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    Venture Capital & Funding Sources

    Foundation Ventures Secures $25mn for Egypt and Africa Tech Startups

    A portion of the fund will also be allocated to investments in promising African startups beyond Egypt.
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    Ecosystem News

    Early-Stage Investor Saviu Reports Multi-Bagger Return on Lapaire Investment After Exit

    Saviu first invested in Lapaire in 2018, participating in subsequent funding rounds and ultimately holding a 22% stake.
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    Ecosystem News

    Backed by New $13M, Egypt’s Simplex is Building a Major CNC Factory in Riyadh

    CNC machines, which use pre-programmed software to automate the movement of machine tools, are crucial for modern manufacturing processes.
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    WESTERN AFRICA

    Bento CEO’s ‘Chaotic’ Run Comes to an End Amidst Tax Allegations and Client Exodus

    This is not the first time Mr. Okubanjo’s leadership has come under scrutiny.
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    GrowthLabs Acquires Startup Gate to Unify MENA’s Fragmented Tech Ecosystem

    With the integration underway, GrowthLabs is stepping on the gas for geographic and product expansion.
    Updates

    London’s Lightrock Closes $500M Fund to Back Energy Access Firms Across Africa and Asia

    The fund targets a critical bottleneck in emerging market climate tech: the lack of growth-stage capital for established operators.

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    Partner Content

    The Hidden Machinery Behind Egypt’s Quiet Adtech Exit Boom

    Global buyers are snapping up Cairo-based marketing startups, capitalising on years of rigorous local consolidation.
    Partner Content

    78% Below Cost: The Unforgiving Math Behind Digital Health Startup Vezeeta’s Pivot to Bricks and Mortar

    The deal is the most tangible sign yet that Egypt’s best known digital health platform is pivoting towards a hybrid model at a time when the purely online playbook is struggling

    Latest articles

    Updates

    GrowthLabs Acquires Startup Gate to Unify MENA’s Fragmented Tech Ecosystem

    With the integration underway, GrowthLabs is stepping on the gas for geographic and product expansion.
    Updates

    London’s Lightrock Closes $500M Fund to Back Energy Access Firms Across Africa and Asia

    The fund targets a critical bottleneck in emerging market climate tech: the lack of growth-stage capital for established operators.
    Partner Content

    Fintech Unicorn dLocal Bets on the Middle East as Africa’s Turbulence Refuses to Settle

    This reversal of fortune is stark.
    Ecosystem News

    Appeal Dismissed, Liquidation Confirmed: Court Delivers Final Blow to Mastercard-Backed $106m African Startup Fund

    A South African high court has rejected a final attempt by Africa Founders Ventures and its business rescue practitioner to overturn a winding-up order.

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