Thursday, July 3, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

Foundation Ventures launches a $25 million fund to boost Egypt’s startup ecosystem

Tech Gist Africa by Tech Gist Africa
02/16/2025
in Funding, Middle East and Africa, News - Middle East And North Africa, Venture Capital
0 0
0
Foundation Ventures Egypt

Foundation Ventures Egypt

0
SHARES
Share on FacebookShare on Twitter

Cairo-based venture capital firm Foundation Ventures has announced the first close of its $25 million fund, FVFII, aimed at bolstering Egypt’s startup ecosystem and supporting promising ventures across Africa. The fund has attracted significant investors, including the Egyptian American Enterprise Fund (EAEF), the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), and entrepreneur Onsi Sawiris.

Foundation Ventures, established in 2018 by managing partners Mazen Nadim, Omar Barakat, and Ziyad Hamdy, focuses on investing in early and growth-stage startups. The new fund aims to nurture these companies from inception through regional and global expansion. While primarily concentrating on Egypt, a portion of the capital is allocated to high-potential startups across the African continent.

“Egypt boasts one of the region’s most talented tech pools and one of the largest economies in the Middle East and Africa,” noted Mazen Nadim. “The devalued currency offers startups a rare chance to harness superior tech talent and use Egypt as a cost-efficient testbed.” This environment enables startups to refine their business models locally before emerging as competitive players on regional and global stages.

Beyond financial investment, Foundation Ventures provides its portfolio companies with access to Egypt’s extensive enterprise network, adopting a hands-on approach to foster local success and regional scalability. Yasmine Ghobrial, Chief Investment Officer at EAEF, expressed confidence in the partnership, stating, “We are excited to partner with Foundation Ventures and confident in the exceptional talent and vision of their team.” She emphasized the significant potential of Egypt’s growing venture capital ecosystem to drive economic growth.

This development highlights a robust commitment to empowering entrepreneurs and stimulating innovation within Egypt and the broader African region.

 

Read more on Tech Gist Africa: 

Egyptian Startup Simplex Secures $13 Million to Establish CNC Manufacturing Facility in Saudi Arabia

Fincart, based in Egypt, has raised a pre-seed funding round

Nowlun, an Egyptian logistics startup, has raised $1.7 million in seed funding

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Kera Senegal
Funding

KERA, a Senegalese E-Health Startup Secures $10 Million Funding

by Tech Gist Africa
06/15/2025
0

Senegalese e-health startup KERA Health Platforms has raised US$10 million in funding from the International Finance Corporation (IFC), a member...

Read more
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
DHL Group

DHL Group to Invest $575 Million in Healthcare and Logistics Expansion Across Africa and the Middle East

06/15/2025
Salpha Energy Nigeria

Salpha Energy, a Nigerian Clean Energy Startup Secures $1.3 Million Investment

06/15/2025
COREangels

COREangels MEA Launches $10 Million Fund to Support Early-Stage Startups in the Middle East and Africa

06/15/2025
Next Post
GSMA

GSMA has launched a new Innovation Fund to support AI innovation

SIA Foundation

SIA Startup Foundry Cohort 2 is now accepting applications from Nigerian startups

Cauridor Ivory Coast

Cauridor, an Ivorian  fintech startup, has raised $3.5 million in seed funding

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.