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 […]
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), […]
ariika, the digital-first home furnishings disruptor, has raised USD 3 million in a Series A extension round, marking a significant milestone in its growth journey. The round was led by Beltone Venture Capital and UAE-based Citadel International Holdings, reinforcing investor confidence in ariika’s modern, accessible design offerings and its seamless online and offline customer experiences. […]
Efreshli, Egyptian Interior Design Startup, Secures Seed Funding to Expand and Enhance Offerings Cairo, Egypt – Egyptian online interior design startup Efreshli has raised a seed funding round to bolster its product lineup and further enhance its technology-driven platform for home furnishing. Founded by Heba Elgabaly, Efreshli aims to simplify the process of home decoration […]
Doha, Qatar – Pass, Qatar’s leading tech-driven logistics startup, has successfully raised more than 10 million Qatari riyals in its latest investment round, marking a significant milestone as it ramps up its regional expansion. The fresh funding will empower Pass to accelerate development of advanced logistics solutions and improve fast, reliable delivery services, ultimately enhancing the daily […]
Pargo Expands to Egypt, Launches ‘Collect and Return’ Service at Over 500 Points October 2024 — South Africa’s leading e-commerce logistics company, Pargo, has announced its expansion into Egypt with the official launch of its Collect and Return service, available across 500 Pargo Points. These collection points, established in partnership with local outlets like Fawry, […]
October 22, 2024 — Cairo Kredit, a leading finance company focused on small and medium enterprises (SMEs) and affiliated with the GB Capital Group, has announced the successful acquisition of 100 million EGP in funding from Banque du Caire. This new injection of capital is set to fuel the growth of SMEs in Egypt, a […]
Al Tadamun Microfinance Foundation Renews EGP 150 Million Credit Facility with Commercial International Bank (CIB) Cairo, Egypt – Al Tadamun Microfinance Foundation, a leading institution in financing women-owned micro-enterprises, has announced the renewal of its credit facility agreement with the Commercial International Bank – Egypt (CIB). The renewed agreement, worth EGP 150 million, aims to […]
Rabbit Mobility Secures $1.3M in Funding to Fuel Expansion Across Egypt and North Africa Egyptian micro-mobility startup Rabbit Mobility has raised $1.3 million in a new funding round led by prominent venture capital firm Global 500 and smart asset financing specialists Untapped Global. The round also saw participation from strategic angel investors and industry experts […]
Agenz Secures Investment from Renew Capital to Enhance Real Estate Market Transparency in Morocco October 15, 2024 – Agenz, a data-driven platform that delivers real-time property valuations and market insights in Morocco, has announced its latest undisclosed investment from Renew Capital. The funding will enable the platform to expand its reach and enhance its suite […]