Capital raising services in Egypt
Egypt is the most active VC market in North Africa and one of the top five in Africa overall, with Cairo's Smart Village and New Cairo clusters drawing capital from Algebra Ventures, Sawari Ventures, Wamda Capital, Disruptech and a wide base of UAE, Saudi, US and European investors.
Mid- to late-stage rounds across fintech, logistics and B2B commerce - including raises by MNT-Halan, MaxAB, Trella and Khazna - show that Egyptian founders can access USD-denominated growth capital at competitive valuations from global investors.
Flow runs end-to-end VC fundraising processes for mid- to late-stage Egyptian companies seeking growth capital on the best available terms, drawing on our extensive VC investor network across North Africa, the Gulf and internationally - from investor positioning and financial model preparation through to close.
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VC rounds raised in the last 12 months in Egypt
$400M
Median VC valuation (across all stages) in Egypt
2.7x
Median VC revenue multiple (across all stages) in Egypt
$50M
Largest VC round raised in Egypt in the last 12 months
Raising venture capital in Egypt
Egypt's VC market is the largest in North Africa by capital deployed, with Cairo as the centre. Most material rounds at Series A and later involve an offshore holding structure (UAE/ADGM, Delaware, Cayman) for FX hedge, investor familiarity and exit considerations.
Documentation conventions
Most venture-backed Egyptian rounds use offshore-parent (UAE/ADGM or Delaware) NVCA-aligned documentation, with Egyptian-law side documents for the operating subsidiary. Pure-Egyptian rounds adapt to Companies Law mechanics.
SAFEs and convertibles
Y Combinator SAFEs are widely used in Egyptian seed and Series A rounds with a Delaware parent. Egyptian-law convertibles are used in pure-Egyptian structures.
Offshore holding structures
Most venture-backed Egyptian companies operate via an offshore holding entity (UAE/ADGM increasingly common, Delaware traditional) over Egyptian operating subsidiaries. Provides FX hedge, investor familiarity and exit mechanics.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is increasingly standard.
CBE and FX considerations
Central Bank of Egypt FX regulations materially shape cross-border flows. FX availability, parallel rates and reporting obligations affect every cross-border round. Standard practice is to channel capital through the offshore parent.
Closing mechanics
Closings vary by structure - offshore-parent closings follow international conventions. Egyptian-domestic closings involve GAFI filings and notarial procedures.
Largest private tech companies in Egypt
MNT-Halan valued at $1.0B is the largest still privately-owned company in Egypt.
See all large tech companies in Egypt| Logo | HQ | Description | ||||
|---|---|---|---|---|---|---|
MNT-Halan | | Cairo-based MNT-Halan provides microfinance lending, digital payments, and banking services in Egypt. The company offers mobile wallets, debit cards, installment plans, and e-commerce financing through its app, targeting unbanked populations. MNT-Halan operates across urban and rural areas, partnering with merchants for cashless transactions and expanding into insurance products. | Jul-24 | $158M | $1.0B |
Startups who recently raised money in Egypt
Largest VC round raised recently in Egypt was a $50M Series C of Breadfast in February 2026.
See all VC rounds in Egypt| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Feb-26 | Breadfast | | Breadfast is a quick-commerce service delivering groceries, baked goods, fresh produce, and over 3,000 household items within 10 minutes in Cairo and Giza. Operating from dark stores across Egypt, it stocks dairy, meats, and ready-to-eat meals through a mobile app. Cairo-based since 2019, Breadfast serves urban neighborhoods with hyperlocal fulfillment and partners with local suppliers for daily essentials. | European Bank for Reconstruction and DevelopmentInternational Finance Corporation+4 | $50M | $400M | Series C | |
Apr-26 | Lucky | | Lucky is a Cairo-based fintech app delivering credit products, cashback, and rewards tailored for Egyptian consumers. Users access installment plans for electronics from Jumia and Souq, plus bill payments with loyalty points. Launched in 2021, the platform integrates with Vodafone Cash and Fawry for instant transfers across Nile Delta cities. | 1-Stop ConnectionsDisruptech Ventures+3 | $23M | - | Series B | |
Jan-26 | NowPay | | NowPay is a FinTech company that advances wages to corporate employees on demand, allowing access to earned pay anytime during the pay cycle. Headquartered in Dubai, United Arab Emirates, NowPay partners with employers across the Middle East to enhance financial wellness via its platform at nowpay.cash. | Tas'heel Finance | $20M | - | Strategic investment | |
