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Egypt Startups

Egypt-based Nowlun, a digital shipping platform based in the MENA region, has raised $1.7 million in a Seed Funding Round led by Nama Ventures, A15, with participation from 500 MENA and several angel investors.

Nowlun Raises $1.7 Mn in Seed Funding Round

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EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that its investment banking division had completed advisory for an EGP 370 million working capital facility for Sylndr, Egypt’s leading online used cars player.

Sylndr Raises USD 7.4 Million Funding led by EFG Hermes

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Qara, an MEA-based supply chain tech startup, announced the successful completion of its $2.6 million funding round, led by strategic investors. This funding will drive the company's expansion into the Kingdom of Saudi Arabia (KSA), supported by the National Technology Development Program's (NTDP) Relocate Initiative, which offers a range of attractive incentives and support elements, ensuring a smooth and efficient incorporation into the Kingdom's thriving tech ecosystem.

Egypt-based Qara Secures $2.6 Mn Funding Round

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Amenli, a leading insurtech broker licensed by the Financial Regulatory Authority in Egypt (FRA) has raised $2.3 million in funding led by the European Bank for Reconstruction and Development Venture Capital arm (EBRD) and includes a follow-on investment from Y Combinator (YC) to accelerating growth and enhancing service offerings.

Egypt-based Amenli Raises $2.3 Mn Investment

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Efreshli, a pioneering force in the interior design industry in Egypt founded by Heba Elgabaly, announces the joining of former Silicon Valley Google product lead Dina Elhaddad as cofounder. Additionally, Efreshli has completed its seed funding round, led by Algebra Ventures, with participation from 500 Startups, Dar Ventures, and angel investors. This new capital, combined with Dina’s extensive expertise in product development and technology, will be crucial in enhancing Efreshli's offerings and expanding its product line.

Efreshli Secures Seed Funding and Announce New Co-founder

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Beltone Holding ("Beltone") announces that its wholly owned subsidiary, Beltone Leasing and Factoring, has completed its first securitization issuance, raising EGP 1.33 billion.Beltone Investment Banking’s Debt Capital Markets Division acted as the Financial Advisor, Issuance Manager, and Bookrunner. The significant oversubscription of 1.5x is a clear testament to Beltone’s robust financial management and its ability to tap into Egypt’s evolving capital markets, attracting a diverse range of investors.

Beltone Leasing and Factoring Raises USD 43.09Mn in First Securitization

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Egypt’s leading micromobility platform, Rabbit Mobility has secured $1.3 million funding led by 500 Global and Untapped Global. The funding will fuel Rabbit's rapid growth and expansion plans across Egypt and other North African markets.

Rabbit Mobility Secures $1.3 Mn Funding led by 500 Global and...

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Banque du Caire has Signed Agreement with Beltone Asset Management, a Beltone Financial subsidiary, to manage an external investment portfolio.

Egypt-Based Banque du Caire has Signed Agreement with Beltone Asset Management

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In order to assist small and medium-sized exporters with foreign currency receivables, Basel Rahmi, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), and Tarek El Fayoumi, CEO and Managing Director of Enmaa Finance, have inked a $3 million financing deal. The international factoring mechanism will be used by Enmaa Finance to offer this funding.

Egypt-Based Enmaa Finance Signs $3 Million Agreement with MSMEDA to Boost...

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The world leader in lighting, Signify, has announced a strategic Partnership with the Misr El Kheir Foundation as part of its "Taqat Nour" initiative. Signify is funding this collaboration through its "Brighter Education" program.

Egypt-Based Misr El Kheir Strategic Partnership with Signify

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