Top 20 Impact VC (Venture Capital) Funds in Egypt in November 2024
A list of 20 VC (Venture Capital) funds that invest in Impact startups based in Egypt. We rank investors based on the number of investments they made in Impact companies from Egypt. We update this investor list every month.Top 20 Impact VC (Venture Capital) Funds in Egypt in November 2024
Investor | Impact Egypt investments |
---|---|
Algebra Ventures | 4 |
Falak Startups | 3 |
Flat6Labs Egypt | 2 |
Battery Road Digital Holdings | 2 |
Glint Consulting | 2 |
Cairo Angels | 2 |
HIMAngel | 1 |
Sunny Side Venture Partners | 1 |
Lotus Capital | 1 |
CVentures | 1 |
LoftyInc Capital | 1 |
Raba Partnership | 1 |
UNICEF Innovation Fund | 1 |
Kepple Africa Ventures | 1 |
Foundation Ventures | 1 |
Flat6Labs | 1 |
Acasia Ventures | 1 |
HIVOS | 1 |
Alex Angels | 1 |
A15 | 1 |
Algebra Ventures invests in technology startups that leverage innovation to transform large markets. They seek high-growth companies, led by passionate and capable teams, that have a unique value proposition, and that can generate significant economic returns.Algebra Ventures looks for entrepreneurial teams that possess vision and insight as wellas the execution skills needed to build scalable companies. Algebra Ventures focuses on Series A and Series B rounds in Egypt although they do not exclude investments in earlier-stage startups or in other parts of the MENA region. They prefer to meet startups early on and get to know the team as the opportunity is shaping up.
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Investment focus
- E-Commerce, Internet, Marketplace
- Series A, Seed, Funding Round
- Egypt, Jordan, United Arab Emirates
Portfolio highlights
- DXwand — DXwand Cognitive Engagement Toolkit, COGENT, is next generation chatbot that is trained to lookup your products, track orders and conducts a full sales order dialog with your customers. It supports both Arabic and English and works on Facebook, Instagram, Whatsapp, SMS, website, Twitter, Mobile App and over voice.
- YoLa Fresh — At YoLaFresh, our mission is to revolutionize the fresh produce supply chain in Africa by leveraging technology and data to disrupt traditional distribution models. We strive to create a more efficient and transparent system that benefits all stakeholders, from farmers to retailers and consumers. Our vision is to create a world where access tofresh, high-quality produce is a universal right. We believe that by empowering farmers and retailers with innovative technology solutions, we will improve their livelihoods and make a positive impact on their communities.
- Connect Money — Zero Capex. Go live in 60 days with Connect's one-stop-shop banking solution.
Falak Startups is a start-up accelerator designed to support and empower the next generation of Egyptian entrepreneurs and contribute to the development of the start-up ecosystem in Egypt.
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Investment focus
- E-Commerce, Mobile Apps, Marketplace
- Pre-Seed, Seed
- Egypt, United Arab Emirates, Canada
Portfolio highlights
- InCurA — Why InCurA ProductsWe Innovate Medical Devices for Today, Tomorrow and What's Needed NextInCurA is developing a pipeline of products based on its unique
- Suplyd — Suplyd is a comprehensive digital solution that bridges the gap between restaurant operators and their suppliers in order to disrupt an untouched market with extreme fragmentation and resolve the problem end-to-end.
- Fincart — Fincart helps e-commerce SMBs access working capital through streamlining their last-mile operations through multi-courier shipping platform.
MENA’s leading seed and early stage VC firm, and the manager of the most renowned startup programs in the region. We are Accelerating the Future.
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Investment focus
- E-Commerce, Internet, Software
- Pre-Seed, Seed, Funding Round
- Egypt, Canada, United States
Portfolio highlights
Frontier Markets venture capital
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Investment focus
- E-Commerce, Payments, Financial Services
- Seed, Series A, Funding Round
- Egypt, Singapore, India
Portfolio highlights
- zypl.ai — zypl.ai applies 'no data' AI at scale to advance financial inclusion in emerging and frontier markets. Our SaaS solution enables banks and microfinance organizations to instantly and accurate underwrite loans, both offline and digitally, to consumers with limited or no credit history.zypl's proprietary approach includes training AImodels on synthetically generated data with simulation of 'black swan' conditions, providing stable and adaptable SaaS in spite of macro volatility in developing markets. Apart from analyzing traditional variables such as social, demographic, and professional background of clients, our SaaS reviews device metadata, psychometrics, web trace, and macroeconomic factors to arrive at credit decisions.In the process, we fully customize AI models to risk appetite of each individual enterprise partner with the goal of reflecting their competitive market advantages. Additionally, we offer complete flexibility on mode of integration through either cloud or on-premise deployment based on enterprise preference. We only deploy explainable AI models with embedded 'weight-of-evidence' interpretation of each decision made by the software, complying with emerging regulatory requirements on credit scoring.Having launched our beta last year, we have scaled presence to 10 enterprise clients in 4 markets across Central Asia. In this time, we have underwritten >$9 million in consumer and small business (services, trade, agriculture) loans to over 12 thousand consumers with staggeringly low 0.7% portfolio-at-risk rate. Since booking first revenue earlier this year, we have surpassed 25% compounded monthly growth rate and reached financial break-even this month.As a complement to credit scoring, our product team has ventured into churn prediction in telecom sector through partnerships with 3 leading telcos in Central Asia. Our rapid product iteration and development is a result of an AI Academy that we have launched to nurture talent internally.zypl.ai was ideated at Stanford University's Startup Garage and recently completed the Silkway Accelerator by Google for Startups and Astana Hub. Our startup was launched with a grant from the Islamic Development Bank as part of the Transform Fund. With our pre-seed capital raise, we plan on globalizing our AI SaaS solution by expanding to new markets in MENA, Southeast Asia, and Eastern Europe.
