Egypt Ventures is backed by government capital and plays a pivotal role in fostering the investment landscape for emerging companies in Egypt
Egypt Ventures has allocated over EGP 383.5 million across a portfolio of over 205 startup companies, since its inception. These investments came as follows, EGP 222.2 million has been invested directly, while EGP 166.3 million has been channeled as indirect investments.
Egypt Ventures was founded in 2017 and is backed by government capital with a role in fostering the investment landscape for startups in Egypt.
Additionally, Egypt Ventures invests in 3 business accelerators: Falak Startups, Flat6Labs, and Fintech EFG EV.
This came during the meeting between the Minister of International Cooperation, Rania Al-Mashat, and the Chairman of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba, to discuss enhancing joint cooperation between the Authority and development partners, and advancing international partnerships to support the emerging companies.
Earlier in May, in line with Egypt’s strategy to enhance the role of startup companies in Egypt, Prime Minister, Mostafa Madbouly, issued a decision to establish a permanent unit in the Egyptian Cabinet tasked with proposing appropriate policies, laws, and regulations for the growth and prosperity of startups in Egypt.