Feb-26 | Flextock | | Flextock is a cloud-based warehousing platform offering on-demand storage and fulfillment in Europe. It connects businesses to a network of 500 facilities for pallet and parcel handling, with API integrations to Shopify and Amazon. Flextock provides real-time inventory visibility and two-day delivery across Germany and the Netherlands. | Access Bridge VenturesAlter Global+7 | $13M | - | Series A | |
Apr-26 | INVIA | | INVIA delivers insights, guides, and updates on financial management for small businesses and SMEs in Egypt. | - | $1.2M | - | Seed | |
Dec-25 | Byit | | Byit is a technology platform supporting independent real estate brokers and freelancers with tools for operations and client management. | A15Beltone Holding | $1.1M | - | Seed | |
Apr-26 | Layn | | Layn is a construction technology startup that builds with 3D concrete printing. | DAR Ventures | $1.0M | - | Pre-seed | |
Nov-25 | Bluworks.io | | Bluworks.io is a cloud-based HRTech SaaS platform developed in Bucharest, Romania. It streamlines recruitment, onboarding, performance management, and employee engagement for SMEs and enterprises. The platform integrates with tools like Microsoft Teams and Google Workspace, serving over 1,000 companies across Europe with features for automated workflows and analytics. Founded in 2019, Bluworks.io supports remote teams in 20 countries. | A15Acasia Ventures+2 | $1.0M | - | Seed | |
Feb-26 | Cluster | | Cluster is a platform that connects pharmacies, distributors, and suppliers in the pharmaceutical supply chain. Automation handles procurement for thousands of pharmacies and hundreds of suppliers serving over 5 million patients while addressing counterfeit risks through traceability. | - | $200K | - | Seed | |
Dec-25 | Croptimus | | Croptimus is a tech firm offering AI-driven soil testing, irrigation scheduling, and pest control for modern farming. | VentureX | - | - | Seed | |
Dec-25 | Qnoun | | Qnoun is an AI-powered legal platform offering contract automation, comprehensive legal research across laws and rulings, error detection in documents, and over 600 contract templates. It integrates with tools like Zapier, Google Workspace, Outlook, and Slack. | - | - | - | Pre-seed | |
Dec-25 | Rology | | Rology is a teleradiology platform that connects hospitals with on-demand radiologists worldwide, matching expertise in CT, MRI, and X-ray interpretations based on availability and subspecialty. Its AI-enhanced DICOM viewer accelerates reporting workflows by automating preliminary analyses and flagging anomalies. Headquartered in London, the company addresses the global radiologist shortage exacerbated by rising imaging volumes, serving healthcare providers across Europe and beyond since its 2020 launch. | Johnson & Johnson Impact VenturesPhilips+2 | - | - | Undisclosed stage |
Top VCs and strategic investors in Egypt
A15, Orbit Startups, Beltone Venture Capital and F6 Ventures funded the most startups in Egypt in the last 12 months.
See all VCs in Egypt| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
A15 | | A15 is a venture builder and investor in digital products and technology brands across the Middle East and North Africa. Cairo-headquartered since 1996, the firm incubates and scales startups in fintech, e-commerce, healthtech, and edtech by offering seed capital, operational support, and ecosystem partnerships. A15 acts as a launchpad for expansion, having nurtured companies like Trella and Nawy, and maintains a presence in Egypt, Saudi Arabia, and the UAE to drive regional tech innovation. | ByitBluworks.ioSehaTech+2 | 8 | Seed | |
Beltone Venture Capital | | Beltone Venture Capital is the venture arm of Beltone Holding investing in Egyptian startups across fintech, agritech, and healthtech stages. Cairo-headquartered, it has deployed $50 million into 20 portfolio companies like Swvl and Bosta since 2018. The fund targets Series A rounds with follow-on support up to $10 million. | Bluworks.ioSehaTechSylndr+2 | 7 | Series A | |
F6 Ventures | | F6 Ventures is a Dubai-based seed-stage venture capital firm targeting emerging markets in the Middle East, Africa, and Southeast Asia. It invests from pre-seed to Series A in over 300 startups across seven countries, backing founders in fintech, edtech, and healthtech. The firm provides strategic support alongside capital to help companies secure initial customers and follow-on funding. | WuiltOctaneLoop Micromobility+2 | 5 | Seed | |
Orbit Startups |  | Orbit Startups is a venture capital firm targeting tech companies digitizing traditional industries in emerging markets. The Singapore-headquartered investor supports startups in e-commerce, fintech, media, healthcare, education, and logistics through initial investments, follow-on funding, and lifetime programs for partnerships and growth. Orbit operates across Asia, Latin America, and Africa. | MasroofiSparemartWeLend+2 | 4 | Pre-seed | |
