Banking + Finance

Innoventures launches EGP 100 mn tech startup investment fund

by enterpriseam adminEgypt Edition17 December 2019

Read Full Issue

Innoventures has established a EGP 100 mn investment fund to invest in local tech startups, partner Rafik Dalala told Al Mal. The fund has raised EGP 12 mn so far, with EGP 4 mn coming from the Information Technology Industry Development Agency. The company plans to launch another USD 50 mn fund in Mauritius, Dalala said.

Related

Tags:

BANKING + FINANCE Innoventures ITIDA technology

More from Enterprise

Banking

Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions

Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions

Israel’s Arkia shifts some flights to Egypt as airspace tightens…

Finance

Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance

Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance

Plus: Incolease taps securitization market with debut EGP 2 bn…

Capital Markets

Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on

Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on

PE and VC-backed companies were already pivoting to local exchanges…

Fintech

Telda moves into investing with zero-fee stock trading

Telda moves into investing with zero-fee stock trading

Telda claims users can sell a position and immediately spend…

Now Playing

Now Playing

00:00

00:00