Egypt’s Top 10 Funding Rounds to Date (As of February 2024)
11 March 2024•
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Looking at the largest VC equity funding rounds for Egyptian startups, MNT Halan, MaxAB, and Capiter secured each two major rounds of investment. MNT Halan stood out by securing the largest funding rounds to date and achieving unicorn status in 2023. Meanwhile, MaxAB and Capiter raised substantial funds back-to-back in 2021 and 2022.
Fintech’s dominate the list, followed by eCommerce players. Unsurprisingly, Fintech was the most invested in sector in Egypt in 2023, with 17 deals amounting to $440 million.
Healthcare came in second with 6 deals amounting to $26 million.
Education took 3rd place with 3 deals signed amounting to $5 million. eCommerce had 7 deals, but raised only $2 million collectively.
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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