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Deals Signed with Egyptian Startups, by Local vs Regional vs International Investors (2019-2023)
Egypt’s startup ecosystem is part of the top three within the MENA VC landscape, due to the strong entrepreneurial culture found in Egypt, and a supportive environment supported by various stakeholders, including the government, international agencies, incubators, and venture capital firms.
The list of most active investors are mostly local investors, who have primarily participated in lower rounds requiring smaller funding amounts, such as in seed and pre-seed levels.
Some of the larger funds are both local and regional who participate in later rounds, which require larger funding amounts.
The investors are a mix of both funds and incubators, with Flat6Labs being one of the prominent accelerators in the country, while Falak Startups is a government run accelerator.
Related Report
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Investing in Egypt’s Startup Ecosystem
Micro, Small and Medium Enterprises contribute over 40% to Egypt’s economy, and account for over 75% of the country’s total employment. Entrepreneurship is critical to Egypt’s future. Today, Egypt consistently ranks as a top 3 tech startup ecosystem in both the MENA and Africa regions, based on funds raised by local startups. In this special report, we speak to the most active investors in Egypt and cover some of the country’s most successful startups to give you an inside scoop on how they are navigating the current VC winter, inflationary pressures and currency devaluation woes.