- AwanTunai — AwanTunai seek to reinforce Indonesian needs and productivity by providing digital loan for a better financial freedom and capability to micro-entrepreneurs
- IMAN — One-stop shop for Halal investing
Glint Consulting is a management consulting firm that specializes in business strategy, operational efficiency, and growth acceleration. Its consulting services enable our clients to achieve better results and accelerate growth through advising management on key opportunities and issues such as strategy, operations, digital, and technology.GlintConsulting was founded in 2016 and headquartered in Cairo, Egypt.
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Investment focus
- FinTech, Internet, Payments
- Seed
- Egypt
Portfolio highlights
- Kashier — Kashier is a payment management platform for commerce and retail businesses that provide tools used for running a business. The toolkit covers subscriptions to invoices and online payments and is built with the capability to meet the rapidly evolving needs of today’s fast-growing businesses, from small startups to large enterprises.
- Filkhedma — FilKhedma is the largest home services marketplace in Egypt. Users can book online quality guaranteed reliable service providers in home cleaning, maintenance and other services. Service providers apply online and are accepted after passing through the onboarding process after which they receive orders through a mobile app. The service operates in3 Egyptian cities.
- Wasla Browser — Search, Shop and Save Money! Wasla is your new shopping browser. Wasla is the first mobile browser designed to help you save money from all your favorite stores so that you can shop more and pay less.
Cairo Angels is an angel investment network that invests in and supports early-stage startups it convenes regular investment meetings to review pre-selected potential investees.
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Investment focus
- E-Commerce, Mobile, Marketplace
- Seed, Angel, Pre-Seed
- Egypt, United States, Lebanon
Portfolio highlights
- Nawah Scientific — Nawah is MENA & Africa's first Cloud Lab providing Analytical and R&D services to the region's life science, food, agricultural and pharmaceutical sectors.
- Sprints — home page Description
- The Fashion Kingdom — Fashion, Sneakers for men, women, and kids
HIMAngel is a venture capital and private equity firm that supports early-stage startups to grow. It fills the funds' gap as there is an increasing focus on growth-stage VC funds, but little attention and even less money made available for early-stage investments.
HIMAngel was founded in 2017 and headquartered in Cairo, Al Qahirah.
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Investment focus
- Food and Beverage, E-Commerce, Manufacturing
- Seed, Pre-Seed, Convertible Note
- Egypt, Saudi Arabia, United States
Portfolio highlights
- Rology — AI-assisted On-demand Teleradiology Platform
- GBarena — GBarena is an online esports platform that serves the ecosystem stakeholders by the combination of a strong network of different esports communities, and a highly analytical tool to provide authentic value for all stakeholders (Publishers, Gamers, Tournament Organizers, Sponsors, Teams, and Media Partners).
- FreshSource — FreshSource is revolutionizing the agriculture value chain through a tech-based B2B platform that is disrupting the distribution model of horticulture produce.
Sunny Side Ventures is an investment firm.
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Investment focus
- Fashion, Shipping, Logistics
- Seed
- Egypt, Morocco
Portfolio highlights
- Logidoo — Logidoo is a digital logistics marketplace-designed company that markets shuttles through smart logistics. The company's platform, which provides rapid, dependable, secure, and economical logistics, allows users to compare offers for sending and receiving items and to track parcels in real-time.
- Scale — Scale accelerates market entry and revenue for fintechs with a people-first approach.
- The Fashion Kingdom — Fashion, Sneakers for men, women, and kids
Lotus Capital Investments
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Investment focus
- Gaming, Blockchain, Mobile Apps
- Funding Round, Seed
- Egypt, Norway, Estonia
Portfolio highlights
- Joystream — JoyStream is a blockchain powered decentralized media distribution, curation, discovery, and monetization platform.
