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Egyptian VC Firm Glint Closes First Round of New $3 Million Fund for Early-Stage Startups

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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.”

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