By Lucidity Insights Research Team • November 08, 2023
Egypt’s Startup Funding Grew 22X in Just 5 Years
Startup cultures are like seeds that require nurturing, and Egypt is laying the groundwork for something truly remarkable.
Just five years ago, Egypt's startup funding landscape was on the cusp of a revolution.
Four tech startups have been the main contributors to this growth, with MNT-Halan attracting the largest amount from global investors which demonstrates confidence in the Egyptian fintech ecosystem.
Now, we're thrilled to present a video that delves deep into the astounding growth of Egypt's startup ecosystem.
%2Fuploads%2Fegypt-startup%2Fegypt-startup-cover.jpg&w=3840&q=75)
Egypt's Burgeoning Start-Up Ecosystem
A look at the movers and shakers inside Egypt’s start-up ecosystem that attracted US $491 million in VC funding in 2021, and is expected to break the US $1 billion funding ceiling in 2022. By clicking through, you will uncover the factors contributing to its success and the future prospects that await, making it an essential read for anyone interested in the intersection of innovation and investment in one of the most promising regions of the world.
Other Videos
%2Fuploads%2Fegypt-2024%2Fvideos%2FStartupEgypt05.jpg&w=3840&q=75)
Discover Egypt's entrepreneurial journey with incubators and accelerators driving startup growth. Explore key programs and their impact on the startup ecosystem.
%2Fuploads%2Fegypt-startup%2Fvideos%2Fvid09Egypt.jpg&w=3840&q=75)
Ranked third in the MENA region, following the UAE and KSA, discover the driving force propelling Egypt's entrepreneurial scene to new heights.
%2Fuploads%2Fegypt-startup%2Fvideos%2Fvid08Egypt.jpg&w=3840&q=75)
Discover Egypt's First Unicorn: Fawry or MNT-Halan? Watch the full video to unravel the story behind these groundbreaking startups and their journey to unicorn status.
%2Fuploads%2Fegypt-startup%2Fvideos%2Fvid07Egypt.jpg&w=3840&q=75)
Dive into the heart of Egypt's tech landscape as E-Commerce emerges as the country's largest and most influential sector, attracting substantial funding.
%2Fuploads%2Fegypt-startup%2Fvideos%2Fvid06Egypt.jpg&w=3840&q=75)
Join us in this video to witness the rise of E-Commerce, Egypt's largest and most funded sector, followed by Fintech, which made history with Fawry achieving unicorn status.
%2Fuploads%2Fegypt-startup%2Fvideos%2Fvid05Egypt.jpg&w=3840&q=75)
Join our journey through their success stories and challenges, propelling Egypt into the tech spotlight with the top 5 startup employers, including SWVL, Nagwa, Vezeeta, Khazna, and Bosta.
%2Fuploads%2Fegypt-startup%2Fvideos%2Fvid03Egypt.jpg&w=3840&q=75)
Egypt is poised to become a thriving tech hub with the right ingredients: high-speed internet, connectivity, smartphone usage, e-commerce growth, and a supportive government.
%2Fuploads%2Fegypt-startup%2Fvideos%2Fvid01Egypt.jpg&w=3840&q=75)
Discover how strategic reforms and a surge in foreign direct investment have positioned Egypt at the forefront of innovation and economic growth.
%2Fuploads%2Fegypt-startup%2Fvideos%2Fvid02Egypt.jpg&w=3840&q=75)
Discover how government-led reforms are resulting in Egypt's remarkable drop in unemployment rate and boosting local production by empowering youth and women in the workforce in this video!
Related Contents
Articles
5 Most Funded Startups in Sub-Saharan Africa in February 2025
By Staff Writer • March 27, 2025Infobytes
Sub-Saharan Africa’s Startup Funding: 2025 Trends So Far
By Staff Writer • March 25, 2025News
Foundation Ventures Launches $25M Fund to Fuel Innovation in Egypt and African Startups
By Staff Writer • February 05, 2025News
UAE Startup Funding Poised for Major Growth in Q4 2024 and Through 2025
By Staff Writer • November 20, 2024News
Invest Qatar Showcases Qatar's Dynamic Investment and Startup Ecosystem
By Staff Writer • November 16, 2024Infobytes
The Top 10 Most Funded African Startups in H1 2024
By Lucidity Insights Research Team • October 01, 2024Articles
The Top 10 Most Funded Startups in Africa for H1 2024
By Nazmia Nassereddine • September 24, 2024News
African Startups Surpass $1 Billion Mark in 2024 Investment
By Staff Writer • July 28, 2024Articles
The Top 10 Most Funded Startups in the UAE in 2023
By Nazmia Nassereddine • July 23, 2024News
Innovate Africa Targets Startup Growth with $50,000 Average Investment
By Staff Writer • July 15, 2024
%2Fuploads%2Farticles%2F2025%2F0327_ssa-most-funded-startups-feb-25%2Fcover.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2025%2F0327_1.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F05_2foundationventures.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2024%2F11%2F20_1uaestartup.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2024%2F11%2F16_2investqatar.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2024%2F1002_1.jpg&w=3840&q=75)
%2Fuploads%2Farticles%2F2024%2F0924_top-10-africa-h1%2Fcover.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2024%2F07%2F28_1africanstartups.jpg&w=3840&q=75)
%2Fuploads%2Farticles%2F2024%2F0723_10-uae-startups%2Fcover.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2024%2F07%2F15_4innovativeafrica.jpg&w=3840&q=75)
