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Top Funding Deals in Egypt

Read about all the funding deals in Egypt

Undisclosed

Equity Stake (56.6%)

Egypt-based leading fintech platform, Fawry, acquired a 56.6% equity stake in Egypt-based fintech, Virtual CFO ..Read More

Egypt-based leading fintech platform, Fawry, acquired a 56.6% equity stake in Egypt-based fintech, Virtual CFO as part of a $1.6 million investment across three fintech firms. The move aligns with Fawry’s efforts to enhance its digital financial solutions and strengthen its “Fawry Business” ecosystem.
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$3M

Seed

Egypt-based B2B SaaS startup, Qme, secured $3 million in a seed funding round led by AHOY, with participation ..Read More

Egypt-based B2B SaaS startup, Qme, secured $3 million in a seed funding round led by AHOY, with participation from GCC-based angel investors. The investment supported Qme in enhancing its technology stack, expanding its operational reach, and strengthening partnerships.
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$6.75M

pre-Series B

Egypt-born, Saudi Arabia-based social e-commerce platform, Taager, secured $6.75 million in a pre-Series B fun ..Read More

Egypt-born, Saudi Arabia-based social e-commerce platform, Taager, secured $6.75 million in a pre-Series B funding round led by Norrsken22. The investment will support its expansion in the Middle East. Previously, in 2021, Taager raised $6.4 million in a seed round led by 4DX Ventures, with participation from Raed Ventures and other investors.
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$16M

pre-Series B

Egypt-based fintech, Khazna, closed a $16 million pre-Series B funding round with participation from SANAD Fun ..Read More

Egypt-based fintech, Khazna, closed a $16 million pre-Series B funding round with participation from SANAD Fund for MSME, anb Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest, and Disruptech Ventures. This follows its $38 million Series A round in March 2022. The new funding positions Khazna to apply for a digital banking license in Egypt and expand into Saudi Arabia.
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$25M

Fund Launch

Egypt-based venture capital firm, Foundation Ventures, closed the first round of its $25 million fund, FVFII, ..Read More

Egypt-based venture capital firm, Foundation Ventures, closed the first round of its $25 million fund, FVFII, with backing from the Egyptian American Enterprise Fund (EAEF), the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), and Onsi Sawiris. Founded in 2018, Foundation Ventures focuses on early and growth-stage startups. The fund aims to support Egypt’s startup ecosystem and invest in promising African startups.
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$13M

Undisclosed

Egypt-based CNC machine manufacturer, Simplex, secured $13 million in funding, led by Saudi Arabia-based Natio ..Read More

Egypt-based CNC machine manufacturer, Simplex, secured $13 million in funding, led by Saudi Arabia-based National Industrial Development Centre. Founded in 2013, Simplex provides industrial solutions to regional manufacturers across various industries. The investment will support the establishment of a factory in Riyadh dedicated to producing advanced CNC machines, marking a significant step in the company’s regional expansion and technological advancement.
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Undisclosed

Acquisition (Majority Stake)

Egypt-based loyalty solutions provider, Dsquares, acquired a majority stake in the B2B SaaS loyalty platform, ..Read More

Egypt-based loyalty solutions provider, Dsquares, acquired a majority stake in the B2B SaaS loyalty platform, Prepit, for an undisclosed amount. Founded in 2012, Dsquares specializes in tailored loyalty programs across multiple industries, while Prepit, founded in 2022, focuses on AI-driven solutions for F&B operations. The acquisition strengthens Dsquares' presence in the Middle East, reinforcing its expertise in key markets like Saudi Arabia, Egypt, and the UAE.
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Undisclosed

pre-Seed

Egypt-based logistics startup, Fincart.io, raised an undisclosed amount in a pre-Seed funding round, led by Pl ..Read More

Egypt-based logistics startup, Fincart.io, raised an undisclosed amount in a pre-Seed funding round, led by Plus VC and joined by Plug and Play, Orbit Startups, Jedar Capital, and other regional investors. Founded in 2023 by Mostafa Elmasry and Nihal Ali, the funds will be used to enhance Fincart's platform, expand its courier network, and support the e-commerce market in Africa and the Middle East.
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