Seed

Pre-Series A

Debt Financing

Cairo

Ahmed Alsharif

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Investment in Startup

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Averroes Ventures

Delivery

Averroes Ventures helps and invests in entrepreneurial teams seeking to transform big ideas into game-changing companies.

Riyadh

TruKKer

Logistics

Freight Service

Supply Chain Management

Transportation

TruKKer is a Digital Freight Network that integrates Demand & Supply for multimodal freight services

Series B

Breadfast

Food and Beverage

E-Commerce

Food Delivery

Delivery Services

Grocery

Breadfast delivers household essentials, bakeries, groceries, fruits, veggies, and more than 3,000 items in minutes.

Giza

ILLA

Apps

Deliveries

Storage

Supply Chain

Transportation/Trucking/Railroad

Warehousing

Fleet Management

ILLA is an asset-light FMCG-focused middle-mile logistics company that digitizes and optimizes delivery processes, connecting FMCG companies with a versatile truck network to enhance efficiency, visibility, and sales growth.

Khazenly

Logistics & Storage

Khazenly is a tech-enabled omni-channel fulfillment and logistics solutions company for retailers across the region.

Nawah Scientific

Biotechnology

Medical

Pharmaceuticals

Pharmaceutical

Biotech

Life Science

Nanotechnology

Research

Research & Development

Nawah Scientific is an online hub for advanced research in natural and medical sciences that provides on-demand experiment services, supporting industries and academics with world-class pharmaceutical formulation and analysis.

TruKKer, a UAE-based truck aggregator, has raised $1.4 million as seed investment in a round, led by Raed VC. The round was also joined by Riyad TAQNIA Fund (RTF), 500 Startups, Cairo-based Averroes Ventures, and Kuwait’s Arzan VC.

Dubai-based truck aggregator TruKKer raises $1.4 million in seed funding

Cairo-based Nawah Scientific has raised $1 million in pre-Series A funding, the startup announced today, in a statement to MENAbytes. The round was led by Endure Capital and joined by 500 Startups, Averroes Ventures and recently launched Egypt Ventures. An angel investor Dr. A. Abdelhamid also joined the round.

Egypt’s Nawah Scientific raises $1 million pre-Series A to empower scientists and scientific research in MENA

Nawah Scientific, an Egypt-based life science venture, has raised $1 million in a Seed funding round. The round was led by Endure Capital and included participation from 500 Startups, Averros Ventures, Egypt Ventures, and angel investor Dr. A. Abdelhamid. Nawah plans to use the funds to expand its services and marketing activities both inside and outside Egypt.

One Million Dollars For An Egypt Grown Life Science Venture

Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raised $2.5 million in seed funding. The round was co-led by Arzan Venture Capital and Shorooq Partners, with participation from Camel Ventures, Averroes Ventures, and several angel investors. The company plans to use the funds to expand its facilities, develop more AI and data-driven products, and grow geographically.

Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding

Khazenly, an Egyptian e-commerce fulfilment platform founded in 2021, has successfully raised a seed funding round co-led by Arzan Venture Capital and Shorooq Partners, with participation from Camel Ventures, Averroes Ventures, and various angel investors. The funds will be used to develop Khazenly's products and services, expand its facilities, and support geographical expansion. Khazenly aims to enhance its data-driven products, such as Mobile Dark Stores, to improve merchant and shopper experiences.

Egypt’s Khazenly raises $2.5 million Seed round

Khazenly, an Egyptian B2B logistics and digital warehousing platform, secured a $2.5 million seed funding round led by Arzan Venture Capital and Shorooq Partners, with participation from Camel Ventures, Averroes Ventures, and several angel investors. The funding will be used to expand Khazenly's facilities, develop data-driven products, and enhance its geographic reach.

B2B on-demand fulfillment platform Khazenly closes $2.5M round- Business Today

ILLA, an Egypt-based delivery and logistics startup, has raised $500,000 in a seed funding round. The investment was led by Averroes VC, AUC Angels, and a consortium of local and regional strategic angel investors, with follow-on funding from Flat6Labs Cairo. The funds will be used for local expansion, exploring regional markets, and enhancing customer experience. ILLA operates in 24 governorates in Egypt and serves clients like CocaCola, P&G, Nestle, and Pepsico.

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Averroes Ventures

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 5 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments