 Egyptian startups from Cohort 3 of ita...

USAID Plug and Play ITIDA

Egypt

Dar Ventures and Acasia Group launch architecture, engineering, and construction incubator

Dar Ventures, the venture capital arm of design and engineering consultancy firm Dar Al-Handasah, has launched the "DARE"...

Dar Ventures Dar Al-Handasah Dere

Egypt

ariika raises Series A round from Beltone for 20 per cent stake

Egypt-based home décor e-commerce platform ariika has closed a Series A equity funding round, secured from Beltone Venture...

ariika Beltone E-commerce

Egypt

Egypt’s Sehatech raises $850,000 in funding

Egypt-based health insurtech Sehatech has raised a $850,000 round from A15 and Beltone Venture Capital, a subsidiary of Beltone Holding...

Sehatech Insurtech

Egypt

HEDG raises six-figure pre-Seed round

Egypt-based fintech HEDG has raised a six-figure pre-Seed funding round from undisclosed investors based in Egypt and Saudi...

HEDG Fintech

Egypt

Endeavor Egypt launches XceleRise to back local entrepreneurs

Endeavor Egypt has launched XceleRise, a scale-up programme to aid access to capital and market expansion for all startups that promote...

Endeavor Egypt XceleRise

Egypt

Fawry announces plans to launch digital bank

Fawry, an Egypt-based e-payment solutions provider, unveiled plans to turn its e-portal, MyFawry, into a digital bank later this...

fawry

Egypt

Fla6labs announces awards up to $100,000 in funding for contechs in Egypt

Makers, the construction technology (contech) accelerator launched by Flat6Labs in partnership with SIAC and Dar Al-Handasah (Shair and...

Flat6Labs contech Construction

Egypt

B2B pharmaceutical marketplace Grinta acquires Auto-Cure

Cairo-based B2B pharmaceutical marketplace, Grinta, has acquired its counterpart Auto-Cure for an undisclosed value. Founded in 2020...

Grinta

Egypt

Talents Arena raises $750,000 pre-Seed round

Egypt-based AI recruitment company Talents Arena, has raised a $750,000 pre-Seed funding round from UI Investments, alongside several...

Talents Arena HR solutions AI

Egypt

Egypt’s Buguard raises $500,000 Seed round

Egypt-based cybersecurity startup Buguard has raised a $500,000 Seed funding round, led by A15 along with other angel...

Buguard A15 cybersecurity

Egypt

Egypt’s Flash raises $6 million Seed round

Egypt-based fintech Flash has completed a $6 million Seed round led by Addition with participation from Flourish Ventures and other...

Flash Fintech Addition

Egypt

Egyptian fintech Menthum raises pre-Seed funding

Egypt-based fintech Menthum has raised pre-Seed funding from Acasia Ventures, along with A15 and other angel investors. Founded...

Menthum Acasia Ventures A15

Egypt

US-based Practical VC invests in Egypt’s EXITS MENA

US-based venture capital Practical VC has invested in Egypt’s EXITS MENA (Exits.ME), an M&A advisory firm and investment...

Exits.me

Egypt

Egypt’s Masroofi raises $1.5 million

Egypt-based fintech Masroofi, has closed a $1.5 million investment round from undisclosed investors. Founded in 2022 by Mostafa...

Masroofi Fintech

Egypt

The B2B marketplaces looking to support Egypt’s restaurants

Egypt’s economic woes seem to have bypassed one particular sector - restaurants. The past few years have seen the establishment of...

B2B marketplace

Egypt

Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows

Saudi VMS, a startup accelerator based in Saudi Arabia, has acquired a minority stake in its Egyptian counterpart, Cash Cows. The...

Cashcows

Egypt

Egypt’s Agel raises pre-Seed round for its Shariah-compliant fintech platform

Egyptian fintech startup Agel has raised a seven-figure pre-Seed round from Plus Venture Capital (+VC) and Seedstars International...

Agel

Egypt

Egypt’s TFK acquires Opio to create all-in-one ecosystem

Egypt-based fashion e-commerce marketplace The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C) fashion brand, for an...

Opio TFK The Fashion Kingdom

Egypt

DMZ Cairo, EBank launch fintech bootcamp for Egyptian startups

DMZ Cairo has partnered with the Export Development Bank of Egypt (EBank) to launch a fintech bootcamp for early-stage Egyptian startups...

DMZ Cairo

Egypt

Acasia Angels invests in UK medtech Precision Cardiovascular

Egypt-based angel investment group “Acasia Angels” has participated in the $750,000 Seed round in UK-based medtech Precision...

Acasia Angels Precision Cardiovascular medtech

Egypt

Egypt announces five-year tax exemption for startups

President Abdul Fattah El Sisi has announced a five-year tax exemption for startups, with an aim to boost the country’s ecosystem...

Egyptian ecosystem Startups in Egypt

Egypt

Saudi Arabia's magnetic pull: should Egypt be concerned about startup migration?

Last month, Egyptian business tycoon Samih Sawiris announced that he would halt all new investments in Egypt and will instead shift his...

Saudi Arabia

Egypt

Logistics startup Trella raises $3.5 million from Avanz Capital Egypt

Egypt’s marketplace for trucks, Trella, has raised $3.5 million from newly-launched private equity fund Avanz Capital Egypt. The...

Trella

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