New Investments
Egyptian VC Firm Glint Closes First Round of New $3 Million Fund for Early-Stage Startups
Glint, a prominent Egyptian venture capital firm, has secured an initial $3 million for its second fund, targeting early-stage startups.
Founded six years ago, Glint boasts a successful track record of supporting businesses like Darwinz.ai, Iqraaly, Wasla, Kashier, and Filkhedma.
The firm, led by Tarek Aboualam and Youssef Helmy Habib, announced the first close of Glint Fund II, backed by Wadi Degla Group.
This new fund aims to empower Egyptian entrepreneurs by providing investment opportunities ranging from $250,000 to $S500,000 during the seed and Series A stages.
Glint will leverage its unique venture studio model to offer comprehensive support beyond just capital.
“Glint’s second fund is a crucial step in strengthening our ecosystem for Egyptian tech startups with aspirations to reach regional and international markets,” said Aboualam.
“Our venture studio model goes beyond just funding. We provide an integrated platform with business, operational, and technical support, along with access to the regional market. We’re excited to collaborate with both new and returning investors.”
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Sahel Capital Extends $1 Million Loan to Kenyan Fish Processing Firm Camino Ruiz
Sahel Capital, an investment company with a focus on agriculture and food sectors in sub-Saharan Africa, has finalized a $1 million loan agreement with Camino Ruiz, a Kenyan company that specializes in fish processing and distribution.
Egypt’s i’SUPPLY Secures pre-Series A Funding to Boost Digital Pharmacy Solutions
Egyptian healthtech company i’SUPPLY has secured an undisclosed amount of funding in a pre-Series A round to fuel its expansion plans and bolster its offerings for small and medium-sized pharmacies.
Lupiya, Zambia’s Leading Neobank, Secures $8.25m in Series A Funding
Zambian fintech Lupiya has raised $8.25 million in a Series A funding round led by Alitheia IDF Fund, with participation from INOKS Capital SA and the German Investment Bank KfW DEG.