Beltone Venture Capital Announces Equity Investment in a Moroccan eyewear startup LNKO

Beltone Venture Capital Announces Equity Investment in a Moroccan eyewear startup LNKO

Cairo, Egypt – Beltone Venture Capital has announced its latest strategic equity investment in LNKO, a pioneering omni-channel direct-to-consumer (D2C) eyewear startup. This investment is part of Beltone Venture Capital’s ongoing expansion strategy across Africa, aimed at supporting transformative businesses with high-growth potential. Since its inception four years ago, LNKO has rapidly emerged as a leader […]

Khazna Closes $16 Million Pre-Series B Round for Egypt Digital Banking License Application and KSA Expansion

Khazna Closes $16 Million Pre-Series B Round for Egypt Digital Banking License Application and KSA Expansion

February 4, 2025 – Khazna, a leading financial Super App that offers easy-to-use, technology-driven financial services to underserved segments, announces closing a $16 million pre-Series B funding round. The round saw participation from new and existing investors including SANAD Fund for MSME, anb Seed Fund (managed by anb Capital), Aljazira Capital (the investment arm of […]

Cairo-Based Foundation Ventures Raises $25M To Fund Egypt’s Early And Growth-Stage Startups

Cairo-Based Foundation Ventures Raises $25M To Fund Egypt’s Early And Growth-Stage Startups

Cairo-based venture capital firm Foundation Ventures has raised $25 million through its second fund – FVFII – to support the country’s early and growth-stage startups. The firm’s new fund has attracted investors, including the Egyptian American Enterprise Fund (EAEF), the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), and businessman Onsi Sawiris. The FVFII fund […]

Egypt’s Talent 360 Secures Six-Figure Investment to Accelerate Expansion in Saudi Arabia

Egypt’s Talent 360 Secures Six-Figure Investment to Accelerate Expansion in Saudi Arabia

Riyadh, Saudi Arabia – Talent 360, a leading provider of integrated HR solutions, has successfully closed a six-figure investment round led by C.STAR, a prominent Saudi business development and startup ecosystem enabler. This strategic partnership will enable Talent 360 to strengthen its presence in Saudi Arabia, play a more integral role in the Kingdom’s rapidly […]

Egypt-based Agri-Tech Startup ReNile Secures $450,000 Funding, Eyes Regional Expansion

Egypt-based Agri-Tech Startup ReNile Secures $450,000 Funding, Eyes Regional Expansion

Cairo, Egypt – ReNile, an Egypt-based agri-tech startup, has successfully closed a funding round of $450,000 from undisclosed investors. Founded in 2017, the company specializes in end-to-end smart farming solutions, leveraging technology to enhance agricultural productivity and sustainability. The funding will support ReNile’s ambitious expansion plans, including establishing a subsidiary in Saudi Arabia to manufacture […]

MSMEDA Commits $3 Million to Foundation Ventures Fund to Empower Egyptian Startups

Cairo, Egypt – In a significant step toward boosting Egypt’s entrepreneurial ecosystem, the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has announced a $3 million investment in Foundation Ventures Fund. The partnership aims to drive innovation, create jobs, and promote sustainable economic growth in alignment with Egypt’s Vision 2030 strategy. Fueling Egypt’s Startup Ecosystem […]

EdVentures invests six digits in Schoolz and Ibn Sina Training Academy

Cairo, Egypt – EdVentures, the leading EdTech-focused corporate venture capital firm in MENA, has announced six-digit investments in two promising EdTech startups through its innovative EdTech Ventures Studio (EDVS) program. This new funding expands EdVentures’ portfolio to a total of 24 startups. Launched earlier this year in partnership with the Challenge Fund for Youth Employment (CFYE), […]

ZSystems Secures $1.5 Million in Seed Funding to Transform Morocco’s Traditional Retail Market

Casablanca, Morocco – ZSystems (Z), a Morocco-based B2B marketplace transforming traditional retail through technology and innovation, has announced the successful completion of its $1.5 million Seed funding round. The round was led by prominent Morocco-based venture capital firms, including MNF Ventures (via MNF II fund), Witamax (via Funds II and III), Cash Plus Ventures, and […]