New Investments
VC Firm 500 Global Selects 15 Egyptian Startups for Scale-Up Program
Fifteen Egyptian tech startups have been selected for the first batch of the 500 Global in Egypt Scale Up Programme, a seven-week program designed to help founders scale their businesses.
The program is run by 500 Global, one of the world’s most active venture capital firms, in partnership with the Egyptian Information Technology Industry Development Agency (ITIDA). It is dedicated to pre-Series A and Series A startups in Egypt.
The selected startups are:
- Birdnest
- Blnk
- Convertedin
- Dresscode
- FriendlyCar
- ILLA
- Khazenly
- MQR
- Nowlun
- NowPay
- O7 Therapy
- Orcas
- Rology
- Suplyd
- Sylndr
“Despite a challenging global and local macroeconomic backdrop, we found Egyptian founders proving that Egypt remains a thriving technology market in the Middle East and Africa,” said Amal Enan, Partner at 500 Global.
The Scale-Up program kicked off on October 1 at the Creativa Giza Hub, also known as The Factory, operated by ITIDA. It will culminate with the Scale Up Showcase on November 16.
The program is designed to empower founders through personalized mentorship and growth techniques, setting the stage for their future success.
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...
Ivorian Fintech Waribei Secures Pre-Seed Funding to Empower Small Traders in Africa Through Inventory Financing
Waribei, a fintech startup based in Ivory Coast, has successfully secured €750,000 ($820,462) in pre-seed funding to advance its innovative inventory financing solution designed for small traders across Africa.
German DFI DEG Commits $50 Million to DPI’s Fourth Africa-Focused Private Equity Fund
German development finance institution DEG (Deutsche Investitions- und Entwicklungsgesellschaft) has confirmed it will commit $50 million to African Development Partners IV (ADP IV), the latest private equity vehicle managed by Development Partners International (DPI).
Roam to Establish 10 Solar-Powered Electric Mobility Hubs in Nairobi with EU Funding
Kenyan electric mobility company Roam is gearing up to launch 10 additional solar-powered Roam Hubs in Nairobi, supported by funding from ENERGICA, an initiative under the European Union’s Horizon 2020 program.