- Forward Protocol — Create Blockchains, Subnets, and dApps with A No-Code Interface Wordpress for Web 3.0 Cross-Chain Compatible Industry Agnostic Adoption-Focused Deploy Your dApp Now Join the Community Featured In Deploy and go live in a few minutes. No programming skills required. https://www.youtube.com/watch?v=K07z8cQPQGI&ab_channel=ForwardProtocol Lowest Barrier to Entry Easy to use Open Source Drag and drop Complete control Set
- The Fashion Kingdom — Fashion, Sneakers for men, women, and kids
We invest in bold entrepreneurs creating meaningful change in financial services. We favor fast moving, forward thinking teams with deep market insights and an unquenchable appetite for growth. We back groundbreaking businesses with fundamentally distinguishable characteristics and disruptive business models. CVentures is geography agnostic. Weinvest in technology leaders across local and cross-border startup ecosystems.
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Investment focus
- Fashion, Internet, Payments
- Seed, Series A, Series B
- Egypt, United States
Portfolio highlights
- Yodawy — Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.
- MagicCube — MagicCube is the Software Defined Trust (SDT) category with its software TEE-based platform. The technology enables large-scale deployment and management of IoT and mobile- secure solutions to consumers.
- The Fashion Kingdom — Fashion, Sneakers for men, women, and kids
LoftyInc Capital Management empowers Afropreneurs to build a prosperous and equitable future in Africa. We deliver value to both founders and investors.........
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Investment focus
- FinTech, Financial Services, Software
- Seed, Pre-Seed, Series A
- Nigeria, United States, Egypt
Portfolio highlights
- Mtor — Mtor is an online marketplace that is reshaping the automotive aftermarket and provides sophisticated technology solutions.
- EMTECH — EMTECH provides solutions for Digital Currency regulatory compliance, development and management to help Central Banks and FinTechs build, run and manage modern financial systems.
- Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.
The Raba Partnership, Raba Capital, Raba
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Investment focus
- Financial Services, FinTech, Finance
- Seed, Pre-Seed, Series A
- South Africa, United States, Egypt
Portfolio highlights
- Cloudline — Cloudline leverages lighter-than-air technology and the latest developments in unmanned aerial vehicles to deliver essential goods and services to the 1 billion people without direct access to roads and runways.
- Stitch — One API integration for enterprise online payments across South Africa. Accept Pay by bank, debit + credit card, cash, manual EFT, debit order and crypto.
- Cleva — For anyone with global financial needs, A US-based dollar account in your name to receive, hold, and save USD.
The UNICEF Innovation Fund is a pooled funding vehicle to quickly assess, fund and grow open-source solutions that have been developed in new and emerging markets.UNICEF's Innovation (Venture) Fund is a newly established, non-thematic, pooled fund which has been specifically designed to finance early stage, open-source technology that canbenefit children. The core motivation of the Innovation Fund is to identify "clusters" or portfolios of initiatives around emerging technology - so that UNICEF can both shape markets and also learn about and guide these technologies to benefit children. They invest in solutions that can impact the lives of the most vulnerable children. They find these solutions clustered around $100billion industries in frontier technology spaces, such as: blockchain, UAVs, virtual and augmented reality, 3D printing, machine learning, quantum computing, genetic engineering, Internet of Things, artificial intelligence, nano-satellites and human dynamics.
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Investment focus
- Blockchain, Financial Services, Artificial Intelligence
- Grant, Seed
- Argentina, Kenya, South Africa
Portfolio highlights
- Leaf — Digital financial services for vulnerable populations on a mobile device. Access the convenience and affordability of a digital wallet with savings, remittances, and payments locally and across borders. Backed by blockchain, the safe storage and transport of assets reduces risk while creating an economy identity.
- CirroLytix — CirroLytix helps governments, researchers, NGOs, and social enterprises leverage data to achieve positive change.
- Grassroots Economics — Grassroots Economics is a non-profit foundation that has been seeking to empower marginalized communities to take charge of their own livelihoods and economic future since 2010.
Kepple Africa Ventures is an early-stage venture capital firm.
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Investment focus
- Financial Services, FinTech, Information Technology
- Seed, Pre-Seed, Funding Round
- Nigeria, Kenya, Egypt
Portfolio highlights
- Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
- Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
- Carry1st — Carry1st develops and publishes enriching mobile games and content apps for African consumers.
Foundation Ventures is an investment firm that backs exceptional teams building industry defining companies in Egypt and the MENA region.
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Investment focus
- E-Commerce, Retail, Internet
- Seed, Pre-Seed, Series A
- Egypt, Jordan, United States
Portfolio highlights
- Kenzz — Kenzz is an e-commerce platform bringing shopping to the mass market in Egypt and MENA.
- OpenFi — OpenFi's goal is to provide consistent, responsible, and exceptional conversational AI. The market-leading conversational AI enables the customers to safely harness the potential of Generative AI to automate client interactions and set new benchmarks.
