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HomeStartup NewsEgypt-Based Beltone Venture Capital Partners with CI Venture Capital

Egypt-Based Beltone Venture Capital Partners with CI Venture Capital

Beltone Holding, announces that CI Venture Capital, a wholly-owned subsidiary of Citadel International Holdings, a well-known investment management company with its headquarters in Abu Dhabi, and Beltone Venture Capital have entered into a partnership to manage a $30 million fund.

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The Fund has begun to deploy in the last few months, having closed deals with a few of the region’s leading entrepreneurs from a variety of industries and nations, including Bosta, Trella, Qlub, and Ariika.

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“We are proud and excited to partner with Beltone Venture Capital to support the growth of high-potential technology companies. Our investment will contribute to the development of the early-stage innovation ecosystem in the MENA region,” said Fady Dahlan, Managing Partner of CI Venture Capital.

Ali Mokhtar, CEO of Beltone Venture Capital, commented “The Fund is a continuation of the same strategy Beltone Venture Capital has been executing since its inception in 2023. This is aligned with our fundamental principle of acting as founders’ partners and value investors, supporting startups’ scaling up and reaching their full potential. We are aiming to expand our regional presence with a focus on high-margin sectors that offer foreseen exponential growth where technology can play a substantial role.”

About Beltone Venture Capital

Beltone Holding is a well-known provider of financial services with a long history of success. In addition to end-to-end non-banking financial institutions like leasing, factoring, consumer finance, venture capital, mortgage finance, and microfinance, the company provides a wide range and expanding array of financial solutions, including brokerage, investment banking, asset management, equity research, and private equity.

About CI Venture Capital

Citadel International is a company that invests in emerging and regional SMEs and helps them get the debt financing, equity capital, balance sheet management, and operational know-how they need to expand. Its specialty is creating wealth for its limited partners.

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