– Glint, Egypt’s boutique consulting and investment firm, announced the first close of its second venture fund, securing an initial $3 million USD investment anchored by Wadi Degla Group.

– Glint Fund 2 will focus on supporting startups through its proprietary venture studio model, seeking to invest between the Seed and Series A stages with ticket sizes ranging from $250K to $500K.

– With a track record of nurturing successful ventures like Darwinz.ai, Iqraaly, Wasla, Kashier, and Filkhedma, Glint aims to further develop Egypt’s tech startup ecosystem by providing not only capital but also business, operational, and technical support, along with access to regional markets.

Glint, Egypt’s boutique consulting and investment firm, announced the first close of its second venture fund. With an initial close of USD 3 million, anchored by Wadi Degla Group, Glint’s new fund will focus on supporting startups through its proprietary venture studio model. 

Glint Fund 2 seeks to support innovative entrepreneurs to build disruptive, tech-based Egyptian companies with the capability -and mandate- to penetrate the regional and international markets and aims to invest between the Seed and Series A stages with tickets ranging from $250K to $500K. 

Since its establishment 6 years ago, Glint has helped build many bright businesses like Darwinz.ai, Iqraaly, Wasla, Kashier and Filkhedma. 

“Glint’s second fund represents an important step to further develop our ecosystem designed to support Egyptian tech-based startups looking to penetrate the regional and international markets,” said Tarek Aboualam, Managing Partner at Glint. 

“Glint’s Venture Studio model is designed to provide much more than just capital, it provides an integrated platform offering business, operational, and technical support as well as access to the regional market. We are thrilled to start working with our new LPs as well as continue working with our returning investors” 

“Investing in startups that redefine and disrupt markets is more than just financial input; it’s about building a foundation for continuous innovation and significant regional growth,” added Youssef Helmy, General Partner at Glint. 

“The fund focuses on digital and disruptive industries, planning to make significant inroads into AI, fintech, and other cutting-edge technologies”.