- Commonplace — Commonplace is an online citizen engagement platform. We help you to engage with more community members, collect their ideas and make better places.
Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs’ proven track record as the market leader.. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside to the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets.
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Investment focus
- Software, E-Commerce, Apps
- Seed, Pre-Seed, Funding Round
- Egypt, United Arab Emirates, Saudi Arabia
Portfolio highlights
- MNZL — MNZL is on a mission to expand access to capital for Egyptians.Every person who owns an asset has accumulated wealth in it. When they want liquidity for their projects and needs, they should be able to tap into it as easily as withdrawing from a bank.With an innovative digital platform and products, we are working on making digital access tocapital a reality, and building the future of asset-backed financing in Africa.
- Yamm — Yamm is an e-commerce platform that offers a method for refunding customers' money.
- Wateer — Wateer is a digital partner that meets the needs of the real world with solutions from the digital world. Wateer offers paperless invoices at retail points "Receipt as a Service (RaaS)" using a low friction process for shoppers and retailers. It was founded in 2022 and is located in Riyadh, Riyadh.
Acasia Ventures is a leading venture capital firm that invests in early-stage companies throughout the Middle East and Africa. With a focus on being a first believer in innovation and entrepreneurship, the firm strives to support the growth of the next generation of market leaders through their unique and scalable solutions. Its Tech Fund I iscurrently targeting investments in tech-driven and tech-enabled startups at the pre-Seed to pre-Series A stages.
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Investment focus
- Financial Services, FinTech, Artificial Intelligence
- Seed, Pre-Seed
- Egypt, Nigeria, Kenya
Portfolio highlights
- Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
- Menthum — Saving Made Simple
- Bluworks.io — Bluworks.io is a HRTech SaaS platform offers cloud-based solutions.
HIVOS is a Netherlands-based organization that seeks new solutions to persistent global issues.
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Investment focus
- News, Events, Crowdfunding
- Seed, Series A
- Egypt, Lebanon, United States
Portfolio highlights
- Plstka — Plstka is solid waste management and recycling company that collects solid trash from gamification mobile app.
- Zoomaal — Zoomaal is the leading crowdfunding platform in the Arab world.Zoomaal went live in July, 2013. Semi-finalist in the MIT Arab Enterprise Forum business plan competition, backed by four Middle Eastern venture capital firms and featured on CNN, Wamda, the International Herald Tribune and more, Zoomaal is at the forefront of Arab crowdfunding: helpingpeople empower Arab creativity and culture.
- News Deeply — Founded in 2012, News Deeply is an innovative network of theme-driven information and community platforms, convening engaged, knowledgeable and passionate audiences.Led by an award-winning team of domain-expert journalists, our topical platforms combine real-time storytelling, investigative reporting and data, and expert-driven insights withonline and offline community interactions. Our readers and our partners include leaders from the private sector, government, civil society, and academia and research, as well as members of the engaged public.In an increasingly complicated information environment, we surface the vital insights and stakeholder connections that help to advance conversations and inform decision-making on the issues that matter, deeply, to the state of our world today.
Alex Angels is an investment management company that helps investors to invest in early-stage companies with strong management teams. The company specializes in the fields of financial services, financial exchange, and investments.
Alex Angels was founded in 2016 and headquartered in Al Iskandariyah, Egypt.
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Investment focus
- E-Commerce, Marketplace, Mobile Apps
- Seed, Pre-Seed, Convertible Note
- Egypt
Portfolio highlights
- CardoO — Welcome To Our InnovationsExplore
- SIDEUP — SIDEUP provides you with all the necessary tools to grow your business through a hassle-free experience from local and global logistics support, storage services, and innovative and real-time dashboards.
- Suplyd — Suplyd is a comprehensive digital solution that bridges the gap between restaurant operators and their suppliers in order to disrupt an untouched market with extreme fragmentation and resolve the problem end-to-end.
A15 is an entrepreneurial company that invests in digital products and technology brands. They aspire to empower the human race to overcome its limits and expand its capabilities by creating real products for real people. They help them scale by providing them with investment, the support of our ecosystem, and act as their launchpad for expansion.It was founded in 1996 and is headquartered in Cairo, Egypt.
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Investment focus
- E-Commerce, Financial Services, Software
- Seed, Pre-Seed, Series A
- Egypt, Ireland, Saudi Arabia
Portfolio highlights
- Paymob — Paymob runs millions of transactions for different business sizes across the Middle East and Africa. Start using Paymob’s solutions and API’s to accept and send payments for your online business now.
- FlapKap — FlapKap is a company revolutionizing e-commerce and SaaS growth in the MEA region.
- OneOrder — One Order delivers exceptional produce, custom cuts of meat, high-quality seafood, and imported foods offering an array of global flavors.
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