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Sequence Ventures to invest 150m EGP in 10 tech companies

by WAYA Staff - Mar 24, 2022
Sequence Ventures to invest 150m EGP in 10 tech companies

Sequence Ventures is to invest EGP 150 million in 10 tech companies this year through its Deep-Tech fund. The fund is currently eyeing 22 startups with a goal to deploy EGP 12-17 million in 10 transactions.

The fund was launched in October, with a focus on acquiring companies operating in a range of tech sectors, including healthtech, FinTech, edtech, PropTech, logistics, and DevOps.

The Deep-Tech fund reached its first close of EGP 150 million and has received commitments from Misr Life, Misr Insurance, Export Development Bank and Attijariwafa.

Also read: SHUAA Capital launches a $250m venture debt fund

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Sahaby raised $8.6m in a seed funding round

by WAYA Staff - Mar 23, 2022
Sahaby raised $8.6m in a seed funding round

Sahaby, Saudi-based virtual F&B brands startup, raised seed funding at an $8.6M valuation led by Awaed Investment Company for 15% equity in the startup The startup was founded in 2021 and is specialized in creating cloud brands in the field...

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Cypher Capital launches a $100m blockchain-focused fund

by WAYA Staff - Mar 23, 2022
Cypher Capital launches a $100m blockchain-focused fund

Cypher Capital, a private venture capital firm rooted in the UAE and MENA region, launched a $100m seed fund focused on investments in blockchain, crypto and other digital asset projects. “We are very proud and honored to be launching our first...

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SHUAA Capital launches a $250m venture debt fund

by WAYA Staff - Mar 23, 2022
SHUAA Capital launches a $250m venture debt fund

SHUAA Capital, asset management and investment banking platform, launched SHUAA Venture Partners, a $250 million Shari’ah fund, focused on venture debt investments.   “SHUAA Venture Partners will provide alternative capital solutions to high growth companies across the GCC. We aim to...

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Jordan’s Ahli FinTech invests $190k in InvoiceQ

by WAYA Staff - Mar 23, 2022
Jordan’s Ahli FinTech invests $190k in InvoiceQ

AHLI FINTECH, the financial technology and innovation incubator, accelerator, venture-studio arm, and wholly-owned subsidiary of Jordan Ahli Bank, led the pre-seed investment in InvoiceQ with an investment of $190k. InvoiceQ was among a select few startups that had participated in...

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Skillbee raises $3.2m in a Seed funding round

by WAYA Staff - Mar 23, 2022
Skillbee raises $3.2m in a Seed funding round

Skillbee, a super app for migrant workers, raised $3.2m in seed funding led by Good Capital and Vibe Capital, with participation from Access Bridge Ventures, Wamda Capital, and others. Launched in the UAE amidst Covid-19 to help Indian and other...

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Egypt approves a 130bln EGP financial & social relief package

by WAYA Staff - Mar 23, 2022
Egypt approves a 130bln EGP financial & social relief package

Minister of Finance, Mohamed Maait announced that an EGP 130 billion package of financial & social protection measures has been prepared to deal with the repercussions of global economic challenges and mitigate their effects on citizens. An EGP 2.7 billion...

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