Egypt-based agritech ReNile secured $0.45M in investment from undisclosed investors. Founded in 2017 by Hazem ..Read More

Egypt-based agritech ReNile secured $0.45M in investment from undisclosed investors. Founded in 2017 by Hazem Eltawab, ReNile offers a full-stack solution for farmers, including monitoring systems, emergency alerts, control tools, and analytics for best farming practices through its online platform.
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• Agri-tech

Egypt-based logistics startup Nowlun raised $1.7 million in seed funding, led by Nama Ventures and A15, with p ..Read More

Egypt-based logistics startup Nowlun raised $1.7 million in seed funding, led by Nama Ventures and A15, with participation from Sanabil 500 Global and other angel investors. The funds will fuel Nowlun's expansion plans and accelerate the development of its platform.
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• Logistics

Saudi Arabia-based proptech, Ayen acquired Egyptian construction tech platform, Elmawkaa in a SAR seven-figure ..Read More

Saudi Arabia-based proptech, Ayen acquired Egyptian construction tech platform, Elmawkaa in a SAR seven-figure deal. The acquisition will integrate Elmawkaa’s construction materials marketplace into Ayen’s property evaluation platform, enhancing its offerings for real estate clients. This strategic move positions Ayen for expansion into GCC markets, supporting its growth trajectory and broadening its services across private and public sectors.
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• Contech
• Proptech

South Africa-based e-commerce logistics startup Pargo has entered the Egyptian market following a $4 million i ..Read More

South Africa-based e-commerce logistics startup Pargo has entered the Egyptian market following a $4 million investment led by 3Capital Ventures, Endeavor, SAAD Investment Holdings, and UW Ventures. Established in 2014 by Derk Hoekert and Lars Veul, Pargo provides innovative delivery solutions designed to strengthen e-commerce across Africa. As part of this expansion, Pargo has introduced collection and return service points throughout Egypt.
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• Ecommerce
• Logistics

Egypt-based Sawari Ventures will launch its second fund, Sawari Ventures II, in early 2025, targeting $200 mil ..Read More

Egypt-based Sawari Ventures will launch its second fund, Sawari Ventures II, in early 2025, targeting $200 million. The fund will invest 70% in Egyptian startups at Series A and B stages, with the rest directed to Kenya, West Africa, and other international markets. Founded in 2010, Sawari Ventures has supported over 30 companies, including Swvl, MoneyFellows, and Instabug.
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• Series A
• Series B
• Startups

Egypt-based fintech Paymob has secured additional funding led by EBRD Venture Capital, with participation from ..Read More

Egypt-based fintech Paymob has secured additional funding led by EBRD Venture Capital, with participation from Endeavor Catalyst and existing investors like PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures, bringing its total Series B funding to $72 million. This will support Paymob's growth strategy across MENA.
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• Fintech

Entlaq, an Egypt-based company supporting entrepreneurs, has acquired a stake in the Egyptian foodtech Brotinn ..Read More

Entlaq, an Egypt-based company supporting entrepreneurs, has acquired a stake in the Egyptian foodtech Brotinni for an undisclosed amount. Founded in 2020 by Dalia Abu Omar, Brotinni is a dark store specializing in online meat and poultry sales. The investment will help Brotinni expand its operations within Egypt and into regional markets.
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• Foodtech