Category: New Investments

Egyptian fintech company Khazna has successfully raised $16 million in a pre-Series B funding round to strengthen its presence in Egypt and expand operations into Saudi Arabia.

Flat6Labs, a leading venture capital firm and startup accelerator in the MENA region, is set to receive a proposed equity investment of up to $6 million in its newly launched fund from the International Finance Corporation (IFC).

Cairo-based venture capital firm Foundation Ventures has announced the first close of its new $25 million fund, FVFII, marking a significant step toward strengthening Egypt’s entrepreneurial ecosystem.

Sweden’s development finance institution, Swedfund, has pledged €40 million to improve infrastructure in Africa, the Levant, and South and Southeast Asia.

Egyptian skills development startup Eyouth has announced a significant partnership with global education consultancy EDT&Partners, launching a $6 million initiative to equip one million young people across Africa and the Middle East with essential digital skills.

Proparco, a French development finance institution, has announced a €10 million investment in AfricInvest’s latest fund to support small and medium-sized enterprises (SMEs) across Africa.

UK-based technology company MOPO, known for its innovative pay-per-use battery rental solutions, has secured significant funding from British International Investment (BII), the UK’s development finance institution and impact investor.

Insight Terra has successfully closed a $5.7 million Series A extension funding round, positioning itself to expand its AI-driven greenhouse gas (GHG) and environmental risk management platform.

Norfund, the Norwegian Investment Fund for developing countries, has announced an additional investment of US$40 million in CrossBoundary Energy (CBE), a leading renewable energy solutions provider in Africa.