Egypt’s Average Round Sizes in the Last 5 Years

Based on the number of deals that disclose a funding value, the average round size has been consistently increasing, however the growth is more pronounced in early-stage funding such as with angel, preseed and seed rounds of funding.

Growth stage funding has been consistently increasing across both Series A and Series B rounds of funding.

2023 has been an abysmal year for many countries as startup funding has dried up, which is apparent with the number of deals having significantly dropped from the highs of 2021 and 2022.

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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.

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