Investors Remain Bullish on Egypt’s Startup Ecosystem, Despite Falling on Hard Times in 2023
After several years of fast-paced growth and a stand-out performance year in 2022 in terms of startup fundraising and deal flow, Egypt’s startup ecosystem hit multiple speed bumps in 2023. The global VC winter had something to do with it, but run-away inflation and plummeting currency valuations compounded challenges for investors and startups alike. Still, and perhaps due to the current macroeconomic climate, many investors remain bullish about investing in the sector in 2024.
This month, Lucidity Insights partnered with Entrepreneur Middle East to publish a comprehensive Special Report, looking at Egypt’s startup and investor ecosystem titled, “Investing in Egypt’s
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