Egypt
Egyptian fintech startup Bokra raises $4.6 million in pre-seed funding round
Egyptian fintech startup Bokra raised $4.6 million in a pre-seed funding round led by DisrupTech Ventures, SS Capital, and other investors. The funds will be used to expand investment products and dev...
Startups Without Borders Summit kicks off on May 10 in Cairo
Startups Without Borders has just launched the fifth edition of its annual summit, which will take place on May 10-11 at Kamelizer Spaces, in District 5. Launched under the theme: Break Borders, Build...
Egyptian startups shine at Underdog Tech Award 2024
Egypt takes centre stage in the global tech arena as two of its innovative startups clinch prestigious honours at the Underdog Tech Award 2024. The award aims to champion tech entrepreneurs overcoming...
Egyptian AI-powered edtech Sprints raises $3 million
Egyptian AI-powered edtech, Sprints.ai announced a $3 million bridge fundraising round, with investments from EdVentures and CFYE, among other investors.
Egypt launches Govtech Innovation Lab to empower startups
Egypt’s Ministry of Communications and Information Technology has launched the “Govtech Innovation Lab” initiative to empower innovative startups interested in government technology and improve ...
Egyptian startup Pharmacy Marts raises bridge round led by Acasia Ventures
Early-stage venture capital firm Acasia Ventures announced the investment in a Cairo-based digital marketplace, Pharmacy Marts.
Fawry and PayMe to facilitate e-payments for Egyptian expatriates worldwide
Egypt’s Fawry has partnered with PayMe to empower expatriates in the Gulf region and worldwide to conduct financial transactions and pay bills electronically in Egypt from abroad through the Pay...
Sawari Ventures plans $150 million fund for Egyptian startups
Cairo-based leading VC firm Sawari Ventures has revealed its plans to initiate a new fund of $150 million for investing in Egyptian startups as the company is eyeing diverse sectors such as fintech, e...
Egypt’s M&A activity declines in 2023
According to the latest report by global law firm Baker McKenzie, based on LSEG data for globally announced M&A transactions, Egypt’s M&A in the second half of 2023 (H2 2023) experienced a 32%...