Empowering Innovation: Falak Startups Catalyzing Egypt's Tech Scene

By Ashok Raman • 10 April 2024

Powered by the Egyptian Ministry of International Cooperation’s VC arm, Egypt Ventures, Falak Startups invests in seed stage tech startups. The firm is industry agnostic, however has an additional focused track that specializes in Financial Technology powered by EFG Hermes.

Year Established: 2018
HQ: Cairo, Egypt
AUM: N/A
# of Portfolio Companies: >60
% of companies in Egypt: ~85%
Avg # of deals per year: 5-1

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Mentioned Startup & VC Profiles

Falak Startups

Falak is a pioneering venture capital dedicated to nurturing and empowering emerging Egyptian entrepreneurs, fostering the growth of Egypt's start-up landscape.

EFG EV Fintech

EFG EV Fintech is a leading financial technology enabler and investor in Egyptian entrepreneurs, backed by a seasoned team of investors, entrepreneurs, and technology experts to drive the growth of the fintech ecosystem through innovative investment strategies.

Egypt Ventures

EFG Hermes

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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.

Empowering Innovation: Falak Startups Catalyzing Egypt's Tech Scene

Powered by the Egyptian Ministry of International Cooperation’s VC arm, Egypt Ventures, Falak Startups invests in seed stage tech startups. The firm is industry agnostic, however has an additional focused track that specializes in Financial Technology powered by EFG Hermes.

Related Report

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