Local deeptech investment firm Sequence Ventures plans to launch a USD 50 mn fund — dubbed Africa Deep Tech — to back technology startups across Africa in 2026, Managing Director Seifallah Zoghbi told Asharq Business.

Also on the company’s docket: The firm expects its first close on its EGP 500 mn EgyptDeep-Tech Fund by the end of 1Q 2025, with the fund having received commitments from local banks, financial institutions, and private companies, Zoghbi said. Launched in 2021, the fund plans to deploy capital across 20 transactions over two years.

Where’s SV pouring its money? The homegrown VC firm will invest in deep tech startups in health, education, agriculture, logistics, and climate, focusing on AI, robotics, renewable energy, and more, Zoghbi told the outlet. The company has previously indicated that all its investments in Egypt would be in companies in the pre-seed to series-A range.

ICYMI: Sequence Ventures and Logic Consulting launched iVolution, an AI consulting firm focused on helping organizations adopt tailored digital transformation strategies, in November.

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