Ingressive Capital | | Ingressive Capital is a Lagos-headquartered Pan-African venture capital fund targeting pre-seed and seed-stage tech startups in Egypt, Ghana, Kenya, Morocco, and Nigeria. Backing African-led companies in fintech, edtech, and logistics like Carry1st and Kuda, it drives B2B and B2C innovations to expand economic value chains across the continent. | SehaTechNowlunMNZL+1 | 4 | Seed | |
El Sewedy Capital Holding | | El Sewedy Capital Holding is a Cairo-headquartered family office overseeing investments exceeding USD 500 million in real estate, hospitality, education, financial services, and contracting sectors. The firm manages a portfolio of properties, hotels, schools, banks, and infrastructure projects across Egypt and the Middle East. El Sewedy Capital focuses on diversified holdings that support regional economic development. | FlendOctaneSettle Payments+1 | 3 | Seed | |
Jameel Investment Management Company |  | Jameel Investment Management Company is a Dubai-headquartered alternative investment firm managing diversified portfolios in private equity, real estate, and public markets. Part of the Abdul Latif Jameel Group, it oversees assets exceeding $2 billion with offices in Riyadh, London, and Singapore. | FlextockWuiltThndr+1 | 3 | Seed | |
Plus Venture Capital | | Plus Venture Capital is a Dubai-headquartered early-stage fund investing in MENA tech startups from seed to Series A. Portfolio spans fintech like Tabby and healthtech such as Altibbi, with 20 investments across UAE, Saudi Arabia, and Egypt. It provides follow-on funding up to $5 million per deal alongside mentorship from Google and Microsoft alumni. Active since 2016, Plus VC manages $100 million across two funds targeting B2B SaaS. | SehaTechFlendSettle Payments+2 | 3 | Seed | |
Exel by Merak | | Exel by Merak is a gaming accelerator that supports entrepreneurs and organizations with tailored programs, project development, and strategic consulting. Based in Montreal, Canada, it operates under Merak Games, focusing on mobile and PC titles. The platform connects participants to industry mentors, funding opportunities, and distribution networks in North America and Europe. Exel by Merak runs cohort-based initiatives like its annual accelerator, which has backed over 20 studios since 2020, emphasizing hyper-casual and mid-core genres. | FitNotHYS GamesCakebyte+2 | 2 | Pre-seed | |
European Bank for Reconstruction and Development | | European Bank for Reconstruction and Development is a London-headquartered multilateral bank founded in 1991 with 71 shareholders. It finances infrastructure, energy, and SMEs in 36 countries from Morocco to Mongolia, committing €11 billion annually. Equity investments and loans support green projects like the 1 GW solar portfolio in Egypt. | BreadfastOrchidia PharmaceuticalSaltz+1 | 2 | Series B |
What if not VC? Non-equity funding in Egypt
Egypt's non-dilutive funding stack is moderate by MENA standards - between ITIDA incentives, free zone benefits, sector-specific funds and a growing angel network, Egyptian startups have multiple paths to extend runway.
ITIDA incentives
ITIDA administers ICT export rebates and tech sector incentives. Material non-dilutive incentive for export-oriented Egyptian tech, particularly SaaS and BPO.
Free zones and SEZs
Egyptian free zones (Cairo, Alexandria, SCZONE) and Special Economic Zones offer corporate tax benefits and customs simplifications. Material for hardware, logistics and cross-border tech operations.
MSMEDA programmes
MSMEDA provides subsidised lending and SME support. The main public-sector SME capital source.
Egypt Startup Act
Egypt Startup Act framework provides reduced tax rates and simplified compliance for qualifying startups (subject to certification and ongoing eligibility conditions). Materially valuable for qualifying companies.
Cairo angel ecosystem
Fawry, MNT-Halan, Swvl, Vezeeta, Paymob and other Egyptian tech alumni anchor a growing angel scene. Cairo Angels and dedicated networks coordinate structured angel investment.
Cross-border venture debt
Cross-border providers and pan-MENA debt funds operate in Egypt via regional arms. Local banks provide standard SME working capital and growth lending.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across Egypt and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Egypt.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
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Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
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We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in Egypt
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in Egypt
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
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