Egypt Ventures Launches Corporate Partnership Initiative to Bridge the Gap Between Corporates and Startups
News Egypt Ventures has officially launched its Corporate Partnership Initiative. The initiative is designed to foster greater collaboration between Egypt’s leading corporations and the thriving startup ecosystem. These collaborations are expected to unlock significant value by combining the scale and strength of established corporates with the agility, innovation, and growth potential that define high-growth startups. […]
Egyptian AI Tech startup, Synapse Analytics raises $1.9M USD in pre-series A funding round
News By Sarah Aly [email protected] Egyptian AI tech startup, Synapse Analytics, has concluded it’s pre-series A funding round. Led by Egypt Ventures, with participation from Cloudera’s founder, Amr Awadallah, as well as Africa Platforms Founder, Simon Rowlands, Lorax Capital Partners, and Contact Financial Holding. The total investments for the round amounted to $1.9 million USD.“AI […]
Rology Closes Pre-series A Funding Round
News FOR IMMEDIATE RELEASECairo, Egypt Rology, the leading on-demand teleradiology platform in the MEA region, has successfully closed the Pre-Series A fund round, with the major investment put forth from Egypt Ventures and participation from Sequence Ventures, Waseel and Tawaref from Saudi Arabia, and Viktoria Ventures from Kenya. Previous investors include HIM Angels, AAIC, DAI […]
Wasla, the e-commerce SuperApp attracts a $9 million investment from Egypt’s largest non-bank financial services provider Contact Financial Holding
News By Sarah Aly [email protected] With the tie-up, Contact will support Wasla’s product rollout and regional expansion with a series of investments totaling up to $9 million aiming to realize Wasla’s mission to enable e-commerce, payments and credit for large audiences in emerging Markets. Contact, (formerly Sarwa Capital), is Egypt’s largest consumer finance platform, transforming […]
Gahez marketplace enters the Egyptian market with $2 million USD, raised over two pre-seed rounds, and a mission to digitize the relationship between ready-made garment manufacturers and retailers in Egypt.
News By Sarah Aly [email protected] Gahez Marketplace, an Egyptian born company, has pioneered the way for the tech industry to enter the ready-made garment market in Egypt, and conceivably the African apparel marketplace. The company announced (date of publish) they successfully raised $2 million USD in pre-seed round funding since their inception in 2021. The […]
Egyptian American Startup Acquired by Weaveworks, GitOps Leader
News By Sarah Aly [email protected] Weaveworks Limited, the GitOps company with headquarters based in London and San Francisco, has announced its acquisition of Magalix Corporation, an Egyptian-American cloud-security startup. Founded in 2017, Magalix successfully completed multiple rounds of investments, totaling 4.2 million USD. Among Magalix’s biggest supporters and investors in Egypt include Egypt Ventures and […]
DressCode: How Egypt’s first fashion e-commerce website is changing the online world of modern attire
News By Sarah Aly [email protected] Coming from three generations of textile industry leaders, Mohamed Talal founded DressCode in 2018 as a way to cater to the fashion-forward Egyptian population. As smartphone penetration rates and online activity continue increasing year after year, Talal accurately identified a gap in the market by recognizing the society’s need for […]