Leading Financial Backers of New Businesses in Egypt

Leading Financial Backers of New Businesses in Egypt

Egypt's startup scene has witnessed significant growth, particularly in the fintech sector, which leads the country's startup landscape. In 2023, fintech startups raised an impressive $796.5 million, making it a key contributor to the economy, now accounting for 5.8% of the GDP and driving a 26% jump in digital exports to reach $6.2 billion.

Key players in Egypt's startup ecosystem shape the market by combining funding, mentorship, and strategic support, primarily targeting sectors like fintech, proptech, e-commerce, AI, and IoT. These investors fuel growth mainly in early to mid-stage startups by providing capital injections, accelerator programs, and extensive networks that enable scale and innovation.

One of the leading seed and early-stage venture capital firms is Flat6Labs. Since its launch in 2012, Flat6Labs has invested over $85M, backing 2,000+ entrepreneurs with funding up to $500K. Besides capital, Flat6Labs offers tailored startup programs including mentorship from hundreds of experts, corporate connections, and growth acceleration resources designed to meet innovative entrepreneurs' needs across Egypt and the MENA region.

Another influential investor is Cairo Angels, Egypt's first angel network, which was launched in 2012. Although Cairo Angels does not provide financial support, they offer non-financial support to startups, including due diligence, deal structuring, and portfolio management.

Endure Capital, an early-stage fund, has 52 investments, including Careem and NowPay. Endure Capital emphasizes long-term relationships with founders and has launched the "Endure...Pay it Forward" program for mentorship.

Disruptech Ventures, launched in 2021, has become a key player in Egypt's fintech sector with a $36 million fund, focusing on early-stage investments in fintech and digital services startups. Disruptech Ventures' investment strategy includes seed funding for up to 28 startups, with a current deployment of 40% of the fund invested.

Egypt Ventures, established in 2017 by the Ministry of Investment and International Cooperation, focuses on funding initiatives that drive growth and innovation in Egypt's startup ecosystem.

Algebra Ventures, with a $144M fund, supports 21+ startups, including Sylndr and DXwand. Algebra Ventures offers strategic advice, operational support, and help with team-building in addition to funding.

500 Global has backed 60+ Egyptian startups like MaxAB and MoneyFellows. In addition, 500 Global's Scale-Up Program selected 15 promising Egyptian startups in October 2023.

Sawari Ventures has made strategic investments in fintech, including Axis, blnk, and Kashier. Sawari Ventures has major exits including SWVL and Instabug, with a focus on North Africa.

In the deeptech sector, Sawari Ventures supports Si-Ware and Pearl.

A15 focuses on early-stage tech startups, with standout investments like TPAY and Paymob.

Falak Startups, launched in 2018, has made 69 investments and achieved 4 exits within Egypt's growing startup ecosystem. Falak Startups focuses on seed-stage companies, offering up to EGP 2,000,000 per startup.

Flat6Labs launched the InvestIT Program with ITIDA to support ICT-enabled startups in November 2024. Egypt’s government-backed incubators like ITIDA’s Start IT program significantly enhanced their funding and services in 2025, more than doubling seed funding to approximately €14,500 per startup and providing $10,000 AWS credits.

Other influential accelerators such as Baobab Network provide funding, hands-on mentorship, and access to a vast global network to help startups expand internationally. Baobab focuses on tech innovations addressing urgent challenges and is particularly interested in companies using AI, IoT, and other tech-enabled solutions, excluding sectors like gambling or alcohol.

In terms of sectors energized by these investors:

• Fintech dominates in funding volume. It attracts large-scale deals and benefits from focused support due to its scalability and impact.
• Proptech, distinctively Egypt’s most funded sector recently, raised about $75 million in just three transactions, reflecting a growing digital transformation in real estate.
• E-commerce startups secured $24.8 million, highlighting increased investor interest in consumer-related tech ventures.
• AI and IoT sectors receive standout support particularly from accelerators like Baobab, who provide mentorship and connections vital for startups leveraging such advanced technologies.

Egypt’s startup funding landscape saw a 106% year-on-year gain, reaching $179 million from 52 deals in 2025’s first half, indicating robust momentum despite macroeconomic challenges.

These top investors continue to shape Egypt’s ecosystem by injecting capital, providing specialized mentorship including AI integration, creating platforms to reduce operational costs, and connecting startups with strategic partners regionally and globally—all primarily focusing on fintech, proptech, AI, IoT, and e-commerce startups to fuel scalable innovation.

1. venture capital firms like Flat6Labs, Algebra Ventures, and 500 Global invest significantly in Egypt's startup ecosystem, providing funding, mentorship, and strategic support to various sectors such as fintech, proptech, e-commerce, AI, and IoT.
2. Investing in Egypt's technology sector has shown positive growth, with fintech startups leading the way, raising impressive amounts such as $796.5 million in 2023, contributing to the economy and driving a 26% increase in digital exports.
3. Egypt's startup ecosystem benefits from strategic investors like Endure Capital, Cairo Angels, and Disruptech Ventures, who not only provide capital but also offer long-term relationships, mentorship programs, and resources to help innovative entrepreneurs scale and thrive.

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