Tagaddod, the tech-powered renewable feedstocks platform operating across Africa, Asia, and Europe, is proud to announce the successful close of its $26.3 million Series A funding round, led by The Arab Energy Fund (TAEF), a leading multilateral impact financial institution focused on sustainable energy and regional energy security, with notable participation from FMO, VKAV, and A15. This major investment […]
Cairo — Avanz Capital Egypt (ACE), a private capital asset management firm, has joined Algebra Ventures’ second fund as a Limited Partner through a secondary transaction executed via its direct investment arm, Avanz Manara. The move marks one of the first secondary LP deals in Egypt’s venture capital ecosystem. Algebra Ventures, which raised a $100 […]
This investment was made through the EdTech Venture Studio (EDVS) program. Cairo, Egypt: EdVentures, the corporate venture capital arm of Nahdet Misr Group and the region’s leading Edtech focused CVC, has announced a strategic investment in LRNOVA, a cutting-edge startup harnessing the power of artificial intelligence to transform how educational content is created. This investment was […]
The First-of-its-Kind Across Egypt, the Middle East, and Africa Addressing the Water-Energy-Food Nexus. Cairo, Egypt: CI Capital PE for Fund Management and Investment (CIPE), a subsidiary of CI Capital Holding (CICH.CA), Egypt’s leading diversified financial services group, and engazaat | the Solar Water Company signed a partnership agreement, to launch the region’s first green infrastructure fund […]
Cairo – Basata Holding for Financial Payments S.A.E., the leading e-payment services company in Egypt, announced plans to invest approximately USD 7 million in 2026 as part of its strategy to strengthen its market position. The company revealed that it is currently evaluating potential acquisition opportunities within its regional expansion plans, with final decisions expected before the end […]
Cairo/San Francisco — September 1, 2025 — Munify, a cross-border neobank built for the Egyptian diaspora, has raised $3 million in seed funding from Y Combinator, BYLD, and DCG. The startup, founded by Khalid Ashmawy, a former Microsoft and Uber engineer and co-founder of proptech scaleup Huspy, aims to modernize the remittance experience for millions […]
Ajyad Capital, a leading Shari’ah-compliant investment firm established in Bahrain and licensed by the Central Bank of Bahrain since 2003, today announced a strategic partnership with Ratings Intelligence, a UK-based provider of Shari’ah advisory services. This collaboration will integrate advanced Shari’ah-compliance technology into Ajyad Capital’s upcoming fully digital trading application, made for investors throughout the […]
Cairo, Egypt – Egyptian grocery delivery startup Breadfast has raised $10 million from the European Bank for Reconstruction and Development (EBRD) as part of its Series B2 funding round, bringing its valuation close to $400 million. The round was led by Novastar Ventures and aims to scale operations across Egypt, including the expansion of fulfilment […]
F6 Group launches F6 Ventures, a new seed-stage investment firm, alongside Flat6Labs, to support startups across the Middle East and Africa. The newly launched VC fund will manage six funds with over $90 million in assets under management (AUM), focusing on seed and early-stage investments. F6 Ventures will address funding gaps in emerging ecosystems, focusing on […]
Investment led by 4DX Ventures, Camel Ventures, and Plus VC to power Suplyd’s next growth phase beyond distribution. The round also includes participation from Seedstars and existing investors as Suplyd gears up to expand across Egypt and scale new services. Cairo, Egypt – Suplyd, the Cairo-based digital procurement platform for restaurants, announced the successful raise of […]